Digital Research debuts on Nomu today at SAR 83/share

Logo of Digital Research Co. (DRC)

Shares of Digital Research Co. (DRC) started trading on the Nomu-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.

For More IPOs

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 to Alwaha 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 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.