The digital investment platform in Saudi Arabia, Derayah Financial, announced that it has signed a binding investment undertaking agreement with the main investor, Olayan Saudi Investment Company (OSIC), and issued a supplementary prospectus for its initial public offering (IPO).
The company stated that Olayan Saudi Investment Company has agreed to purchase about 4,687,500 shares of the offering at the final price, which will account for 1.88% of the business’s capital once the offering is over.
Moreover, with a price range of SAR 27 to SAR 30 per share, Derayah Financial’s offering…
