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Digital Research Company announces the Board's Recommendation to Increase the Capital by Granting Bonus Shares.
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1447/11/04 21/04/2026 15:41:55
| Element List | Explanation |
|---|---|
| Introduction | Digital Research Company announces the Board's of Directors resolution dated 21-04-2026 to increase the company share capital by 75% through the issuance of bonus shares. |
| Date of Board Meeting | 2026-04-21 Corresponding to 1447-11-04 |
| Capital before increase | 16875000 |
| Capital after increase | 29531250 |
| Percentage of Capital increase | 75 % |
| Number of shares before Capital increase | 1687500 |
| Number of shares after Capital increase | 2953125 |
| Reasons for the increase | By increasing the capital, the company aims to strengthen the company's capital base and enhance its financial position. |
| Number of Shares Granted per Exiting Share | Three (3) Bonus shares will be granted to each shareholders who owns four (4) shares. |
| Nature and Value of Reserves Used in the Capitalization | Capitalizing the full share premium balance of SAR 12,497,965 and partial statotory reserve balance of SAR 158,285. |
| Eligibility Date | Eligibility for the bonus shares shall be for shareholders who own the shares on the date of the Extraordinary General Assembly meeting and are registered in the company's shareholders register with the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of the Extraordinary General Assembly that resolves the capital increase. |
| Fractional Shares | In the event of fractional shares, such fractions will be aggregated into a single portfolio for all shareholders and sold at market price, and the proceeds will be distributed to the shareholders entitled to the bonus shares, each according to their entitlement, within a period not exceeding 30 days from the date of determining the shares due to each shareholder |
| Approvals | The bonus share distribution is subject to obtaining the approval of the relevant competent authorities and the Extraordinary General Assembly on the capital increase and the number of shares to be granted |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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