Lazurde rights trading, subscription period to start tomorrow

06/06/2021 Argaam

Logo of Lazurde Company for Jewelry

The Saudi Exchange (Tadawul) announced that the subscription period and rights trading for Lazurde Company for Jewelry (Lazurde) will start tomorrow, June 7, 2021.

 

Rights trading will end on June 14 and subscription to the new shares will close on June 17.

 

On June 2, Lazurde’s shareholders approved the board of directors’ recommendation to increase capital to SAR 575 million through a rights issue worth SAR 145 million, during the extraordinary general meeting (EGM).

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