Burgerizzr’s board proposes 60% capital hike via bonus issue

02/03/2025 Argaam Exclusive

Shatirah House Restaurant Co.’s (Burgerizzr) board of directors recommended, on Feb. 16, a 60% capital increase from SAR 35 million to SAR 56 million by granting bonus shares to its shareholders by capitalizing SAR 21 million from retained earnings.

 

Each shareholder will be granted three bonus shares for every five shares owned, the company said in a statement to Tadawul.

 

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, expanding its business and strengthening its financial position

Method

Three bonus shares for every five shares owned

Record Date

Shareholders of record at the end of the extraordinary general meeting (EGM) and those registered with Edaa on the second day following the EGM, the date for which will be set later

 

Fractional shares, if any, will be compiled in one portfolio, and sold at market price, with proceeds to be distributed pro rata among eligible shareholders within 30 days.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
26/02/2024 02/04/2024 28/04/2024 4.90 0.14
22/09/2021 30/09/2021 14/10/2021 8.00 0.23
Historical dividend per share adjusted for the effect of capital changes and bonus shares, if any

Dividend History

Consolidated cash dividend Cash dividend per share (SAR) * The stock price at the beginning of the period (SAR) Return on the base price
Last 3 Financial years 0.14 20.85 0.67 %
Last 5 Financial years N/A N/A N/A
Last 10 Financial years N/A N/A N/A
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

20.62
(0.52) (2.46 %)

Valuation Data (Latest Share Price)

P/E (TTM) 85.45
P/E Before Unusual Items (TTM) 85.45
P/BV 10.02
Dividend Yield -
Market Cap. (M) 721.70
Return on Average Assets 5.72 %
Return on Average Equity 7.78 %

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