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BRIEF-Saudi's L'azurde signs exclusive Duty Free distribution agreement
August 13, 2017 / 7:01 AM / 4 months ago

BRIEF-Saudi's L'azurde signs exclusive Duty Free distribution agreement

Aug 13 (Reuters) - LAZURDE FOR JEWELRY CO

* SIGNS COMMERCIAL AGREEMENT WITH GLOBAL RETAILER OF DUTY FREE SHOPS AT KSA AIRPORTS, SAUDI FRENCH DUTY FREE OPERATIONS AND MANAGEMENT

* EXPECTS TO FULLY OPERATE IN FIVE INTERNATIONAL LOCATIONS PROVIDED AS PER DEAL BY END OF Q3 WITH TOTAL INVESTMENT 15 MILLION RIYALS

* EXPECTS FINANCIAL IMPACT TO START FROM Q4

* EXPECTS FINANCIAL IMPACT TO REPRESENT ADDITIONAL ANNUAL OPERATING REVENUE AT ABOUT 10 PERCENT OF TOTAL CO‘S ANNUAL TOTAL OPERATING REVENUES Source text for Eikon: Further company coverage:

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