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.
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
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Company Profile |
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Company |
Digital Research Co. (DRC) |
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Market |
Nomu-Parallel Market |
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Core Activities |
A consulting company specializing in data analysis and market research |
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Pre-IPO Capital |
SAR 15 mln |
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Number of Shares |
1.5 mln |
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Post-IPO Capital |
SAR 16.88 mln |
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Number of Shares after IPO |
1.68 mln |
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Par Value |
SAR 10/share |
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IPO Summary |
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Issue Percentage |
22.5% of pre-IPO capital 20% of post-IPO capital |
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Offered Shares |
377,500 |
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IPO Minimum Limit |
10 shares |
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IPO Maximum Limit |
84,360 shares |
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Offer Period |
Nov. 25 to Dec. 1, 2024 |
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Final Allocation |
Dec. 4, 2024 |
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Surplus Refund (if any) |
Dec. 8, 2024 |
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Company Shareholders |
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Shareholders |
Pre-IPO |
Post-IPO |
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Number of Shares (‘000) |
Ownership (%) |
Number of Shares (‘000) |
Ownership (%) |
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Walid Khaled Ahmed Al-Sulaiman |
282.53 |
18.84% |
251.45 |
14.90% |
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Mansour Ayed Hassan Al-Qahtani |
349.78 |
23.32% |
311.30 |
18.45% |
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Abdulaziz Saud Mutab Al-Sabhan |
166.56 |
11.10% |
148.24 |
8.78% |
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Mohammed Ahmed Abdullah Al- Qurayshi |
111.04 |
7.40% |
98.83 |
5.86% |
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Digital Research Co. (Treasury Shares) |
136.35 |
9.09% |
136.35 |
8.08% |
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Others owning less than 5% (32 shareholders) |
453.74 |
30.25% |
403.83 |
23.93% |
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The public (Qualified investors) |
-- |
-- |
337.50 |
20.00% |
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Total |
1500.00 |
100% |
1687.50 |
100% |
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Financial Advisor & Lead Manager |
Value Capital |
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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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