The shares of the digital research company “DRC” listed in the parallel Saudi stock market “growth” by 0.41% during the Saudi market transactions today, Thursday, to trade at the price of 72.80 riyals per share, after signing a contract to provide research services with the Zakat, Tax and Customs Authority.
The trading on the share of the DVA (DRC) at that time was at 77 shares with a value of trading 5.6 thousand riyals.
The increase in the stock price came after the DVA announced that it signed a contract to provide research and consulting services with the Zakat, Tax and Customs Authority on February 26, 2025.
The company explained that the value of the contract represents 5% of its total revenues in accordance with the audited financial statements for the fiscal year 2023, including the value -added tax.
The company also confirmed that the contract extends for 12 months of Gregorian, starts from April 6, 2025, and aims to provide research and consulting services to support the work of the authority.
The company expected that this contract would have a positive financial impact on its financial data during the year 2025.
The Digital Research Company (known as “DRC”) is a public joint stock company listed in the trading of Saudi Arabia within the “parallel market” (growth) since December 2024.
“DRC” works in the industry, transport and services sector, with a focus on providing advisory and research services. The company’s headquarters is located in Riyadh, Saudi Arabia, and it was established in June 2014.
