Shatirah House Restaurant Co. "BURGERIZZR" Announces Board recommendation to buy-back its Shares

Element List	Explanation
Introduction	Shatirah House restaurant Co. “BURGERIZZR” announces its intention to purchase a number of its own shares to hold as treasury shares. The Board intends to allocate part of these shares for share-swap transactions in connection with the acquisition of shares or equity interests in a company, or the purchase of an asset, while the remaining shares will be allocated to the company’s employees under the employee share program.
Board of director’s recommendation date	2026-05-20 Corresponding to 1447-12-03
Purpose of Purchase	To be held as treasury shares in connection with share-swap transactions for acquisitions and the employee incentive program.
Purpose of Purchase (If the Purpose to Keep the Shares as Treasury Shares)	A portion of these shares, amounting to 1,000,000 shares, will be allocated for share-swap transactions in connection with the acquisition of shares or equity interests in a company, or the purchase of an asset, while the remaining 300,000 shares will be allocated to the company’s employees under the employee share program, thereby contributing to the achievement of the company’s objectives.
Number of Shares to be Bought	1300000
Shares Class and type	Ordinary shares
Method of Financing the Purchasing Process	The purchase will be financed through bank facilities, internal resources, or both.
Current Percentage of the Treasury Shares at the Company out of the Total Class of Shares Purchased	0%
Approvals and Meeting the Conditions of Financial Appropriateness	a) The solvency requirements set out in paragraph (3) of Article (17) of the Implementing Regulations of the Companies Law for Listed Joint Stock Companies will be satisfied pursuant to the solvency report to be issued by the Company’s external auditor and attached to the invitation to the Extraordinary General Assembly meeting that will decide on this transaction. b) The approval of the Extraordinary General Assembly will be obtained at its nearest meeting for the purchase transaction in accordance with the requirements of paragraph (4) of Article (17) of the Implementing Regulations of the Companies Law for Listed Joint Stock Companies, which provides for authorizing the Board of Directors to complete the purchase transaction within a maximum period of eighteen (18) months from the date of the Extraordinary General Assembly’s approval.
Voting Right	The treasury shares to be purchased shall not have voting rights at shareholders’ meetings.
Additional Information	The proposed number of shares to be purchased represents 2.32% of the Company’s total issued share capital.