Burgerizzr chooses 'Emirates NBD Capital Saudi Arabia' a Financial Advisor for its listing in "Saudi Parallel Market (Nomu)"

The Shatirah House Restaurant Company, the exclusive owner and operator of the "Burgerizzr" restaurant chain, announced the appointment of "Emirates NBD Capital Saudi Arabia" as the exclusive financial advisor to arrange the offering of a stake of the company through an IPO on the “Saudi Parallel Market (Nomu)”.

Burgerizzr specializes in providing ‘made to order, fresh Beef and Chicken burgers’ and is the largest chain of fresh burger restaurants in the Kingdom of Saudi Arabia. Launched in 2009 with one branch in Riyadh, the chain has achieved stupendous growth rates to reach 76 branches in 12 Saudi cities.

Mohammed Al Ruwaigh, Chairman of the Board of Directors - Burgerizzr, said: “we are proud of the decision of the Board of Directors to offer shares of the company on the Saudi Parallel Market (Nomu). , We believe that this step will contribute to enhancing the company's growth and sustainability strategies and augmenting its opportunities in the most significant markets in the region.

Al Ruwaigh pointed out that they appointed “Emirates NBD Capital Saudi Arabia” as the financial advisor for the IPO, as they are one of the largest investment banks in the GCC region and due to their unparalleled access to local KSA and regional investors.