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Mataam Bayt AlShatira Lilwajbat Alsariya (Burgerizzr) set the price range for its upcoming initial public offering (IPO) between SAR 150 and SAR 165 per share, Emirates NBD Capital Saudi Arabia said.

 

The offer price will be set after the completion of the book building process, which will run for qualified investors from Aug. 15-23.

 

Last July, Burgerizzr issued the prospectus for its IPO on the Nomu parallel market, Argaam reported.

 

The company planned to sell 725,000 shares, or 29% of its capital, in the IPO.

 

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