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Daraya plans to boost Dala 360 Bank's capital by 100 million Riyals
Darya Financial Company announced its approval to increase the capital of D360 Bank by 38.89%, from 2.1 billion riyals to 2.92 billion riyals, through the issuance of 72.92 million shares at a price of 20.57 riyals per share. The company will participate in the funding with an investment of 100 million riyals from its own resources, and its ownership stake will decrease from 20.4% to 16.35% after the increase, which is valued at approximately 980 million riyals based on the bank's valuation of 6 billion riyals. The increase aims to support expansion in financing and digital banking services. Since beginning its operations in December 2024, the bank has experienced growth, gathering deposits totaling 3 billion riyals up to April 2026.
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