DRC shareholders also ratify employee stock ownership plan
Digital Research Co. (DRC) said its shareholders approved the board of directors’ recommendation to increase capital by 75%, from SAR 16.88 million to SAR 29.53 million during an extraordinary general assembly meeting (EGM) on June 28, according to a Tadawul filing. 
The capital increase will be carried out through the capitalization of the entire share premium balance of SAR 12.5 million and SAR 158,290 from the statutory reserve, through a 3-for-4 bonus share issue.
Capital Increase Details
Current Capital
SAR 16.88 mln
Number of Shares
1.68 mln
Percentage of Increase
75% (three bonus shares for every four owned)
New Capital
SAR 29.53 mln
New Number of Shares
2.95 mln
Value of Reserve
Capitalization of SAR 12.50 mln in issue premium and SAR 158,290 from statutory reserve
Record date
June 28, 2026 (shareholders registered with Edaa at the end of the second trading day following the record date)
Reason
To support the company’s capital and strengthen its financial position
Fractional shares, if any, will be compiled into one portfolio for all shareholders and will be offered at the market price. Proceeds will be distributed among entitled shareholders pro rata within 30 days maximum.
Shareholders also approved the employee stock incentive program (ESIP) and authorized the board of directors with full powers to implement it.
They also approved retaining the treasury shares, totaling 136,350, for 10 years.
In a separate statement,Tadawulsaid the fluctuation limits, on June 29, will be based on a share price ofSAR 25.66 and the outstanding orders will be canceled. Furthermore, the Securities Depository Center (Edaa) will deposit the addition shares into the investor’s portfolios by July 1.
DRC shareholders also ratify employee stock ownership plan
Digital Research Co. (DRC) said its shareholders approved the board of directors’ recommendation to increase capital by 75%, from SAR 16.88 million to SAR 29.53 million during an extraordinary general assembly meeting (EGM) on June 28, according to a Tadawul filing.
The capital increase will be carried out through the capitalization of the entire share premium balance of SAR 12.5 million and SAR 158,290 from the statutory reserve, through a 3-for-4 bonus share issue.
Capital Increase Details
Current Capital
SAR 16.88 mln
Number of Shares
1.68 mln
Percentage of Increase
75% (three bonus shares for every four owned)
New Capital
SAR 29.53 mln
New Number of Shares
2.95 mln
Value of Reserve
Capitalization of SAR 12.50 mln in issue premium and SAR 158,290 from statutory reserve
Record date
June 28, 2026 (shareholders registered with Edaa at the end of the second trading day following the record date)
Reason
To support the company’s capital and strengthen its financial position
Fractional shares, if any, will be compiled into one portfolio for all shareholders and will be offered at the market price. Proceeds will be distributed among entitled shareholders pro rata within 30 days maximum.
Shareholders also approved the employee stock incentive program (ESIP) and authorized the board of directors with full powers to implement it.
They also approved retaining the treasury shares, totaling 136,350, for 10 years.
In a separate statement,Tadawulsaid the fluctuation limits, on June 29, will be based on a share price ofSAR 25.66 and the outstanding orders will be canceled. Furthermore, the Securities Depository Center (Edaa) will deposit the addition shares into the investor’s portfolios by July 1.
