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Logo of Perfect Presentation for Commercial Services Co. (2P)
Perfect Presentation for Commercial Services Co.'s (2P) shareholders are set to vote on a board recommendation of a capital increase, according to a statement to Tadawul.
|
Capital Hike Details |
|
|
Current Capital |
SAR 150 mln |
|
Current Number of Shares |
150 mln |
|
Percentage of Increase |
100% |
|
Method |
1-for-1 bonus share distribution, via capitalizing SAR 150 million from the retained earnings |
|
New Capital |
SAR 300 mln |
|
New Number of Shares |
300 mln |
|
Reason |
To boost the company's capital base to enhance future growth plans. |
|
Record Date |
For shareholders registered at the end of the trading day of the EGM date, which will be set later, and those registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day following the record date. |
Other agenda items include voting on authorizing the board of directors to pay interim dividends on a semi-annual or quarterly basis for 2024.
For more news on listed companies
In May, 2P obtained the market regulator’s nod to increase its capital from SAR 150 million to SAR 300 million via a bonus issue, Argaam reported.
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