Maryam Abdel Ghani

The General Assembly of the Saudi Airlines Catering Company approved changing the company’s trade name to “Catrion Catering Holding Company,” according to a disclosure from the company to the Saudi Stock Exchange (Tadawul) on Sunday.

The approval came after the company said earlier this October that it intends to change its identity. The company provides support and hospitality services to airlines and other companies in other sectors, including food catering services, menu planning, frozen meal production, lounge management, commercial laundries, and security services.

The company said that the step aims to keep pace with its vision of expanding the scope of its business, and in line with the growth opportunities available and targeted in the Kingdom’s Vision 2030 to diversify the Saudi economy.

She added that with this step, it will continue to diversify its services in the field of aviation services sector and other sectors not related to aviation, which contributes to the sustainability of its business and achieves profitability.

"Sandwich House" intends to move to the main market

The Saudi fast food sandwich house restaurant company (Burgerizer) said that its board of directors approved the company’s transfer from the parallel market “Nomu” to the main market on the Saudi Stock Exchange, according to a disclosure from the company on Sunday to the Tadawul Stock Exchange.

The company indicated that its move to the main market of the Stock Exchange remains subject to market approval and is conditional on fulfilling all requirements stipulated in the listing rules.

Burgerizzr, which was founded in Saudi Arabia in 2009, is the largest chain of fresh burger restaurants in Saudi Arabia. It now has more than 100 branches in 20 cities in Saudi Arabia, and was listed on the parallel market on the stock exchange in 2021, according to its filing on the Saudi Stock Exchange.

Among the differences between the main and parallel markets is that the minimum market value of the company is 300 million riyals in the main market compared to 10 million riyals in the parallel market.

(Prepared by: Maryam Abdel Ghani, contact: zawya.arabic@lseg.com)

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