Derayah Financial to launch 5-6 new investment funds: CEO

Mohammed AlShammasi, CEO of Derayah Financial Co.

Derayah Financial Co.’s CEO Mohammed AlShammasi said that the company aims to launch between 5 and 6 new investment funds, including a private credit fund for the local market, two cyclical investment funds, and approximately 3 real estate funds.

He also noted that noting that Derayah Financial seeks to attract more than SAR 1.5 billion from these funds.

In an interview with Al-Ekhbariya TV, AlShammasi said the company is working to launch five new initiatives in the financial brokerage sector, including two initiatives for retail trading in the local market, as well as three initiatives related to institutional clients in local markets.

He explained that the decline in profit and rise in operating expenses during the first quarter of 2026 are due to increased marketing expenses resulting from the launch of a campaign aimed at changing the prevailing business model through the free trading initiative for local stocks.

Moreover, the company’s increased spending on developing new products and services—both on the technical side and through training and hiring new staff—has also led to higher operating expenses, said the CEO, noting that once these products and services come on stream, they are expected to have a positive impact on the company.

AlShammasi further stated that D360 Bank incurring operating losses in its early years is considered normal, pointing out that the bank was still in a revenue growth phase to cover operating costs during the previous period.

The bank will begin to recover and build revenue in the next phase with the launch of lending activities. It has attracted about 3 million customers and reached a deposit volume of SAR 3 billion by the end of April 2026, since the start of commercial operations in December 2024, he added.

The CEO projected that the bank will reach breakeven point by the end of 2027 and begin generating profit in 2028.

According to Argaam's data, Darayah Financial’s profit fell to SAR 97 million by the end of Q1 2026, down 9% from SAR 106.2 million during the same period in 2025, as the company recorded a loss of SAR 29.7 million from its investment in D360 Bank.