Seera GA approves dissolution of merger of Lumi Rental, offers 30% of shares for public subscription in main market

Seera Group Holding Board of Directors announced on Wednesday the results of the extraordinary general assembly meeting (Second meeting) which was held on Tuesday, 20/12/2022 through modern technology methods, after one hour from the first meeting time due to non-completion of the legal quorum for the assembly of the first meeting.
Voting Results on the Items of the General Assembly’s Meeting Agenda’s:
1. Approve the demerger of Lumi Rental Company, and the offering of sixteen million, five hundred thousand (16,500,000) ordinary shares representing 30% of the share capital of Lumi Rental Company through an initial public offering on the Saudi Stock Exchange.