L’azurde publishes IPO Red Herring prospectus 20 May 2016

Individual Investors will be able to apply for L’azurde shares between 5 June and 13 June 2016

Riyadh, KSA: May 20, 2016: Following the announcement on 9 May 2016 of its intention to float, L’azurde Company for Jewelry (“L’azurde” or “the Company”) today announces the publication of the Red Herring Prospectus for the initial public offering (the “IPO” or the “Offering”) of its ordinary shares.

  • The number of shares to be included in the Offer will be 12,900,000 representing approximately 30% of the share capital.

 

  • Offer to be made available to qualified Institutional Investors (anticipated to be 70% of the Offering, subject to demand), as well as Individual Investors (anticipated to be 30% of the Offering, subject to demand).

 

  • The subscription period for Individual Investors will commence on 05/06/2016, closing on 13/06/2016.

For further information please visit www.lazurde.com

For more information, please contact: ASDA’A Burson-Marsteller

KSA
Wael Abdel Samad
Tel: +966 504440079
Email: wael.abdelsamad@bm.com

UAE
Jonathan Smith / Tom Drummond
Tel: +971 44507600
Email: jonathan.smith@bm.com / tom.drummond@bm.com