Duraya Financial, a prominent digital investment platform based in Saudi Arabia, has revealed plans to offer 20% of its shares for an initial public offering (IPO) on the Tadawul main market. This strategic move aims to strengthen the company's position in the financial market and increase investor participation.
IPO Details and Approval HSBC Saudi Arabia, acting as the financial advisor and lead underwriter, confirmed that it has received approval from Tadawul Saudi Arabia to list Duraya’s shares. The offering will consist of 49.94 million shares, representing 20% of the total shares of the company.
Share Allocation for Individual and Institutional Investors The majority of shares will be allocated to institutional investors, while 10% will be set aside for individual investors. This provides an exciting opportunity for individuals to participate in the IPO.
About Duraya Financial Founded in 2009, Duraya Financial has become a leader in Saudi Arabia’s independent digital investment sector. Offering services in financial brokerage, asset management, and wealth management, the company enables access to 43 local, regional, and international markets, positioning itself as a competitive player in the investment landscape.
