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L'azurde submits request to CMA for SAR 145m capital raise

L'azurde submits request to CMA for SAR 145m capital raise
L'azurde wants to increase its capital to SAR 575 million from SAR 430 million .
LAZURDE
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Riyadh – Mubasher: L'azurde Company for Jewelry has submitted a request to the Capital Market Authority (CMA) for a SAR 145 million capital increase via a rights issue.

The Tadawul-listed firm wants to increase its capital to SAR 575 million from SAR 430 million through issuing 14.5 million ordinary shares, according to a bourse statement on Sunday.

Further details will be provided in due course, L'azurde said.