AI Summary
The capital increase will support Burgerizzr’s growth and strengthen its financial position
The decision was made during the extraordinary general meeting (EGM), held on Jan. 1, according to a Tadawul statement.
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Capital Increase Details |
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Current Capital |
SAR 35 mln |
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Number of Shares |
35 mln |
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Percentage of Increase |
60% |
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New Capital |
SAR 56 mln |
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Number of Shares |
56 mln |
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Reasons |
Keeping pace with the company's growth and business expansion as well as strengthening its financial position |
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Method |
3:5 bonus issue |
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Nature & Value of Reserves |
The capital increase will be carried out through the capitalization of SAR 21 million from retained earnings. |
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Record Date |
Jan. 1, 2026 (Shareholders registered with Edaa at the end of the second trading day following the EGM) |
Any fractional shares will be combined into a single portfolio for all shareholders and sold at market price.
The proceeds will then be distributed to eligible shareholders, each according to their respective ownership, within a period not exceeding 30 days from the date of determining the new shares eligible for each shareholder.
Burgerizzr said shareholders also approved the addition of a new article to the company’s bylaws related to the company’s purchase, sale, and pledge of its own shares.
Meanwhile, the Saudi Exchange (Tadawul) announced that the company’s share price fluctuation limits were calculated based on a price of SAR 9.19 for Jan. 4 and that all outstanding orders were canceled.
The Securities Depository Center Co. (Edaa) will credit the bonus shares to shareholders’ portfolios before the start of trading on Jan. 6.
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