2P secures CMA go-ahead on 10% capital hike

Logo of Perfect Presentation for Commercial Services Co. (2P) 

The Capital Market Authority (CMA) approved Perfect Presentation for Commercial Services Co.'s (2P) request to raise its capital from SAR 300 million to SAR 330 million through a capitalization issue.

In its statement, the CMA said the planned capital increase will be funded by transferring SAR 30 million from retained earnings. The company must hold an extraordinary general meeting (EGM) within six months of this approval and complete all required regulatory procedures.

According to data available with Argaam, 2P previously recommended a 10% capital increase, from SAR 300 million to SAR 330 million, by transferring a portion of its retained earnings to the capital account.

The additional shares will be allocated to the company’s employee stock incentive program (ESIP).

2P said the capital hike is intended to issue 30 million new shares to launch an ESIP. The program aims to strengthen employee loyalty, attract top talents, and support robust growth, in line with the company’s expansion strategy.