L’azurde Co. for Jewelry [4011.SE] announced that it is expecting a material positive impact on its 4Q16 financials from the EGP floatation. Given that the company had already taken precautions to mitigate the potential EGP devaluation, it is now expecting a material positive non-operating FX gain, resulting from the appreciation of some assets denominated in foreign currency in Egypt and the decline in some financial liabilities denominated in EGP in Saudi Arabia. The exact amount of this gain will be reported in 4Q16 financials depending on the EGP exchange rate at end of 2016. (Tadawul)