‎“Lumi Leasing” subscription coverage ratio hits 9446% ‎

Saudi Fransi Capital, the financial advisor, subscription manager, institutional subscription book manager, and underwriter for the public offering of Lumi Leasing Company, announced the successful completion of the book-building process for the institutional tranche of the company’s shares, and the final offering price was set at (66) riyals per share, with a coverage rate of 9446% of the total shares offered

Noting that the participating entities have fully subscribed to the shares offered, as 16.5 million ordinary shares have been allocated to them, representing 100% of the total shares offered for subscription as a first stage.

With the successful completion of the book-building process, as a second stage, 1.6 million ordinary shares, representing 10% of the total shares offered for public subscription, will be allocated to individual subscribers as a maximum.

It should be noted that Saudi Fransi Capital, in its capacity as the subscription manager, has completed with the receiving entities, namely Banque Saudi Fransi, Al Ahli Bank of Saudi Arabia and Riyad Bank, all the necessary preparations to receive subscription requests for investors from the retail segment, which will be for one day, corresponding to Tuesday, August 15, 2023.