Logo of Shatirah House Restaurant Co. (Burgerizzr)

Shatirah House Restaurant Co.’s (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 a bourse filing.

 

Bonus Issues Details

Current Capital

SAR 25 mln

Number of Shares

2.5 mln

Percentage of Increase

40% (Two bonus shares for every five shares held)

New Capital

SAR 35 mln

Number of Shares

3.5 mln

Reason

To keep up with company's growth, expand its business and enhance its financial position

Method

Through capitalizing SAR 10 million from retained earnings 

Record Date

June 30, 2022, including shareholders registered with Edaa on the second trading day after the EGM.
 

In a statement, the Saudi Exchange (Tadawul) said that Burgerizzr’s daily trading fluctuation limit after its capital raise will be based on a share price of SAR 126.40 as of today, July 3. Accordingly, the outstanding orders will be canceled.

 

The Securities Depository Center (Edaa) will deposit the bonus shares into investor portfolios on July 5.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

Burgerizzr shareholders to vote on 40% bonus issue to raise capital on June 30

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request