Lumi Rental company announces its intention to proceed with an initial public offering and listing of its shares on the main market of the Saudi Exchange

Lumi Rental company announces its intention to proceed with an initial public offering and listing of its shares on the main market of the Saudi Exchange

Overview of the Offering

- Lumi Rental Company (“Lumi” or the “Company”) will offer 16,500,000 shares (the “Offer Shares”), representing 30% of its issued share capital (the “IPO” or the “Offering”).

- The net proceeds of the Offering will be received by the Selling Shareholder, Seera Group Holding (formerly known as Al Tayyar Travel Group).

- Lumi’s shares are intended to be listed on the Saudi Exchange’s Main Market following the successful completion of the Offering and listing formalities with both the CMA and the Saudi Exchange.

- Saudi Fransi Capital has been appointed as Financial Advisor, Lead Manager, Bookrunner and Underwriter. EFG Hermes has been appointed as Bookrunner. Riyad Bank, Banque Saudi Fransi and Saudi National Bank have been appointed as Receiving Agents.

- All the Offer Shares will be offered to the Participating Parties (as defined below).

- If there is sufficient demand from Individual Investors (as defined below), and the Participating Parties subscribe to all the Offer Shares allocated to them, the Financial Advisor, in coordination with the Company, has the right to reduce the number of Shares allocated to the Participating Parties to 90% of the Offer Shares, and to offer 10% of the Offer Shares to Individual Investors.

Riyadh, Saudi Arabia: Lumi,