• Derayah Financial Co. experienced a remarkable debut on the Saudi stock exchange, with shares soaring to 39 riyals, a 30% increase from the initial offer price of 30 riyals. This surge followed a successful initial public offering (IPO) that raised 1.5 billion riyals ($400 million), indicating robust demand for new listings in the region. The strong performance aligns with a broader trend of heightened investor interest in Saudi IPOs, as evidenced by record-breaking order volumes for recent offerings, surpassing previous benchmarks set by major players like Saudi Aramco.

• The IPO's success reflects a growing appetite for investment opportunities in Saudi Arabia, particularly in the financial services sector. With 27 potential listings anticipated in 2025, the Saudi market is positioned to lead the MENA region in IPO activity. This trend not only enhances Derayah's market position but also signals a competitive landscape where investor confidence is bolstered by strong returns from previous IPOs, potentially attracting more companies to consider going public in the near future.