Saudi Fransi Capital announces that 79.56% of the shares offered to the retail tranche was covered by the end of the third day

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 141.3 thousand investor by the end of the third day. Amount subscribed reached to SAR 113.9 million by 27.5 thousand applications and was covered by approximately 79.56%.

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 Sunday 13 June 2016, where 3.87 million shares representing 30% of the offered shares i.e. 12.9 million shares which represent 30% of the Company’s share capital.