Saudi Arabian auto rental firm Lumi hires banks for planned IPO

Saudi Arabian auto rental firm Lumi hires banks for planned IPO

Riyadh, Saudi Arabia. Photo by Hala AlGhanim on Unsplash

Saudi Arabian auto rental firm Lumi has hired Saudi Fransi Capital and EFG Hermes to arrange the sale of 30% of its shares in a planned initial public offering (IPO), two sources told Reuters.

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