Burgerizzr board proposes stock split from SAR 10 to SAR 1

22/03/2023 Argaam
Logo ofShatirah House Restaurant Co. (Burgerizzr)

Logo of Shatirah House Restaurant Co. (Burgerizzr)

Shatirah House Restaurant Co.’s (Burgerizzr) board recommended today, March 22, a stock split from SAR 10 to SAR 1, according to a statement to Tadawul.

 

Accordingly, the total number of shares will increase to 35 million from 3.5 million.
 

Stock Split Details

Current Capital

SAR 35 mln

Number of Shares

3.5 mln

Current Par Value

SAR 10 per share

Post-Stock Split Capital

SAR 35 mln

New Number of Shares

35 mln

Post-Stock Split Par Value

SAR 1 per share

 

In a statement to Tadawul, the company noted its commitment to completing the necessary related procedures, with any material developments in this regard to be announced in a timely manner.

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