2P reaches SAR 4M settlement for headquarters fire

A 2P pavillion at an exhibition

Perfect Presentation for Commercial Services Co. (2P) stated that it reached on Dec. 30 a full and final settlement of SAR 4 million with Arabian Shield Insurance Co. for the insurance claim for damages from the fire that broke out at the company’s headquarters.

 

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The relevant financial impact will appear in Q4 2024.

 

On Sept. 25, 2P reported that a fire broke out at its headquarters in Al Qirawan district of Riyadh, according to data available with Argaam.

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