L'azurde Company for Jewelry

L'azurde Company for Jewelry is a Saudi public joint-stock company active in the retail sale of gold and jewelry. It is listed on the Saudi Stock Exchange 'Saudi Tadawul.' L'azurde Company for Jewelry was established in 2006 and is headquartered in Riyadh City.

It was listed on 'Saudi Tadawul' on June 26, 2016, and its shares are traded under the consumer durables and apparel sector with the name (Lazurde), symbol (4011), and International Securities Identification Number (ISIN) (SA1430IHULH1). The company's capital is SAR575 million.

L'azurde Company for Jewelry was initially established as a sole proprietorship under the name Saudi Gold and Pearl Factory, with commercial registration number 1010091134 on January 23, 1992, in Riyadh City, with a capital of SAR18.5 million. On July 13, 1994, the L'azurde trademark was registered for the first time, and on December 19, 1997, the company's name was changed to L'azurde Gold and Jewelry Factory. The L'azurde Gold and Jewelry Factory and several of its branches were converted into a closed joint-stock company under the name L'azurde Company for Jewelry by Ministerial Resolution No. 565 dated April 2, 2006, which announced the company's establishment. The commercial registration number is 1010221531, dated July 22, 2006, with a capital of SAR200 million divided into four million ordinary shares with a nominal value of SAR50 per share. The capital increase was covered by capitalizing SAR47.5 million, representing the total capital of the converted branches, in addition to capitalizing SAR134 million from the company's retained earnings. By the resolution of the Extraordinary General Assembly on September 22, 2007, the company's capital was increased to SAR300 million, divided into thirty million ordinary shares with a nominal value of SAR10 per share. This increase was achieved by capitalizing SAR100 million from the company's retained earnings. Additionally, by the resolution of the Extraordinary General Assembly on April 23, 2015, the company's capital was increased to SAR430 million through the issuance of thirteen million new ordinary shares with a nominal value of SAR10 per share. This was done by granting one free share for every 2.3 shares owned by shareholders registered in the company's records on the day of the assembly meeting. The company further increased its capital by the resolution of the Extraordinary General Assembly on June 2, 2021, to SAR575 million by issuing and listing rights issue shares, totaling 14.5 million ordinary shares with a nominal value of SAR10 per share, for shareholders owning shares on the day of the Extraordinary General Assembly meeting.

L'azurde Company for Jewelry manufactures and distributes gold and diamonds in the Middle East and North Africa regions. It is ranked as the fourth-largest gold manufacturer in the world. L'azurde Company for Jewelry has become a brand that offers its jewelry in the Middle East and North Africa, and it has reached more than forty-five countries worldwide.

According to the founding resolution, the company operates in the production, manufacturing, shaping, and crafting of gold artifacts, jewelry, and precious stones. It also deals in gold sets adorned with precious stones and engages in the wholesale and retail trade of precious metals, precious stones, gold jewelry, gold machinery, and jewelry accessories.

L'azurde Company for Jewelry produces more than three thousand different jewelry models each year, making it one of the largest jewelry manufacturers in the world. It specializes in eighteen-karat and twenty-one-karat gold and diamond jewelry.

L'azurde Company for Jewelry produces a variety of jewelry, including yellow gold, white gold, rose gold, eighteen-karat gold, twenty-one-karat gold, gold-plated items, and sterling silver. The company also produces chains, pendants, rings, bracelets, anklets, earrings, sets, half-sets, children's jewelry, gold coins, bullion, diamonds, colored gemstones, and pearls. The company owns several brands, including L'azurde, Instyle, Miss L', and Waves.