Wed Nov 16, 2022 16:19:48

Saudi Exchange celebrates the listing of Perfect Presentation for Commercial Services Company on the Main Market

Riyadh, 16 November 2022: The Saudi Exchange celebrated the Perfect Presentation for Commercial Services Co. (2P), one of the leading ICT service providers in the kingdom as it lists on the Main Market. The ceremony was attended by Mr. Mohammed Al Rumaih, CEO of Saudi Exchange, and Mr. Nasser Al Bassam, Chairman of Perfect Presentation and number of their excellencies and senior executives.

Commenting on the occasion, Mohammed Al Rumaih, CEO of Saudi Exchange, said, “We are delighted to welcome Perfect Presentation as one of the first ICT companies to list on the Saudi Exchange. The technology sector is rapidly growing in the region and the ICT sector presents opportunities for investors. The Saudi Exchange’s strategy remains fully aligned with kingdom’s ambition to further diversify Saudi Arabia’s capital market and position it as an attractive destination for international capital. We would like to congratulate the 2P’s management and look forward to following their journey as a listed company.”

“Becoming a listed company on the Saudi Exchange is an achievement for the entire 2P group and something we have been working towards for a long time. We aim to elevate our digital capabilities and scale our operations to offer comprehensive and tailored solutions to our clients. The listing will further propel our future growth in line with market demands and enable us to maintain and enhance our position as the leading ICT company in the Kingdom” said Nasser Al Bassam, Chairman of Perfect Presentation.

In alignment with Vision 2030’s Financial Sector Development Program, Saudi Exchange is committed to working alongside related authorities to improve procedures and simplify requirements for companies looking to list in the Saudi Capital Market. This builds on the Exchange’s vision to elevate its position locally, regionally, and internationally, as a lucrative destination for investors and issuers.

Perfect Presentation for Commercial Services Co. offered 4.5 million shares, representing 30% of the company’s share capital set at an offering price of SAR 185.00.

2P has well-established and long-standing relationships with some of the world's leading technology service companies in the region. As part of its growth strategy, the company seeks to expand its partnerships globally, enabling it to develop its products and services, to keep pace with the developments in the Kingdom’s ICT sector.

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