BURGERIZZR Board Recommends 1.3M Share Buyback Program

BURGERIZZR

BURGERIZZR

6016.SA

0.00

On May 20, 2026, Shatirah House Restaurant Co. "BURGERIZZR" announced its Board's recommendation to buy back 1,300,000 ordinary shares to be held as treasury shares. The buyback represents 2.32% of the company's total issued share capital, with 1,000,000 shares allocated for share-swap transactions in future acquisitions and 300,000 shares designated for the employee share program. The purchase will be financed through bank facilities, internal resources, or both, and requires approval from an Extraordinary General Assembly meeting along with solvency requirements compliance.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95553&anCat=1&cs=6016&locale=ar

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.

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