Logo of Shatirah House Restaurant Co. (Burgerizzr)
Shatirah House Restaurant Co. (Burgerizzr) has successfully completed the acquisition of a 60% equity stake in Coffee Bean Trading Co. (SHOVEL), a café brand operating seven branches across Saudi Arabia. 
Coffee Bean owns the SHOVEL brand, which specializes in the café sector and aims to expand its presence and build a strong brand in the market, Burgerizzer said in a statement on Tadawul.
The acquisition, which was first announced in August 2025, was executed through the purchase of shares from existing partners and a capital increase, raising Coffee Bean’s capital from SAR 25,000 to approximately SAR 2.61 million. The financial impact of the transaction will be reflected in Burgerizzer’s consolidated financial statements for the year ending 2025.
The strategic acquisition supports Burgerizzer’s growth plan to enter the café sector, expand operations, and strengthen its brand portfolio. It is expected to enhance shareholder value while reinforcing the company’s commitment to broadening its product offerings and market presence.
The transaction was funded through the company’s own resources and is subject to fulfillment of all contractual requirements and obtaining necessary regulatory approvals in Saudi Arabia.
Logo of Shatirah House Restaurant Co. (Burgerizzr)
Shatirah House Restaurant Co. (Burgerizzr) has successfully completed the acquisition of a 60% equity stake in Coffee Bean Trading Co. (SHOVEL), a café brand operating seven branches across Saudi Arabia.
Coffee Bean owns the SHOVEL brand, which specializes in the café sector and aims to expand its presence and build a strong brand in the market, Burgerizzer said in a statement on Tadawul.
The acquisition, which was first announced in August 2025, was executed through the purchase of shares from existing partners and a capital increase, raising Coffee Bean’s capital from SAR 25,000 to approximately SAR 2.61 million. The financial impact of the transaction will be reflected in Burgerizzer’s consolidated financial statements for the year ending 2025.
The strategic acquisition supports Burgerizzer’s growth plan to enter the café sector, expand operations, and strengthen its brand portfolio. It is expected to enhance shareholder value while reinforcing the company’s commitment to broadening its product offerings and market presence.
The transaction was funded through the company’s own resources and is subject to fulfillment of all contractual requirements and obtaining necessary regulatory approvals in Saudi Arabia.
