Announcement of Derayah Financial Company’s intention to proceed with an initial public offering and listing on the Main Market of the Saudi Exchange
HSBC Saudi Arabia in its capacity as Sole Financial Advisor, Bookrunner, Underwriter and Lead Manager on the potential initial public offering of Derayah Financial Company (“Derayah” or the “Company”) announces the Company’s intention to proceed with the initial public offering and listing of its ordinary shares (“Shares”) on the Main Market of the Saudi Exchange, by way of a sale of existing shares by selling shareholders.
The Saudi Exchange approved the Company’s application for the listing of the Shares on the Main Market on 08 December 2024G and the Capital Market Authority (“CMA”) approved the Company’s application for the initial public offering of 49,947,039 ordinary shares (representing 20% of the Company’s share capital) on 25 December 2024G. The price at which all subscribers in the offering will purchase the Shares will be determined after the book-building period.
For more information, please visit the Capital Market Authority website (www.cma.org.sa/) and Derayah’s website (https://web.derayah.com/en/) where the Offering Prospectus will be published in due course.
Date: 23 January 2025.