Mohammed AlShammasi, CEO of Derayah Financial, expects D360 Bank, in which the company held a 20.4% stake as of March 31, 2026, to reach financial breakeven in Q4 2027.
aIn an interview with Al Arabiya, AlShammasi said Derayah is still completing its integration with the digital bank. Work has begun on integrating back-office systems, while front-office integration is currently being enhanced.
He added that the bank has surpassed 3.4 million customers, with customer deposits exceeding SAR 4 billion and loans topping SAR 700 million. These indicators point to the bank’s transition from the development phase to generating new revenue streams.
Regarding the company’s financial results, AlShammasi said Derayah attracted more than 34,000 customers in Q3 2026, marking its best performance in eight quarters.
He noted that the company had relaunched its digital ecosystem and platform in a new format, while improving the customer experience and simplifying the process of opening investment accounts.
Derayah offers a range of fee-free services, not just commission-free trading, as well as returns on certain investments held by the company, noting that these services had helped attract customers.
He added that Derayah continued to invest in its infrastructure, particularly technology projects and marketing, to improve the customer experience and strengthen customer engagement with the company.
Derayah’s net profit fell 3% to SAR 303.16 million in the first nine months of 2026, compared to SAR 311.61 million in the same period of 2025. Meanwhile, Q3 net profit rose approximately 6% to SAR 105.37 million, according to Argaam data.
