| Element List | Explanation |
|---|---|
| Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2025-08-24 Corresponding to 1447-03-01 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | Transaction Value: |
According to the terms of the agreement, the transaction value is as follows:
A. The transaction value is SAR 10.3 million.
B. 25% of the transaction value will be used to increase the capital of "SHOVEL"
Transaction Terms:
The agreement includes the usual terms, conditions, and guarantees provided by each party as is customary in such transactions, such as the completion of due diligence. The completion of the transaction remains subject to the fulfillment of several conditions, including obtaining the necessary regulatory approvals and other conditions stipulated in the agreement. It also requires the fulfillment of certain other conditions and approvals, in accordance with the terms and conditions of the agreement.
Date of Transaction:
August 23, 2025
Parties of the Transaction:
1- Shatirah House Resturant "BURGERIZZR" (the buyer) 2- Habat Al-Qahwa Trading Company (the target company) 3- Partners in Habat Al-Qahwa Trading Company (the sellers)
Financial statements for the last three years of the transaction:
Coffee Bean Trading CompanySHOVEL's revenues:
2022: SAR 7,122,955
2023: SAR 5,909,326
2024: SAR 13,025,071
Reasons for the transaction and its expected impact on the company and its operations:
Strengthening Burgerizzr's balanced growth strategy and supporting the diversification of growth sources in the food and beverage sector.
Upon completion of the transaction procedures.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.