Burgerizzr picks Emirates NBD Capital Saudi Arabia as financial advisor Nomu listing

Shatirah House Restaurant Company, the exclusive owner and operator of the "Burgerizzr" restaurant chain, appointed Emirates NBD Capital Saudi Arabia as the exclusive financial advisor to arrange its initial public offering (IPO) on the Saudi Parallel Market (Nomu).

Burgerizzr, the Kingdom’s largest chain of fresh burger restaurants, provides ‘made to order, fresh Beef and Chicken burgers’. It was launched in 2009, operating one branch in Riyadh. Burgerizzr reported stupendous growth rates, bringing up the total number of its branches to 76 across 12 Saudi cities.

Mohammed Al Ruwaigh, Chairman of the Board of Directors - Burgerizzr, said: “We are proud of the board of directors’ decision to offer the shares of the company on the Saudi Parallel Market (Nomu). We believe that this step will contribute to enhancing the company's growth and sustainability strategies and augmenting its opportunities in the most significant markets in the region.”

Emirates NBD Capital Saudi Arabia, one of the largest investment banks in the GCC region, was appointed as the financial advisor for the IPO, thanks to their unparalleled access to local KSA and regional investors, Al Ruwaigh pointed out.