Wikipedia

Lumi Rental

Lumi Rental (known as Lumi) is a Saudi Arabian company specializing in car, bus, and motorcycle rentals. It has been listed on the Saudi Stock Exchange (Tadawul) since 2023.[1]

Lumi Rental
Typejoint stock
Founded2006; 20 years ago (2006)
HeadquartersRiyadh, Saudi Arabia
Websitelumirental.com

History

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Lumi was founded in 2006 as a subsidiary of Seera Group Holding under the brand name STRAC and operates in the car rental sector in Saudi Arabia.[2][3] In 2021, Lumi opened branches at Taif International Airport and King Saud Domestic Airport in Al-Baha.[4] The company also launched a touring and cruiser motorcycle rental service through kiosks located inside BMW and Harley-Davidson showrooms.[5]

In September 2022, Lumi opened its first used-car showroom in Riyadh to sell vehicles taken out of its rental fleet, and later opened a showroom in Jeddah in 2023.[6][7]

In April 2023, Lumi signed two long-term vehicle rental contracts with Saudi Aramco, covering the rental of 3,003 vehicles for periods ranging from three to five years.[8] The following month, the company signed an agreement with Saudi Airlines to provide benefits to members of its loyalty program, including innovative transportation and car rental services.[9] In June 2023, the company entered into a vehicle leasing agreement with Saudi Post to supply a fleet of 855 vehicles.[10][11]

In November 2023, Lumi provided fleet management and transportation services to the Royal Commission for Al-Ula Governorate.[12]

In 2023, Lumi embarked on an initial public offering (IPO) on the Saudi Stock Exchange (Tadawul). The company announced the offering in August, and its shares began trading in September of the same year, rising on their market debut.[13]

Lumi launched its motorcycle rental services in Saudi Arabia in July 2024, opening branches in Riyadh and Jeddah.[14] In November 2024, Lumi signed a letter of commitment for award and supply with the Saudi Technology and Security Comprehensive Control Company (Tahakom) to provide vehicle rental services.[15]

In March 2025, Lumi opened its largest service and maintenance center in Tabuk to support its car and bus operations, in addition to its existing facilities in Riyadh, Jeddah, and Al Khobar.[16] In June 2025, Lumi signed an agreement with the National Unified Procurement Company (NUPCO) to provide inventory management and medical supply transportation services.[17]

References

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  1. ↑ Turak, Natasha (2023-09-25). "Saudi Arabia's auto rental firm Lumi pops 30% in stock market debut". CNBC. Retrieved 2026-03-09.
  2. ↑ Benny, John. "Saudi Arabia's Lumi to list 30% stake on Tadawul". The National. Retrieved 2026-03-09.
  3. ↑ "Saudi car rental Lumi begins IPO book building to raise to $290m". Arab News. Retrieved 2026-03-09.
  4. ↑ الموقع, محرر في (2021-03-15). "لومي في مجموعة سيرا توسع حضورها في المملكة بافتتاح فروع جديدة في 3 مطارات". أريبيان بزنس (in Arabic). Retrieved 2026-03-09.
  5. ↑ "Discover Kingdom: Lumi offers Harley-Davidson rentals". Arab News. 2021-10-09. Retrieved 2026-03-09.
  6. ↑ "Saudi Arabian auto rental firm Lumi hires banks for planned IPO -sources". Reuters.
  7. ↑ Writer, Staff (2023-06-19). "Used car sales in Saudi Arabia: Lumi opens Jeddah showroom, targets $10.4bn sector". Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Retrieved 2026-03-09.
  8. ↑ ""لومي" توقع عقدين لتأجير سيارات لـ"أرامكو"مقابل 471 مليون ريال". العربية (in Arabic). 2023-04-27. Retrieved 2026-03-10.
  9. ↑ الخطوط الجوية العربية السعودية. "الخطوط السعودية توقع مذكرة تفاهم مع لومي لتأجير السيارات". saudia.com (in Arabic). Archived from the original on 2023-05-05. Retrieved 2026-03-10.
  10. ↑ "Seera's Lumi and Saudi Post sign SR42m vehicle leasing agreement". Arab News. 2023-06-14. Retrieved 2026-03-10.
  11. ↑ الرياض, المدينة- (2023-06-09). "لمدة 34 شهرًا.. البريد السعودي يوقع اتفاقية بقيمة 42 مليون ريال". جريدة المدينة (in Arabic). Retrieved 2026-03-10.
  12. ↑ ""لومي" توقع عقد تأجير 264 مركبة بـ41.8 مليون ريال للهيئة الملكية لمحافظة العلا". العربية (in Arabic). 2023-11-30. Retrieved 2026-03-10.
  13. ↑ Muzoriwa, Kudakwashe (2023-09-26). "EFG Hermes concludes advisory on Lumi Rental's $290m IPO". Retrieved 2026-03-10.
  14. ↑ "Lumi opens first motorcycle rental outlets in KSA". Arab News. 2024-07-23. Retrieved 2026-03-10.
  15. ↑ ""لومي" توقع خطاب التزام مع "تحكم" السعودية لتأجير 1189 مركبة". العربية (in Arabic). 2024-11-21. Retrieved 2026-03-10.
  16. ↑ "Lumi opens largest service and maintenance center in Tabuk". Arab News. 2025-03-12. Retrieved 2026-03-10.
  17. ↑ ""لومي للتأجير" توقع اتفاقية إطارية مع "نوبكو" لتقديم خدمات نقل المستلزمات الطبية". العربية (in Arabic). 2025-06-02. Retrieved 2026-03-10.
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