- In addition to HSBC Saudi Arabia’s announcement of the price range and Start of Institutional Book-building Period for the Initial Public Offering of Derayah Financial Company (“Derayah” or the “Company”), HSBC Saudi Arabia announces on behalf of the Company in its capacity as Sole Financial Advisor, Bookrunner, Underwriter and Lead Manager on the potential initial public offering (the “Offering”) of the Company, the cornerstone investment agreements with Olayan Saudi Investment Company (the “Cornerstone Investor”) in which the Cornerstone Investor have committed to subscribe to 4,687,500 Offer shares at the offer price (“Cornerstone Investment”) representing 1.88%, of the Company’s share capital after the Offering, and publication of the supplementary prospectus.

- The price range for the Offering has been set at SAR (27.0 – 30.0) per share (the “Price Range”).

- The Offering is comprised of the issuance of forty-nine million nine hundred forty-seven thousand thirty-nine (49,947,039) ordinary Shares representing 20.0% of the Company’s share capital (the “Offer Shares”).

- The minimum number of Offer shares to be applied for by the Participating Parties is one hundred thousand (100,000) shares., while the maximum number of shares is twelve million, four hundred and eighty-six thousand, seven hundred and fifty-nine (12,486,759) shares.

- The participation in the book-building process is confined to the Participating Parties in accordance with the Instructions for Book Building Process and Allocation Method in Initial Public Offerings issued by the Board of the Capital Market Authority.

- The final price per Offer Share will be determined after the completion of the book-building process, to be followed by the Individual Subscribers subscription process, the number of Offer Shares to be provisionally allocated to Participating Parties is forty-nine million nine hundred forty-seven thousand thirty-nine (49,947,039) Offer Shares, representing 100% of the total Offer Shares. Final allocation of the Offer Shares will be made after the end of the subscription period for Individual Subscribers. If there is sufficient demand by Individual Subscribers the lead manager, may reduce the number of Offer shares allocated to Participating Parties to a minimum of forty-four million nine hundred fifty-two thousand three hundred thirty-five (44,952,335) shares, representing 90% of the total Offer Shares, provided that such claw-back does not apply to the Cornerstone Investor being four million six hundred eighty-seven thousand five hundred (4,687,500) shares in all cases. As such, forty million two hundred sixty-four thousand eight hundred thirty-five (40,264,835) Offer Shares will be allocated to participating parties excluding the Offer Shares allocated to the Cornerstone Investor and Individual Investors The Financial Advisor, in coordination with the Company, shall determine the number and percentage of Offer Shares to be allocated to Participating Parties using the discretionary share allocation mechanism. The Company and its Financial Advisor may decide, at their discretion, not to allocate any shares to certain tranches of the Participating Parties..

- The bidding and book-building period for Participating Parties started from Sunday 2 February 2025 and closes at 2:00PM KSA time on Sunday 9 February 2025.

For more information and for the prospectus, please visit the Capital Market Authority website (www.cma.org.sa) and Derayah’s website (https://web.derayah.com/en/).