Edaa implements capital increase for 2P

  • 2P(1.84%)
10:07 AM (Mecca time) Argaam
Logo ofPerfect Presentation Co. for Commercial Services (2P)

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

The Securities Depository Center Co. (Edaa) implemented a capital increase for Perfect Presentation Co. for Commercial Services (2P) on Nov. 9, crediting the additional shares to eligible shareholders’ accounts.

 

According to data available with Argaam, 2P’s shareholders approved the board’s recommendation to increase capital by 10% from SAR 300 million to SAR 330 million, funded through the transfer of a portion of the retained earnings balance to the company’s capital account, with the purpose of allocating shares to the employee stock incentive program (ESIP).

 

The fluctuation limits for the company’s shares were calculated based on a price of SAR 9 for Nov. 5, and all existing orders have been cancelled.

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