Logo ofDigital Research Co. (DRC)
Shares ofDigital Research Co. (DRC) started trading on theNomu-Parallel Market today, Dec. 11,with the symbol 9621 and ISIN Code SA165H9KMAH8,at SAR 83 apiece. 
The stock will trade with daily and static price fluctuation limits of +/-30% and +/-10%, respectively.
DRC earlier floated 337,500 shares on Nomu, representing 20% of its post-IPO capital, with a coverage ratio of 312.66%.
This is the 28th listing on Nomu this year, including three direct listings and 25 offerings to qualified investors.
Last year, Nomu witnessed 35 IPOs, including six direct listings and 29 offerings to qualified investors, in addition to one REIT.
DRC will bring the number of listed companies on Nomu to 103, in addition toAlwaha REIT Fund.
Key Background
DRC was established in 2024 as a Saudi consulting company, headquartered in Riyadh. Its current actual activity, as per the prospectus, is to providethe 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 specialized 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
Post-IPO Number of Shares
1.68 mln
Par Value
SAR 10/share
Company Shareholders
Shareholder
Pre-IPO
Post-IPO
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%
DRC (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%
Logo ofDigital Research Co. (DRC)
Shares ofDigital Research Co. (DRC) started trading on theNomu-Parallel Market today, Dec. 11,with the symbol 9621 and ISIN Code SA165H9KMAH8,at SAR 83 apiece.
The stock will trade with daily and static price fluctuation limits of +/-30% and +/-10%, respectively.
DRC earlier floated 337,500 shares on Nomu, representing 20% of its post-IPO capital, with a coverage ratio of 312.66%.
This is the 28th listing on Nomu this year, including three direct listings and 25 offerings to qualified investors.
Last year, Nomu witnessed 35 IPOs, including six direct listings and 29 offerings to qualified investors, in addition to one REIT.
DRC will bring the number of listed companies on Nomu to 103, in addition toAlwaha REIT Fund.
Key Background
DRC was established in 2024 as a Saudi consulting company, headquartered in Riyadh. Its current actual activity, as per the prospectus, is to providethe 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 specialized 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
Post-IPO Number of Shares
1.68 mln
Par Value
SAR 10/share
Company Shareholders
Shareholder
Pre-IPO
Post-IPO
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%
DRC (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%
