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Thndr Claps » Saudi Claps » IPO Watch 👀 » Seera to IPO subsidiary “Lumi” ✅

Seera to IPO subsidiary “Lumi” ✅

by Omar El Shorafa
November 27, 2022

The Clap
After studying the possibility of Lumi’s IPO, Seera (1810) is set to demerge from Lumi as Lumi’s IPO will constitute a demerger, subject to the approval of Seera shareholders. 

What
Seera will invite shareholders to attend the General Assembly to vote on the demerger, in addition to sending a brief to shareholders containing more information about the demerger process.

So What
Lumi, a subsidiary of Seera, specializes in car rental services.

Now What
Seera indicated in its statement that its BoD approved the demerger on November 21.

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