Lumi Rental Company
TTADAWUL:426219.90
SAR
-1.04
(-4.97%)
Lumi Rental Company
TADAWUL:4262
(Saudi Exchange)
Recent
price
19.90
P/E
ratio
12.70
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Lumi Rental Company (4262.SR) operates as a leading equipment rental provider in the Kingdom of Saudi Arabia, offering a comprehensive range of heavy machinery and construction equipment for rental to support infrastructure, construction, and industrial projects. The company provides specialized rental services including cranes, excavators, loaders, bulldozers, aerial work platforms, and material handling equipment; it also offers maintenance, transportation, and operator training services to ensure operational efficiency for clients. Headquartered in Riyadh, Saudi Arabia, and founded in 2008, Lumi Rental primarily serves contractors, developers, and government entities across the Middle East, with a focus on Vision 2030-related megaprojects in Saudi Arabia. Lumi Rental's core offerings encompass mobile cranes such as rough terrain and all-terrain models from leading brands like Liebherr and Tadano; earthmoving equipment including Caterpillar and Komatsu excavators, dozers, and wheel loaders; and access solutions like boom lifts and scissor lifts from Genie and JLG. The company extends its services to power generation rentals with generators and lighting towers, as well as specialized tools for oil & gas and mining sectors, targeting large-scale construction firms and EPC contractors. Its operations span key regions in Saudi Arabia, including Riyadh, Jeddah, Dammam, and expanding into neighboring GCC countries. In recent developments, Lumi Rental expanded its fleet in 2024 through a strategic partnership with international manufacturers to introduce electric and hybrid equipment aligned with Saudi Arabia's sustainability goals. The company secured a significant SAR 500 million financing round in early 2025 from local banks to fund acquisitions and new branch openings in the Eastern Province. Additionally, Lumi Rental launched a digital platform for real-time booking and fleet management in late 2024, enhancing customer access and operational transparency amid growing demand from NEOM and Qiddiya projects.