SAUDI ARABIA: The retail portion of the IPO for independent digital investment platform Derayah Financial will open on the 20th February 2025 and close three days later, after the institutional portion was earlier announced as being 162 times oversubscribed. The final offer price was set at SAR30 (US$8) per share for the 49.94 million shares offering, representing 20% of the company’s share capital – pointing to a market capitalization at listing of SAR7.5 billion (US$2 billion).
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