Derayah Financial lands SAR 300M Shariah-compliant credit facility from ANB
What's the deal? Derayah FinancialDealroom has a profile for this one. Try Dealroom → has signed a Shariah-compliant credit facility worth SAR 300 million ($80 million) with Arab National BankDealroom has a profile for this one. Try Dealroom → (ANB).
The deal, secured by a promissory note, became effective on June 25, 2026 and runs until October 31, 2026.
Derayah said it will use the funds to support core operating activities, including expanding its brokerage business and strengthening its product offering.
Why now? The facility is extendable, giving Derayah flexibility as it scales operations.
Alongside the new agreement, Derayah renewed an existing SAR 54 million Shariah-compliant facility with ANB. That lifts total credit extended by the bank to the company to SAR 354 million.
What could go wrong? The facility is short-term, expiring at the end of October 2026 unless extended. Backing growth with debt rather than equity adds repayment obligations, leaving less room for error if brokerage expansion stalls.
The signal: ANB's decision to lift its total credit support to SAR 354 million signals confidence in Derayah, a late-stage financial services firm now leaning on a corporate banking partner rather than equity to fund expansion. The deepening relationship reflects how Saudi Arabia's maturing scaleups are tapping local banks to build out the kingdom's capital markets infrastructure.
Read more: Argaam
Image credit: MNmagic
