Logo of Derayah Financial
Derayah Financial starts trading on the Main Market (TASI) today, March 10, under the symbol 4084 and ISIN Code SA1690F1VQ15, at a price of SAR 30 per share.
The stock will trade in the first three days with a daily price fluctuation limit of +/-30% and a static limit of +/-10%. From the fourth trading day onwards, the daily price fluctuation limits will revert to +/-10%, while the static price fluctuation limits will no longer apply.
Derayah Financial is the third listing on the Main Market in 2025 after Almoosa Health Co. on Jan. 7 and Nice One on Jan. 8.
In 2024, 13 companies listed on Tadawul, besides Alistithmar AREIC Diversified REIT Fund.
With Derayah Financial, the number of companies listed on TASI reached 232, along with 19 real estate traded funds.
Derayah Financial offered 49.95 million shares, or 20% of its capital, according to Argaam data. The company allocated 90% of the shares on offer to institutional investors, while the remaining 10% was set aside for retail investors.
The retail IPO was 15.1x covered, with retail requests of nearly SAR 2.26 billion.
Meanwhile, institutional investors’ IPO was 162x oversubscribed. A minimum of eight shares were allocated to each investor, while the remaining shares will be allocated on a pro-rata basis, with an average allocation factor of 0. 4299%.
Key Background
Derayah Financial was established in April 2009 in Riyadh as a joint stock company. The company’s capital currently stands at SAR 499.5 million divided into 249.74 million shares with a nominal value of SAR 2/share.
The company’s main activity, as per its articles of association and commercial register, is represented in dealings in securities, investments management and fund operation, arrangement, advisory and securities custody.
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Company Profile |
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Company |
Derayah Financial Co. |
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Core Activities |
Dealing in securities, investment management |
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Capital |
SAR 499.47 mln |
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Number of Shares |
249.74 mln |
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Share Par Value |
SAR 2 per share |
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Company Shareholders |
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Shareholders |
Before IPO |
After IPO |
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Number of Shares (mln shares) |
Ownership (%) |
Number of Shares (mln shares) |
Ownership (%) |
|
|
Taha Abdulaziz Al-Kuwaiz |
60.54 |
24.2 % |
48.08 |
19.3 % |
|
Abdulzziz Ibrahim Al Jammaz & Brothers Co. |
23.82 |
9.5 % |
18.92 |
7.6 % |
|
Sanad Investment Co. |
23.12 |
9.3 % |
18.36 |
7.4 % |
|
Al Touq Co. Ltd. |
17.1 |
6.8 % |
13.6 |
5.4 % |
|
Hashem Othman |
12.0 |
4.8 % |
9.5 |
3.8 % |
|
Abdulwahab S. Al-Sayed |
12.0 |
4.8 % |
9.5 |
3.8 % |
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Prince Fahd Saad Al Saud |
11.5 |
4.6 % |
9.2 |
3.7 % |
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Abdulaziz Al-Showaier |
11.3 |
4.5 % |
8.9 |
3.6 % |
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Mubarak Baarmah |
8.9 |
3.6 % |
7.1 |
2.8 % |
|
Mohammed M. Al-Rashid |
7.5 |
3.0 % |
5.9 |
2.4 % |
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Muwaiya H. Al-Hanati |
7.5 |
3.0 % |
5.9 |
2.4 % |
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Abdulaziz Al-Mishaal |
7.5 |
3.0 % |
5.9 |
2.4 % |
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Mohammed Al-Shammasi |
5.5 |
2.2 % |
4.4 |
1.7 % |
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Derayat Alinma Trading Co. |
4.4 |
1.8 % |
3.5 |
1.4 % |
|
Faisal Khalid Al-Hamdan |
3.8 |
1.5 % |
3.0 |
1.2 % |
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Kamal A. Bahamdan |
2.6 |
1.1 % |
2.1 |
0.8 % |
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Fawzia S. Al-Saeed |
2.6 |
1.1 % |
2.1 |
0.8 % |
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Dar Investment Company for Management and Development |
2.3 |
0.9 % |
1.8 |
0.7 % |
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Manar Talal Bakhsh |
2.0 |
0.8 % |
1.6 |
0.6 % |
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Faisal M. Al-Suhaili |
1.6 |
0.7 % |
1.3 |
0.5 % |
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Saad M. Al-Suhaili |
1.6 |
0.7 % |
1.3 |
0.5 % |
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Fahd M. Al-Suhaili |
1.6 |
0.7 % |
1.3 |
0.5 % |
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Ahmed M. bin Halim |
1.5 |
0.6 % |
1.2 |
0.5 % |
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Thamer S. Al-Shuaibi |
1.2 |
0.5 % |
0.95 |
0.4 % |
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Hind M. Al-Suhaili |
0.82 |
0.3 % |
0.65 |
0.3 % |
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Haifa M. Al-Suhaili |
0.82 |
0.3 % |
0.65 |
0.3 % |
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Talal M. Al-Nasiri |
0.75 |
0.3 % |
0.60 |
0.2 % |
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Mansour Kaaki |
0.75 |
0.3 % |
0.60 |
0.2 % |
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Fahd Ali Al-Suhaili |
0.75 |
0.3 % |
0.60 |
0.2 % |
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Ibrahim Al-Harabi |
0.68 |
0.3 % |
0.54 |
0.2 % |
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Abdulhadi Ali Shayif |
0.65 |
0.3 % |
0.52 |
0.2 % |
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Thamer R. Al-Dosari |
0.33 |
0.1 % |
0.26 |
0.1 % |
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Ahmed Al-Omar |
0.23 |
0.1 % |
0.18 |
0.1 % |
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Abdul Mohsen Al-Hekail |
0.15 |
0.1 % |
0.12 |
-- |
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Abdulaziz Al-Rashid Al-Ashban |
0.13 |
0.1 % |
0.11 |
-- |
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Public |
-- |
-- |
49.95 |
20 % |
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Total* |
242.67 |
97.2 % |
242.68 |
97.2 % |
* Total treasury shares amount to 7.06 million, representing 2.8% of the capital
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