Riyadh – Mubasher: The final price for the initial public offering (IPO) of Mataam Bayt AlShatira Lilwajbat Alsariya Company (Burgerizzr) has been set at SAR 165 per share, according to a bourse filing on Thursday.
The coverage ratio amounted to 6,646% of the total IPO shares. A total of 725,000 ordinary shares were fully subscribed, representing 29% of Burgerizzr’s total shares.
The offering period started on Sunday, 15 August, and ended on Monday, 23 August.
Emirates NBD Capital KSA is acting as the Financial Advisor and Lead Manager for the IPO and will be coordinating with the Saudi Stock Exchange (Tadawul) to decide the listing date.
Last June, The Saudi Capital Market Authority (CMA) approved the IPO of Burgerizzr to trade on the Parallel Market (Nomu).