Riyadh-Mubasher: Saudi Arabian gold and jewellery maker L'azurde deposited the subscribed shares in shareholders’ portfolios on 23 June, according to Saudi Stock Exchange (Tadawul).
A total of 385,400 subscribers bought 11.3 million shares worth SAR 419.7 million, while the surplus was refunded on 20 June.
A minimum of ten shares were allocated to each subscriber, Saudi Fransi Capital, the financial advisor and lead manager for the IPO, announced earlier.
A total of 3.87 million shares, or 30% of total shares allocated, were offered to investors.
