Thu Sep 9, 2021 11:41:40

Saudi Exchange Celebrates the Listing of Burgerizzr on Nomu – Parallel Market

Riyadh, 9 September 2021: The Saudi Exchange and Shatirah House Restaurant Co. (Burgerizzr), celebrated the listing of Burgerizzr on Nomu – Parallel Market. Mohammed Sulaiman Al Rumaih, CEO of Saudi Exchange was in attendance with Mohammed Ali Al Ruwaigh, Chairman of Burgerizzr, among other leading board members from the company.

Marking the occasion, Al Rumaih said, “We are pleased to welcome Burgerizzr to Nomu – Parallel market. Our strong listing track record and pipeline reinforces the fact that Saudi Exchange is one of the most active and attractive markets for raising capital amongst its emerging market peers. With each listing, we further diversify our market offerings and provide investors with an extensive range of investment opportunities. We remain committed to the continuous development and expansion of the Saudi capital market, and it gives me great pleasure to formally welcome Burgerizzr.”

In alignment with the Financial Sector Development Program, Saudi Exchange is committed to working alongside the Capital Market Authority to improve procedures and simplify requirements for companies looking to list in the Saudi Capital Market. This builds on the Exchange’s vision to elevate its position locally, regionally and internationally, as a lucrative destination for investors and issuers.

Burgerizzr is the third food and beverage company to be listed on Nomu – Parallel Market, offering 725,000 shares representing 29% of its total issued shares.

Co-founded in 2009 by Mohammed Ali Al Ruwiagh, Burgerizzr has grown from one branch to more than 65 branches throughout Saudi Arabia.

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