The Saudi Arabia Capital Market Authority has approved Digital Research Company's request to increase its capital from SAR 16,875,000 to SAR 29,531,250 by issuing three bonus shares for every four existing shares held by shareholders registered at the Security Depository Center as of the close of the second trading day after a due date to be set later by the company's board, with the increase funded by transferring SAR 158,285 from the statutory reserve account and SAR 12,497,965 from the share premium account to capital, raising outstanding shares from 1,687,500 to 2,953,125, while requiring the extraordinary general assembly to be held within six months of the approval and the company to satisfy all regulatory requirements and applicable laws.
Saudi Arabia Capital Markets Authority 2026-05-11
Saudi Arabia Capital Market Authority approves Digital Research capital increase to SAR 29.53 million through bonus share issue
The Saudi Arabia Capital Market Authority has approved Digital Research Company's capital increase from SAR 16,875,000 to SAR 29,531,250 through the issuance of three bonus shares for every four existing shares. The increase will be funded by transfers from the statutory reserve and share premium accounts, raising outstanding shares from 1,687,500 to 2,953,125, and is conditional on an extraordinary general assembly being held within six months and compliance with all regulatory requirements.