Burgerizzr deposits proceeds from fractional shares sale

Shatirah House Restaurant Co. (Burgerizzr) completed, on Aug. 2, depositing around SAR 14,350 proceeds from the sale of fractional shares in the accounts of eligible shareholders, according to a bourse statement.

The company sold 125 shares at an average price of SAR 115 each.

Burgerizzr shareholders approved, on June 30, the board’s recommendation to increase capital by 40% via a bonus issue at two shares for every five shares held, according to Argaam.