Burgerizzr deposits proceeds from fractional shares sale

04/08/2022 Argaam

Shatirah House Restaurant Co. (Burgerizzr) completed, on Aug. 2, depositing around SAR 14,350 proceeds from the sale of fractional shares in the accounts of eligible shareholders, according to a bourse statement.

 

The company sold 125 shares at an average price of SAR 115 each.

 

Burgerizzr shareholders approved, on June 30, the board’s recommendation to increase capital by 40% via a bonus issue at two shares for every five shares held, according to Argaam.

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