Riyadh – Mubasher: L'azurde has appointed Saudi Fransi Capital as a lead manager of its initial public offering (IPO), which will begin on 5 June and end on 13 June.
The Saudi Arabian gold and jewellery maker said that Riyad Bank, Saudi Fransi Bank (SFB), National Commercial Bank (AlAhli), Samba Financial Group and Saudi Hollandi Bank (SHB) will receive requests for the IPO, according to a statement released on Sunday.
The Capital Markets Authority (CMA) earlier announced the offering of 12.9 million shares, representing 30% of L’azurde Jewellery’s capital for public subscription.
