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

Al-Ruwaigh also 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. (Supplied)
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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.


SABB celebrates Riyadh on World Cities Day

Updated 11 min 55 sec ago

SABB celebrates Riyadh on World Cities Day

On the occasion of the UN’s World Cities Day, celebrated each year on Oct. 31, the Saudi British Bank (SABB) launched a campaign to show the urban development of Riyadh city, starting from infrastructure projects aimed at improving the quality of life to the organizational initiatives that have contributed to attracting glob- al investors.

SABB prepared an introductory report titled “My City” that was published on the bank’s website and distributed to individual and corporate clients inside and outside the Kingdom. This is in addition to publishing a brief on the website, mentioning the most prominent features of the developments taking place in the Kingdom at different levels, to support programs for sustainable and balanced growth, improving business environment, attracting foreign investment, and encour- aging innovation.

The “My City” report focuses on the role of the Kingdom’s Vision 2030, as it is a transformative initiative aimed at developing the Kingdom’s economy, in addition to the positive impact that it had on Riyadh, considering that it is the capital and the main business center in the Kingdom. These developments are ex- pected to further contribute to improving the appearance and image of the city. The report also referred to the investments made by the Saudi government throughout history in order to enhance and develop other social services such as health, education and entertainment.

SABB has livened up its campaign to celebrate the city of Riyadh on this global occasion, by hanging a mural on the bank’s head office building, drawn by a young Saudi artist, Noura Bouzo, embodying the ancient history of Ri-yadh and its promising future. SABB is a licensed financial institution operating under the Saudi Arabian Monetary Authority’s supervision and control. The bank was established in 1978 as a Saudi joint stock company. It is an associate company of the HSBC Group.

SABB offers integrated financial and banking services including personal banking, corporate banking, investment, private banking and treasury. The bank’s paid-up capital is SR20.5 billion ($5.4 billion) after its legal merger with Alawwal Bank, to become one entity and one of the largest banks in the Kingdom.