HSBC Saudi Arabia Announces the final Price for the initial public offering of Derayah Financial Company
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 on behalf of the Company the successful completion of the book-building process for the Participating Parties tranche and the setting of the final offer price as SAR (30.0) per share with a coverage of approximately 162x of the total offer shares.
The Individual Investors tranche subscription process will commence on Thursday, 20th Feb and ends on Saturday 22nd Feb 5:00PM. A maximum of (4,994,704) offer shares, representing 10% of the total offer shares, will be allocated to Individual Investors.
For more information, please visit the Capital Market Authority website (www.cma.org.sa) and Derayah’s website (https://web.derayah.com/en/).
Final Offer Price Announcement
Date: 16 February 2025