Successful Completion of the Offering to Individual Investors for Derayah Financial Company
HSBC Saudi Arabia in its capacity as Sole Financial Advisor, Bookrunner, Underwriter and Lead Manager announces the completion of the retail offering period and the final allotment of shares for Derayah Financial Company (“Derayah” or the “Company”). A minimum of 8 shares were allocated to each subscriber; the remaining shares will be allocated on a pro-rata basis based on demand size of the remaining demand with an average allocation factor of 0.4299%. The sum of the remaining shares was allocated in the following methodology; each investor received an additional allocation of one share in a descending order starting with the highest demand until such shares were totally exhausted.
The subscription period for the Individual Investor Tranche, comprising 4,994,704 shares representing 10% of the total offering at a final Offer Price of SAR 30 per share, commenced on 20 February 2025 and ended on 22 February 2025.
Details of the subscription of the Individual Investor Tranche:
-
Number of retail subscribers: 586,422
-
Number of shares offered to retail subscribers: 4,994,704 shares
-
Final Offer Price: SAR 30 per share
-
Retail tranche coverage: 15.1 times
-
Total amount of retail subscriptions: SAR 2,257,234,110
-
Minimum allocation to retail investors: 8 shares
Average allocation factor of remaining retail shares: 0.4299%
Retail and Final Allocation Announcement
Date: 27 February 2025