April 25, 2018 / 5:13 AM / 5 months ago

BRIEF-Lazurde Updates On MoU To Acquire Izdiad Commercial Co Of Arabia

April 25 (Reuters) - LAZURDE COMPANY FOR JEWELRY:

* CO AND TAMKEEN AGREE ON TRANSACTION PRICE AND FINAL TERMS RELATED TO ACQUISITION OF IZDIAD COMMERCIAL CO OF ARABIA WHICH OPERATES TOUS INTERNATIONAL FRANCHISE IN KSA

* PARTIES WILL MAKE THEIR EFFORTS FOR SIGNING SHARE PURCHASE AGREEMENT BEFORE END OF MAY 2018

* TRANSACTION IS EXPECTED TO BE FINANCED BY BANK CREDIT FACILITIES AND CASH GENERATED FROM OPERATIONAL ACTIVITIES Source text for Eikon: Further company coverage:

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