The Saudi Stock Exchange (Tadawul) website revealed the approval of Burgerizer Company’s transfer from the parallel market to the main market.
The Saudi Stock Exchange announced today, Sunday, the approval of the request of the fast food restaurant company, Beit Al Shatira, to move from the parallel market (Nomu) to the main market, with a capital of 35 million Saudi riyals and 35 million shares.
According to the Tadawul website, the transfer process will take place until the end of the transfer document publication period. The issuer must now publish the transfer document within three trading sessions following the announcement of the Saudi Tadawul’s approval of the transfer request.
Trading in the stock will be suspended from the day following the expiry of the period for publishing the transfer document for a period not exceeding five trading sessions to begin the transfer procedures.
The date of suspension and the start of listing of the issuer’s shares in the TASI index will be announced through the Saudi Stock Exchange’s Tadawul website.
The share of Beit Al Shatira 9520 is currently recording 14.48 riyals per share, up 29.9% in today's trading after announcing the approval to move to the main market. This is the highest level for the share since May 2022.
