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Lumi Remains Positioned for Growth
Lumi Leasing Company has announced expectations of strong medium-term growth, with an increase in profit margins and the maintenance of an attractive stock valuation, despite temporary challenges resulting from geopolitical conditions and the postponement of some projects. The long-term leasing sector is projected to achieve a compound annual growth rate of 4.9% during the period 2025–2030, with a gradual recovery in used-car sales to 449 million riyals by 2030. The company also anticipates an improvement in its financial position, reducing the debt-to-equity ratio to 0.52 times by 2030, which supports an increase in profit margins and net profits to reach 280 million riyals.
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