Upcoming Dividend • May 17
Upcoming dividend of ر.س0.33 per share Eligible shareholders must have bought the stock before 24 May 2026. Payment date: 04 June 2026. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 5.9%. Within top quartile of Saudi dividend payers (5.9%). Higher than average of industry peers (2.5%). Reported Earnings • May 16
First quarter 2026 earnings released: EPS: ر.س0.40 (vs ر.س0.44 in 1Q 2025) First quarter 2026 results: EPS: ر.س0.40 (down from ر.س0.44 in 1Q 2025). Revenue: ر.س226.7m (up 8.9% from 1Q 2025). Net income: ر.س97.0m (down 8.7% from 1Q 2025). Profit margin: 43% (down from 51% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Capital Markets industry in Asia. Announcement • May 12
Derayah Financial Company announces Quarterly dividend, payable on June 04, 2026 Derayah Financial Company announced Quarterly dividend of SAR 0.3300 per share payable on June 04, 2026, ex-date on May 24, 2026 and record date on May 25, 2026. Announcement • Apr 30
Derayah Financial Company, Annual General Meeting, May 20, 2026 Derayah Financial Company, Annual General Meeting, May 20, 2026, at 20:15 Arab Standard Time. Location: riyadh Saudi Arabia Reported Earnings • Apr 03
Full year 2025 earnings released: EPS: ر.س1.64 (vs ر.س1.83 in FY 2024) Full year 2025 results: EPS: ر.س1.64 (down from ر.س1.83 in FY 2024). Revenue: ر.س928.1m (up 6.7% from FY 2024). Net income: ر.س400.2m (down 9.9% from FY 2024). Profit margin: 43% (down from 51% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Capital Markets industry in Asia. Buy Or Sell Opportunity • Jan 22
Now 26% overvalued Over the last 90 days, the stock has fallen 10% to ر.س26.48. The fair value is estimated to be ر.س21.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 12%. Buy Or Sell Opportunity • Dec 31
Now 22% overvalued Over the last 90 days, the stock has fallen 17% to ر.س25.62. The fair value is estimated to be ر.س21.03, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 12%. Announcement • Dec 04
Derayah Financial Company announces Quarterly dividend, payable on December 18, 2025 Derayah Financial Company announced Quarterly dividend of SAR 0.3300 per share payable on December 18, 2025, ex-date on December 09, 2025 and record date on December 10, 2025. Reported Earnings • Nov 17
Third quarter 2025 earnings released: EPS: ر.س0.41 (vs ر.س0.45 in 3Q 2024) Third quarter 2025 results: EPS: ر.س0.41 (down from ر.س0.45 in 3Q 2024). Revenue: ر.س235.9m (up 13% from 3Q 2024). Net income: ر.س99.7m (down 8.0% from 3Q 2024). Profit margin: 42% (down from 52% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Capital Markets industry in Asia. Announcement • Oct 07
Derayah Financial Company announces Quarterly dividend, payable on October 23, 2025 Derayah Financial Company announced Quarterly dividend of SAR 0.3300 per share payable on October 23, 2025, ex-date on October 14, 2025 and record date on October 15, 2025. Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ر.س31.34, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Capital Markets industry in Asia. Buy Or Sell Opportunity • Sep 16
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 1.8% to ر.س25.34. The fair value is estimated to be ر.س21.07, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last year, while earnings per share has been flat. Reported Earnings • Aug 13
Second quarter 2025 earnings released: EPS: ر.س0.44 (vs ر.س0.37 in 2Q 2024) Second quarter 2025 results: EPS: ر.س0.44 (up from ر.س0.37 in 2Q 2024). Revenue: ر.س233.8m (up 10% from 2Q 2024). Net income: ر.س107.1m (up 17% from 2Q 2024). Profit margin: 46% (up from 43% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Capital Markets industry in Asia. Buy Or Sell Opportunity • Aug 09
Now 20% overvalued Over the last 90 days, the stock has fallen 9.2% to ر.س25.96. The fair value is estimated to be ر.س21.63, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last year. Earnings per share has grown by 3.0%. Buy Or Sell Opportunity • Jul 24
Now 21% overvalued Over the last 90 days, the stock has fallen 16% to ر.س26.08. The fair value is estimated to be ر.س21.60, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last year. Earnings per share has grown by 3.0%. Announcement • Jul 22
Derayah Financial Company announces Quarterly dividend, payable on August 06, 2025 Derayah Financial Company announced Quarterly dividend of SAR 0.3300 per share payable on August 06, 2025, ex-date on July 28, 2025 and record date on July 29, 2025. Announcement • Jun 26
Derayah Financial Co. Approves Dividend Distribution Policy for Next Three Years Derayah Financial Co. at its Extraordinary General Assembly meeting held on June 23, 2025, approved the dividend distribution policy of the Company for the next three years, starting with the distribution of the first quarter of the fiscal year 2025G and ending with the fourth quarter of the fiscal year 2027G. Buy Or Sell Opportunity • Jun 25
Now 21% overvalued Over the last 90 days, the stock has fallen 27% to ر.س26.80. The fair value is estimated to be ر.س22.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last year. Earnings per share has grown by 3.0%. Announcement • Jun 03
Derayah Financial Company, Annual General Meeting, Jun 23, 2025 Derayah Financial Company, Annual General Meeting, Jun 23, 2025, at 18:45 Arab Standard Time. Location: riyadh Saudi Arabia Reported Earnings • May 20
First quarter 2025 earnings released: EPS: ر.س0.44 (vs ر.س0.46 in 1Q 2024) First quarter 2025 results: EPS: ر.س0.44 (down from ر.س0.46 in 1Q 2024). Revenue: ر.س208.3m (down 4.1% from 1Q 2024). Net income: ر.س106.2m (down 6.8% from 1Q 2024). Profit margin: 51% (down from 53% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Capital Markets industry in Asia. Announcement • Apr 24
Derayah Financial Company Proposes Its Dividends Distribution Policy for the Next Three Years for the Financial Years Ending on 31 December 2025, 31 December 2026, and 31 December 2027 Derayah Financial Company announced that the Board of Directors on 24/10/1446H (corresponding to 22 April 2025G), has approved the Company's dividends distribution policy for the next three years. The dividends distribution policy remains subject to the approval in the upcoming general assembly meeting, which will be announced at a later stage. The dividends distribution policy is as follows: Derayah Financial Company is committed to distributing: (i) no less than an amount of SAR 1.30 [one Saudi Riyal and 30 Halala] per share for the financial year ending on 31 December 2025; and (ii) no less than 60% of the annual distributable profits for the financial years ending on 31 December 2026, and 31 December 2027. The distributions will be made on a quarterly basis, which will commence from the first quarter of 2025 and will end at the fourth quarter of 2027. The Board of Directors may consider making distributions that exceed the minimum set out above, based on the financial results for the relevant period, the Company's capital requirements, and other relevant circumstances. The dividend distribution policy is subject to alterations based on any significant changes in (i) the Company's strategy and operations, (ii) the regulatory requirements it is subject to including requirements relating to financial solvency, or (iii) contractual covenants of a financial nature, which the Company may be subject to from time to time. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ر.س31.25, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 16x in the Capital Markets industry in Asia. Reported Earnings • Mar 27
Full year 2024 earnings released: EPS: ر.س1.83 (vs ر.س1.32 in FY 2023) Full year 2024 results: EPS: ر.س1.83 (up from ر.س1.32 in FY 2023). Revenue: ر.س869.9m (up 40% from FY 2023). Net income: ر.س443.9m (up 35% from FY 2023). Profit margin: 51% (down from 53% in FY 2023). The decrease in margin was driven by higher expenses. Board Change • Mar 11
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. 
