Logo ofLumi Rental Co.
Shareholders of Lumi Rental Co.approved on June 21 the transfer of the company’s general reserve balance of SAR 29.5 million and its other reserve balance of SAR 26.1 million, as reported in the financial statements for 2025, to retained earnings. 
According to a statement to Tadawul, shareholders also approved an amendment to the company’s bylaws by adding a new article titled “Participation and Ownership in Companies.”
Under the new article, Lumi may establish wholly owned companies of any legal form in accordance with the Companies Law; participate with others in establishing companies; acquire shares and stakes in existing companies; or merge with them, subject to applicable laws, regulations, and instructions.
The company may also dispose of such shares or stakes, provided that such activities do not include brokerage services.
Shareholders also approved the remaining items on the agenda, the statement added.
Logo ofLumi Rental Co.
Shareholders of Lumi Rental Co.approved on June 21 the transfer of the company’s general reserve balance of SAR 29.5 million and its other reserve balance of SAR 26.1 million, as reported in the financial statements for 2025, to retained earnings.
According to a statement to Tadawul, shareholders also approved an amendment to the company’s bylaws by adding a new article titled “Participation and Ownership in Companies.”
Under the new article, Lumi may establish wholly owned companies of any legal form in accordance with the Companies Law; participate with others in establishing companies; acquire shares and stakes in existing companies; or merge with them, subject to applicable laws, regulations, and instructions.
The company may also dispose of such shares or stakes, provided that such activities do not include brokerage services.
Shareholders also approved the remaining items on the agenda, the statement added.
