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Announcement Shatirah house restaurant Co. “BURGERIZZR” regarding the results of the Extraordinary General Assembly meeting, which included the approval of the company's capital increase (First meeting).
| Element List | Explanation |
|---|---|
| Introduction | Shatirah house restaurant Co. “BURGERIZZR” announces to its shareholders the results of the Extraordinary General Assembly Meeting (First Meeting), which included the approval of the company's capital increase. The meeting was held at 20:30 on Thursday, 12/07/1447H corresponding to 1/1/2026G, at the company’s headquarters in Riyadh, through modern technology using Tadawulaty services, after the quorum required for the validity of the meeting was met. |
| City and Location of the Extraordinary General Assembly's Meeting | At the company’s headquarters located in Riyadh, and through modern technological means (remotely) using Tadawulaty services. |
| Date of the Extraordinary General Assembly's Meeting | 2026-01-01 Corresponding to 1447-07-12 |
| Time of the General Assembly’s Meeting | 20:30 |
| Percentage of Attending Shareholders | %65.18 |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | 1)Mr. Mohammed bin Ali Al-Ruwaigh (Chairman of the Board) 2) Mr. Sami bin Mohammed Al-Obaid (Vice Chairman of the Board) 3)Mr. Ziyad bin Abdulatif Al-Barrak (Board Member) 4)Mr. Mohammed bin Hassan Al-Shuhail (Board Member) 5) Mr. James Hartenstein (Board Member) 6)Mr. Mohammed bin Abdulrahman Al-Kaoud (CEO) |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Names of Those Attending on their Behalf | 1) Mr. Ziyad bin Abdulatif Al-Barrak (Board Member and Chairman of the Audit Committee) 2) Mr. Mohammed bin Hassan Al-Shuhail (Board Member and Chairman of the Compensation and Nominations Committee) 3) Mohammed Al Musa - Audit committee member 4) Abdulrahman AL Thukair - Audit Committee member |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1.Approval of amending Article Four – Company Objectives. 2.Approval of adding an article to the Company’s Articles of Association related to the purchase, sale, and pledge of the Company’s shares. 3.Approval of the Board of Directors’ recommendation to increase the Company’s share capital by granting bonus shares to the Company’s shareholders as follows: - Company’s share capital before the increase: SAR 35,000,000 (Thirty-Five Million Saudi Riyals) - Company’s share capital after the increase: SAR 56,000,000 (Fifty-Six Million Saudi Riyals) - Percentage of capital increase: 60% - Number of shares before the increase: 35,000,000 shares (Thirty-Five Million shares) - Number of shares after the increase: 56,000,000 shares (Fifty-Six Million shares) - Reason for the increase: The Company aims to increase its capital to keep pace with its growth, expand its operations, and strengthen its financial position. - Number of bonus shares granted: Three (3) bonus shares for every five (5) shares owned by shareholders. - Nature and value of reserves to be used for capitalization: The capital increase will be made by capitalizing retained earnings with a total amount of SAR 21,000,000 (Twenty-One Million Saudi Riyals). - Entitlement date: If approved, the entitlement date for the bonus shares will be for shareholders who own shares on the date of the Extraordinary General Assembly meeting and are registered in the Company’s shareholder register at the Securities Depository Center (Edaa) at the end of the second trading day following the meeting date. In case of fractional shares, they will be aggregated into one portfolio for all shareholders, sold at market price, and the proceeds distributed to eligible shareholders according to their share within 30 days from the date of determining the entitled shares for each shareholder. - Amendment of Article Six of the Company’s Articles of Association related to share capital. - Amendment of Article Seven of the Company’s Articles of Association related to share subscription. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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