Saudi CMA approves listing of Burgerizzr on Nomu market

The offer will be open to qualified investors, the regulator said

  
A Saudi trader monitors stock information at ANB Bank in Riyadh, Saudi Arabia December 15, 2020.

A Saudi trader monitors stock information at ANB Bank in Riyadh, Saudi Arabia December 15, 2020.

REUTERS/Ahmed Yosri

Saudi Arabia's Capital Market Authority (CMA) has approved Mataam Bayt AlShatira Lilwajbat Alsariya Company's (Burgerizzr) application to offer 29 percent of the its share capital on the parallel market, Nomu.

The offer will be open to qualified investors, the regulator said. 

The company is the owner and operator of the Burgerizzr restaurant chain in the kingdom. 

(Writing by Brinda Darasha; editing by Daniel Luiz)

brinda.darasha@refinitiv.com

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