L'azurde announced on Tadawul's website on 26-09-2017, the signing of a memorandum of understanding with Tamkeen Industrial & Trading Company (Tamkeen) to acquire 100% equity stake of Izdiad Commercial Company of Arabia, a limited liability company owned by Tamkeen and operating in the affordable luxury jewelry retail sector in the Kingdom.

L'azurde Company for Jewelry announces today that the duration of the exclusivity for the memorandum of understanding will last until end of February 2018 for the purpose of finalizing the financial, legal and commercial due diligence. Any related developments will be communicated later.