Al-Othaim provides funding worth SR3.7m to support kidney patients

The contract was signed at the residence of Chairman Abdullah bin Saleh Al-Othaim in Riyadh.
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Updated 13 January 2020

Al-Othaim provides funding worth SR3.7m to support kidney patients

Abdul Mohsen bin Abdullah Al-Othaim provided funding worth SR3.7 million ($986,482) for the purchase of advanced medical devices and equipment at the kidney patients’ unit at King Fahd Specialist Hospital in Buraidah.

The equipment will be used for carrying out lithotripsy, a medical procedure by which a kidney stone or other calculus is broken into small particles that can be passed out of the body.

The charitable endowment has been made under the Abdul Mohsen Al-Othaim Charity, the contract of which was signed at the residence of Abdullah bin Saleh Al-Othaim, chairman of the board of Al-Othaim Holding Company in Riyadh.

Abdul Aziz Abdullah Al-Othaim, member of the board of directors and CEO of Abdullah Al-Othaim Markets Company, represented Al-Othaim while the hospital was represented by Dr. Turki bin Abdullah Al-Muqbel, general manager. Also present was Dr. Mohamed Mustafa Al-Ras, CEO of Attia Medical Equipment Company.

Chairman Abdullah bin Saleh Al-Othaim said the endowment is in line with the strategy of Al-Othaim companies to contribute to social responsibility programs, charitable work and community service, and that the endowment will contribute to providing a distinguished medical service for kidney patients at the hospital.

“The endowment is in line with the unlimited support from our wise government toward social responsibility programs in partnership with all sectors, to ensure that necessary support reaches those who deserve it, in light of the generous and continuous care of the Custodian of the Two Holy Mosques King Salman and Crown Prince Mohammed bin Salman.”

Al-Othaim companies have been involved in a number of charity campaigns, including the “No Hajj Without Vaccination Campaign,” in cooperation with the Ministry of Health, in addition to an environment campaign with the Saudi Standards, Metrology and Quality Organization, and the Ministry of Environment, Water and Agriculture.


Burgerizzr picks Emirates NBD Capital Saudi Arabia as financial advisor for Nomu listing

Updated 27 October 2020

Burgerizzr picks Emirates NBD Capital Saudi Arabia as financial advisor for Nomu listing

  • Al-Ruwaigh said Emirates NBD Capital Saudi Arabia is one of the largest investment banks in the GCC region
  • Burgerizzr specializes in providing ‘made to order, fresh Beef and Chicken burgers’

RIYADH: Saudi Arabia’s Shatirah House Restaurant Company – owner and operator of the “Burgerizzr” restaurant chain – has chosen 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. It was launched in 2009 with one branch in Riyadh. The chain has achieved high growth rates to reach 76 branches in 12 Saudi cities.
Mohammed Al-Ruwaigh, Chairman of the Board of Directors of 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 also said 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.