CMA approves Burgerizzr request to offer 29% shares on Nomu

Burgerizzr

The board of directors of the Capital Market Authority (CMA) approved the request of Shatirah House Restaurant Co., the exclusive owner and operator of the "Burgerizzr" restaurant chain, to offer 725,000 shares, representing 29% of the capital, on Nomu - Parallel Market.  

The offering will be limited to qualified investors as stipulated in the glossary of defined terms used in CMA's regulations and rules. The prospectus will be published within sufficient time prior to the start of the offering.

The market regulator also said that its approval will be valid for six months starting from the date of its decision. The approval will be deemed cancelled if the offering and listing of the company's shares are not completed within this period.

Established in Riyadh in 2009, Burgerizzr has about 100 branches across the Kingdom and aims to bring this number to 200 by 2025.