AI Summary
Logo of Shatirah House Restaurant Co. (Burgerizzr)
The Securities Depository Center Co. (Edaa) announced implementing a securities quantity increase for Shatirah House Restaurant Co.’s (Burgerizzr) on the center’s accounts of eligible shareholders.
According to a statement to Tadawul, the increase will be applied today, Jan. 6.
Burgerizzr shareholders recently approved the board of directors’ recommendation to raise capital by 60% from SAR 35 million to SAR 56 million via a bonus issue, as follows:
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Capital Increase Details |
|
|
Current Capital |
SAR 35 mln |
|
Number of Shares |
35 mln |
|
Percentage of Increase |
60% |
|
New Capital |
SAR 56 mln |
|
Number of Shares |
56 mln |
|
Reasons |
Keeping pace with the company's growth and business expansion as well as strengthening its financial position |
|
Method |
3:5 bonus issue |
|
Nature & Value of Reserves |
The capital increase will be carried out through the capitalization of SAR 21 million from retained earnings. |
|
Record Date |
Jan. 1, 2026 (Shareholders registered with Edaa at the end of the second trading day following the EGM) |
The Saudi Exchange (Tadawul) announced that the company’s share fluctuation limit was set at SAR 9.19 on Jan. 4, and all pending orders were canceled.
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