L'azurde Company for Jewelry announces an update on temporary closure of its retail showrooms in Saudi Arabia to protect public health
| Element List | Explanation |
|---|---|
| Introduction | In reference to the Company’s announcement dated 14 May 2020 on the Tadawul website regarding the partial reopening of its retail showrooms from 09:00 to 17:00 for the period from 14 to 22 May 2020 amid a temporary relaxation of containment measures and the subsequent 24-hour curfew during the Eid break, and with reference to the new Government directives dated 25 May 2020 changing the partial curfew timings and permitting the continuation of certain economic activities (including include wholesale offices and retail shops in addition to malls) as follows:
First: from 28 to 30 May 2020, from 06:00 to 15:00 (except in Makkah). Second: from 31 May to 20 June 2020, from 06:00 to 20:00 (except in Makkah). Third: from 21 June 2020 onwards, the Kingdom will return to "normal" conditions in all regions and cities of the Kingdom (excepting Makkah), while maintaining the necessary precautionary measures and implementation of health and social distancing measures. Fourth: With regards to Makkah, the provisions of the First item above will be implemented between 31 May and 20 June 2020. Provisions of the Second item will be applied from 21 June 2020 onwards. L'azurde announces that its retail showrooms will operate according to the provisions outlined above. |
| Previous Announcement | L'azurde Company for Jewelry announces an update on temporary closure of its retail showrooms in Saudi Arabia to protect public health |
| Date of Previous Announcement on Tadawul's Website | 2020-05-14 Corresponding to 1441-09-21 |
| Progress | L'azurde announces that its retail showrooms in Saudi Arabia will operate according to the provisions outlined above. |
| Event's Expected Completion Date | It cannot be determined at this time |
| Reasons for Exceeding the Announced End Date | N/A |
| Expenses Related to the Event, Whether They Changed or Not and Justification | N/A |
| Impact of the Delay on the Company's Financial Results | L’azurde’s management continues to ascertain the financial impact of the updated measures and cannot communicate at this moment the impact. |
| Additional Information | The showrooms will operate in accordance with the government guidelines on public health and safety practices, including mandatory temperature checks, face masks and hand sanitization, as well as physical distancing. |
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