Logo of Lumi Rental Co.
Seera Holding Group announced Lumi Rental Co.’s intention to float 30% of its shares for public subscription and to its list on the Saudi main market (Tadawul).
In a statement to Tadawul, Seera said it expects the sale of 16.5 million shares.
On Aug. 24, Lumi issued the prospectus to float 16.5 million shares on Tadawul, Argaam earlier reported.
Participating parties entitled to participate in the book-building process will start registration on Aug. 30 until Sept. 5. Subscription by individual investors will be for one day only, on Sept. 12.
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