Burgerizzr founder sells part of stake to aid Main Market transition

16/11/2023 Argaam
Logo ofShatirah House Restaurant Co. (Burgerizzr)

Logo of Shatirah House Restaurant Co. (Burgerizzr)

Shatirah House Restaurant Co. (Burgerizzr) was notified that one of its founders and major shareholders, Mohammed Al-Ruwaigh, sold a part of his stake in the company to meet the liquidity requirement for transition to the Main Market (TASI).

 

This will result in a change in the list of major shareholders in the company, the Nomu-listed firm said in a Tadawul statement.

 

According to data compiled by Argaam, the list of Burgerizzr’s major shareholders on Nov. 13 showed that Al-Ruwaigh’s ownership in the company fell from 43.64% to 42.80%.

 

The company’s board of directors approved, on Oct. 12, the transition from Nomu to TASI.

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