Riyadh – Mubasher: L'azurde, the leading jewellery company, announced on Tuesday that will offer 12.9 million shares or 30% of its capital in an initial public offering (IPO) starting from 5 June to 13 June.
According to a bourse filing, the final allotment will be no later than 19 June and surplus will be refunded on 20 June.
L'azurde earlier appointed Saudi Fransi Capital as a lead manager of IPO, and chose Riyad Bank, Saudi Fransi Bank (SFB), National Commercial Bank (AlAhli), Samba Financial Group and Saudi Hollandi Bank (SHB) to receive requests.
