{"id":93995,"date":"2025-02-03T00:00:00","date_gmt":"2025-02-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/03\/derayah-financial-prices-tadawul-ipo-at-sar-27-30-apiece\/"},"modified":"2025-02-03T00:00:00","modified_gmt":"2025-02-03T00:00:00","slug":"derayah-financial-prices-tadawul-ipo-at-sar-27-30-apiece","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/03\/derayah-financial-prices-tadawul-ipo-at-sar-27-30-apiece\/","title":{"rendered":"Derayah Financial prices Tadawul IPO at SAR 27-30 apiece"},"content":{"rendered":"

Derayah Financial is guiding on a price range of SAR 27-30 per share for its Tadawul IPO, <\/strong>which could see it raise up to SAR 1.5 bn in IPO proceeds, according to a filing (pdf)<\/a> to the exchange. At the top of the range, the pricing would give Derayah Financial a market cap of SAR 7.49 bn at listing.<\/p>\n

REFRESHER-<\/strong> The first brokerage firm to hit the market is taking a 20% stake<\/a> to Tadawul in a Regulation S-compliant IPO open to both local and foreign institutional investors with a 10% clawback for retail investors. Some 49.95 mn company shares will be up for grabs in the secondary offering. Selling shareholders are set to rake in all of the proceeds from the sale after which their ownership will shrink to a combined 60.5% stake from 75.5%. <\/p>\n

Strong investor demand:<\/strong> The institutional tranche of the offering was fully covered within minutes of subscriptions opening yesterday, Bloomberg<\/a> reports, citing terms it has seen. The business information service didn\u2019t mention the oversubscription rate.<\/p>\n

The institutional offering will remain open until Sunday, 9 February, <\/strong>during which investors can book up to 12.5 mn shares, each with the minimum limit set at 100k, according to the prospectus (pdf)<\/a>.<\/p>\n

What\u2019s next:<\/strong> A three-day retail bookbuilding period is due to kick off on Thursday, 20 February, where retail investors will be allowed to subscribe to a maximum of 250k shares and a minimum of 10 each. The final allocation is slated for Thursday, 27 February, with excess funds set to be refunded by Tuesday, 4 March. <\/p>\n

ADVISORS-<\/strong> Our friends at HSBC Saudi Arabia are quarterbacking the transaction as the sole lead financial advisor, bookrunner, global coordinator, and lead manager, with Baker McKenzie acting for HSBC as the sole underwriter. Receiving agents include Derayah Financial Company, Alinma Investment, Al-Istithmar Capital, Aljazira Capital, Alkhabeer Capital, Al Rajhi Capital, ANB Capital, BSF Capital, GIB Capital, Riyad Capital, SAB Invest, Sahm Capital, SNB Capital, and Yaqeen Capital.<\/p>\n","protected":false},"excerpt":{"rendered":"

The transaction would give the company a market cap of SAR 7.49 bn at listing<\/p>\n","protected":false},"author":1,"featured_media":93996,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2542],"tags":[1841,10,29,2452],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-93995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-derayah-financial","tag-enterpriseam-ksa","tag-ipo-watch","tag-tadawul","wpautop","entry"],"acf":{"mongo_id":"a8a32ab7-03a9-4b82-9d9a-e8c24a891c03","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/1\/1750.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Derayah Financial prices Tadawul IPO at SAR 27-30 apiece","related_issue":[93990],"teaser":"The transaction would give the company a market cap of SAR 7.49 bn at listing","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.59386cd3-98a6-4fa5-9723-97bb933ace9d.mp3"},"yoast_head":"\nDerayah Financial prices Tadawul IPO at SAR 27-30 apiece - 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