Edaa deposits Lazurde subscribed securities into shareholders’ portfolios today

30/06/2021 Argaam

A branch of Lazurde

The Securities Depository Center (Edaa) deposited, today, June 30, the subscribed securities of Lazurde Company for Jewelry (Lazurde) into investor portfolios.

 

The company offered 14.5 million shares of priority rights at SAR 10 per share, with a total value of SAR 145 million, to increase capital from SAR 430 million to SAR 575 million.

 

Last week, Lazurde said the rights issue was 88.12% subscribed, while the remaining rights issue shares were 1,550% oversubscribed.

 

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