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Value Capital Company

03 December, 2024 15:50

Value Capital Company announces the Results of the Offering Process for the shares of Digital Research Company (DRC)

Element ListExplanation
Announcement Detail Value Capital, as a Financial Advisor and Lead Manager for the Offering of Digital Research Company (the “Company” or “DRC”) on the Parallel Market “Nomu”, announces that the Offering has been concluded, and the offering for the total of (337,500) ordinary shares representing (20.00%) of the issued share capital of the Company after offering (the “Offer Share”). The Offering Price was determined at (83) SAR per share. With a coverage of 312.66% of the total shares offered during the subscription period from Monday 23-05-1446H (corresponding to 25-11-2024G) to Sunday 30-05-1446H (corresponding to 01-12-2024G). Value Capital, as Financial Advisor and Lead Manager will finalize the required procedures with the Saudi Stock Exchange and then determine the date for listing of the shares of Digital Research Company on the Parallel Market “Nomu”. Information and details regarding the Offering are available in the prospectus of the Company, please visit the Capital Market Authority website: https://cma.org.sa/Market/Prospectuses/Documents/drc_analytics_ar.pdf

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