‎Burgerizzr EGM approves 60% capital hike via bonus issue

Shatirah House Restaurant Co.’s (Burgerizzr) shareholders approve the board of directors’ recommendation to raise capital by 60%, raising it from SAR 35 million to SAR 56 million via bonus issue.

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

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, businessexpansion and 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 on 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.

Shatirah House Restaurant Co.’s (Burgerizzr) shareholders approve the board of directors’ recommendation to raise capital by 60%, raising it from SAR 35 million to SAR 56 million via bonus issue.

The decision was made during the extraordinary general meeting (EGM), held on Jan. 1, according to a Tadawul statement.

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, businessexpansion and 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 on 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.