2P board recommends 10-to-1 stock split

11/04/2023 Argaam
Logo of Perfect Presentation for Commercial Services Co. (2P)

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


Perfect Presentation for Commercial Services Co.’s (2P) board proposed splitting the stock's nominal value from SAR 10 to SAR 1 per share.

 

In a statement to Tadawul, the company indicated that the number of shares will increase from 15 million to 150 million.

 

2P is committed to completing the necessary related procedures and will announce relevant developments in due course. 

 

Details on Change in Par Value

Current Capital

SAR 150 mln

Current Number of Shares

15 mln

Par Value

SAR 10/share

Capital After Stock Split

SAR 150 mln

New Number of Shares

150 mln

Par Value after Stock Split

SAR 1/share

 

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