L’azurde for Jewelry (4011.SE) announced, on Monday, the signing of an MoU with Tamkeen Industrial and Trading Company to acquire 100% equity stake of Izdiad Commercial Company of Arabia. Izdiad is a limited liability company, operating in the affordable luxury jewelry retail sector. The duration of the deal is a period of eight weeks from the signing date, extendable on the parties’ agreement. The transaction will be financed by bank credit facilities, and cash generated from operational activity.
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