In a move reflecting the company's strong financial position and future growth trajectory, the Extraordinary General Assembly (first meeting) of Beit Al Shateera Fast Food Restaurants Company, commercially known as "Burgerizer," held on January 1, 2026, approved the Board of Directors' recommendation to increase the company's capital. This strategic step will be achieved by capitalizing a portion of profits and reserves through the issuance of bonus shares to shareholders.
Details of the capital increase and granted shares
According to an official statement released on the Saudi Stock Exchange (Tadawul) website on Sunday, a significant capital increase of 60% has been approved. This will raise the company's capital from SAR 35 million to SAR 56 million. This financial increase will directly impact the number of shares, increasing from 35 million to 56 million.
The assembly has determined the distribution mechanism by granting 3 free shares for every 5 shares owned by shareholders at the time of entitlement, which is considered a rewarding return for long-term investors in the company.
Growth context and importance of the restaurant sector in the Kingdom
This move by Burgerizer comes at a time when the food and beverage sector in Saudi Arabia is experiencing rapid growth, driven by increased consumer spending, demographic changes, and the Kingdom's Vision 2030 support for the private sector. Burgerizer is one of the leading fresh burger chains locally, and since its listing on the parallel market (Nomu), it has sought to expand its branch network and strengthen its market share.
An increase in capital usually reflects a company’s desire to strengthen its financial solvency and keep pace with operational expansion plans, as retained earnings are converted into permanent capital, giving the company greater flexibility in financing its future projects without having to borrow or deplete cash flow.
Date of entitlement and mechanism for dealing with fractions
The company clarified that the entitlement date for the bonus shares will be for the company’s shareholders who own shares on the day of the Extraordinary General Assembly meeting, and who are registered in the company’s shareholder register with the Securities Depository Center Company (Depository Center) at the end of the second trading day following the date of the meeting.
Regarding fractional shares that may result from the distribution process, the company has established a clear mechanism to safeguard shareholders' rights. These fractional shares will be consolidated into a single portfolio for all shareholders and then sold at the prevailing market price. The cash value of these fractional shares will be distributed to eligible shareholders, each according to their respective entitlement, within a period not exceeding 30 days from the date of determining the eligible shares.
