Burgerizzr retail subscription 6,646% covered, final offer price at SAR 165/share

02/09/2021 Argaam

Logo of Burgerizzr

Emirates NBD Capital KSA, in its capacity as the financial advisor and lead manager for the initial public offering (IPO) for Mataam Bayt AlShatira Lilwajbat Alsariya (Burgerizzr), announced the completion of the book-building process to the offered shares and the setting of the final offer price at SAR 165 per share, with a coverage ratio amounting to 6,646% of the total offer shares.

 

According to a bourse filing, a total of 725,000 ordinary shares were fully subscribed, representing 29% of the company’s total shares, during the offering/book-building period, which started on Aug. 15 and ended on Aug. 23.

 

Emirates NBD Capital KSA will coordinate with Tadawul to decide on the date for listing the shares of Burgerizzr on the parallel market – Nomu.

 

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