Riyadh – In a significant development for the Saudi stock markets, Derayah Financial’s shares were listed and began trading today, Monday, on the main market at an initial offering price of SAR 30 per share.
Upon opening, the shares surged by the maximum allowed limit of 30%, reaching SAR 39 per share, reflecting robust investor demand.
Derayah Financial dominated the trading volume early in the session, with transactions worth SAR 87.75 million and approximately 2.25 million shares changing hands. The company had offered 50 million shares to the public, constituting 20% of its equity, with Al Olayan Investments being the main investor in the initial public offering.
The shares of Derayah Financial were listed under the trading code 4084 and the international symbol “SA1690F1VQ15”. Price fluctuation limits were set at 30% for the first three days of listing. Starting from the fourth day, these limits will be adjusted to 10%, either upwards or downwards.
