Burgerizzr gets CMA's nod on 40% capital increase via bonus issue

19/05/2022 Argaam

Logo of Shatirah House Restaurant Co.’s (Burgerizzr)

Shatirah House Restaurant Co. (Burgerizzr) got the approval of the Capital Market Authority (CMA) to increase its capital to SAR 35 million from SAR 25 million through a 40% bonus issue.

 

The capital increase will be financed through the capitalization of SAR 15 billion from the retained earnings via distributing three bonus shares for every five shares held.

 

Entitlement to the bonus share distribution will be to shareholders of record with the Securities Depository Center Company (Edaa) at the end of the second trading day.

 

The company's extraordinary general assembly will be held within six months from this approval.

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