Burgerizzr: Major shareholder sells shares to fulfill liquidity condition for main market transition

Shatirah House Restaurant Co. “Burgerizzr” announced on Thursday that it received a letter dated 15/11/2023, from Mr. Mohemmad bin Ali Al-Ruwaigh, one of the company’s founders and one of its substantial shareholders, regarding to sell a part of his shares in the company for the purpose of achieving one of the requirements for moving to the Main Market, which is the liquidity condition.

An Explanatory Announcement from Shatirah House Restaurant Co. “Burgerizzr” regarding the change in the ownership percentage of one of the company’s substantial shareholders. This will result in a change in the list of major owners in the company.