Digital Research issues prospectus to float 337,500 shares on Nomu

Logo of Digital Research Co. (DRC)

Digital Research Co. (DRC) issued today, Nov. 3, the prospectus to float 337,500 shares, representing 20% of its post-IPO capital of SAR 15 million (22.5% of pre-IPO capital) on the Nomu-Parallel Market.

For More IPOs

The company's post-IPO capital will increase to SAR 16.88 million, divided into 1.88 million shares at a par value of SAR 10 each.

The share sale will run for seven working days from Nov. 25 to Dec. 1. It will be limited to qualified investors on Nomu.

The Capital Market Authority (CMA) approved, on Sept. 12, the company's application to float its shares on Nomu.

DRC was established in 2024 as a Saudi consulting company, headquartered in Riyadh. Its current actual activity is to provide the following:

- Market research services: Including brand and communication research, customer experience research, product development research, opinion polls, and ghost shopping.

- Consulting services: Including strategic consulting, performance management consulting, business consulting, operations excellence consulting, customer service, institutional transformation consulting, and economic consulting studies.

- Data solutions services: Including data engineering and modeling, cloud data solutions, and robotic automation solutions

Company Profile
Company	Digital Research Co. (DRC)
Market	Nomu-Parallel Market
Core Activities	A consulting company specializing in data analysis and market research
Pre-IPO Capital	SAR 15 mln
Number of Shares	1.5 mln
Post-IPO Capital	SAR 16.88 mln
Number of Shares after IPO	1.68 mln
Par Value	SAR 10/share

IPO Summary
Issue Percentage	22.5% of pre-IPO capital 20% of post-IPO capital
Offered Shares	377,500
IPO Minimum Limit	10 shares
IPO Maximum Limit	84,360 shares
Offer Period	Nov. 25 to Dec. 1, 2024
Final Allocation	Dec. 4, 2024
Surplus Refund (if any)	Dec. 8, 2024

Company Shareholders
Shareholders		Pre-IPO		Post-IPO
Shareholders		Number of Shares (‘000)	Ownership (%)	Number of Shares (‘000)	Ownership (%)
Walid Khaled Ahmed Al-Sulaiman		282.53	18.84%	251.45	14.90%
Mansour Ayed Hassan Al-Qahtani		349.78	23.32%	311.30	18.45%
Abdulaziz Saud Mutab Al-Sabhan		166.56	11.10%	148.24	8.78%
Mohammed Ahmed Abdullah Al- Qurayshi		111.04	7.40%	98.83	5.86%
Digital Research Co. (Treasury Shares)		136.35	9.09%	136.35	8.08%
Others owning less than 5% (32 shareholders)		453.74	30.25%	403.83	23.93%
The public (Qualified investors)		--	--	337.50	20.00%
Total		1500.00	100%	1687.50	100%
Additional Information
Financial Advisor & Lead Manager	Value Capital
Receiving Entities	Alistithmar Capital, Alinma Investment, SNB Capital, AlJazira Capital, Riyad Capital, ANB Capital, Albilad Capital, Al Rajhi Capital, Derayah Financial, Saudi Fransi Capital, SAB Invest, Alkhabeer Capital, Sahm Capital, Yaqeen Capital

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