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Seera Group Holding announces the latest developments regarding the possibility of an initial public offering for its subsidiary Lumi Rental Company
| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement made by Seera Group Holding Company (“Seera”) dated 08/09/1444H (corresponding to 30/03/2023G) regarding the issuance of the Saudi Exchange (“Tadawul”) conditional approval to list the shares of Lumi Rental Company (“Lumi”), the subsidiary of Seera, on the Main Market, dated 05/09/1444H (corresponding to 27/03/2023G), and the issuance of the Capital Market Authority board resolution dated 07/09/1444H (corresponding to 29/03/2023G), approving the application of Lumi to register its shares and the offering of (16,500,000) shares representing (30%) of Lumi’s issued share capital through an initial public offering, Seera announces the intention of Lumi to offer (30%) of its issued share capital through an initial public offering (“the offering”) and to list its shares on the Main Market of the Exchange. The offering is expected to include the sale of (16,500,000) shares. For more information, please visit the website of the Capital Market Authority (www.cma.org.sa) to view the prospectus. |
| Previous Announcement | Seera announced the issuance of (“Tadawul”) decision dated 05/09/1444H (corresponding to 27/03/2023G), which includes approval to list the shares of Lumi on the Main Market, which was conditional on obtaining the Capital Market Authority’s approval, and the issuance of the Capital Market Authority board resolution dated 07/09/1444H (corresponding to 29/03/2023G), approving the request of Lumi to register its shares and the offering of (16,500,000) ordinary shares for public offering representing (30%) of Lumi’s share capital. |
| Date of Previous Announcement on Tadawul's Website | 2023-03-30 Corresponding to 1444-09-08 |
| Percentage of fulfilled achievement | N/A |
| Event's Expected Completion Date | N/A |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Last Price 25.5
Net Change -0.16 (-0.62%)
Value Traded (Sar) 15,429,999.1
Volume Traded 608,411
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