6016 · 01/09/2025 08:03:51 · Announcement #89924 · View on Saudi Exchange

Addendum Announcement from Shatirah House Restaurant Co. "BURGERIZZR" in regards to signing of an acquisition agreement for 60% of the shares of 'SHOVEL' Coffee Bean Trading Company.

Element ListExplanation
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. Financial Impact on the change Burgerizzr's total ownership in Coffee Bean Trading Co. "SHOVEL" will be 60%, and the deal is expected to result in operational synergies and enhanced market integration. Additional Information Burgerizzr will announce the closing of the transaction and any other material developments in due course.

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.