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Saudi Fransi Capital, the financial advisor, lead manager, bookrunner and sole underwriter for L’azurde Company for Jewelry (“L’azurde”) states that the number of retail investors amounted to 191.56 thousand by the end of the fourth day. Amount subscribed reached to SAR 180.39 million through 35.94 thousand applications and was covered by approximately 125.98%.
Status of the Retail Subscription in L’azurde from day 1 to end of day 4:
Subscribers: 191.56 thousand
Shares subscribed: 4.88 million
Amount Subscribed (SAR): 180.39 million
Coverage (%): 125.98%
It is worth noting that the subscription period for the retail tranche commenced on Sunday 5 June 2016 and will continue for 9 days until Monday 13 June 2016, where 3.87 million shares representing 30% of the offered shares i.e. 12.9 million shares are being offered to the retail investors.