Lumi, a leading mobility service provider in Saudi Arabia, has announced a new partnership agreement with Abdul Latif Jameel Finance, one of the country’s foremost providers of innovative financial solutions regulated by the Saudi Central Bank. The agreement aims to offer financing options for customers looking to purchase used cars through the company’s auto financing product, supporting Lumi’s expansion by forming strategic partnerships with top financial institutions.
This collaboration reflects Lumi’s commitment to offering advanced solutions that enhance convenience and accessibility for customers purchasing used vehicles. It also highlights Abdul Latif Jameel Finance’s confidence in providing flexible and affordable financing options that simplify the car ownership process.
On this occasion, Azfar Shakeel, CEO of Lumi
Stated that signing this agreement represents another milestone in the company’s growth journey and demonstrates its continuous efforts to improve the customer experience in the used car market. He added that this partnership underscores the trust major financial partners place in Lumi, strengthening its position in the market.
Dr. Khaled Al-Shareef, CEO of Abdul Latif Jameel Finance
“Highlighted that the company has long played a leading role in making car ownership accessible in the Kingdom. Today, it continues to build on this legacy in the rapidly growing used car sector. He emphasized that this initiative directly responds to evolving customer needs and reaffirms the company’s commitment to offering innovative, transparent, and reliable financing solutions that empower customers at every step of their car ownership journey”.
With rising demand for used cars in Saudi Arabia
more consumers are seeking flexible and affordable payment options. Lumi’s used-car sales platform forms part of its long-term strategy to refresh its fleet while offering customers high-quality new and used vehicles.
With a fleet of more than 35,000 well-maintained vehicles across 42 locations nationwide
Lumi provides a seamless booking experience supported by efficient, technology-driven customer service. As one of the leading car-rental companies in Saudi Arabia, operating in 18 cities, Lumi is well positioned to meet the needs of the Kingdom’s growing population.
Lumi’s offerings include digital car and motorcycle rentals, corporate and government leasing services, and used-car sales through an expanding branch network. Its operations align with Saudi Vision 2030, which aims to enhance land mobility through modern, digitally accessible transportation solutions.
