|With reference to the announcement made by Seera Group Holding ("Seera") on 03/05/1444H (corresponding to 27/11/2022G) regarding the conclusion of its feasibility study and its conclusion that the proposed initial public offering of its subsidiary Lumi Rental Company ("Lumi") will constitute a demerger (the "Demerger") requiring the approval of the shareholders of Seera, and with reference to the announcement made by Seera on 27/05/1444H (corresponding to 21/12/2022G) on the results of the Extraordinary General Assembly Meeting, in which the Demerger was approved, Seera announces that it submitted an application for the registration and offering of sixteen million, five hundred thousand (16,500,000) ordinary shares representing 30% of the share capital of Lumi Rental Company to the Capital Market Authority ("CMA") along with the submission of an application for the listing of its shares on the Saudi Primary Market
|Seera announces the conclusion of its feasibility study and its conclusion that the proposed initial public offering will constitute a demerger (the "Demerger") and as such it is subject to the approval of the shareholders of Seera.
|Date of Previous Announcement on Tadawul’s Website
|2022-11-27 Corresponding to 1444-05-03
|Percentage of fulfilled achievement
|Event’s Expected Completion Date
|Expected date of the CMA’s approval of the application for the registration and offering of Lumi’s shares to the public and the Saudi Exchange’s approval of the application to list Lumi’s shares on the Saudi Primary Market is before the end of 2023G.
|Reasons for Exceeding the Announced End Date
|The costs associated with the event, and if they have changed or not with indication of the reasons.
|Impact of the Delay on the Company’s Financial Results