2P shareholders OK reducing nominal value to SAR 1/share

  • 2P(1.30%)
08/06/2023 Argaam
Logo ofPerfect Presentationfor Commercial Services Co. (2P)

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

Shareholders of Perfect Presentation for Commercial Services Co. (2P) approved, on June 7, the board’s proposal for reducing the stock's nominal value from SAR 10 to SAR 1 per share, the company said in a Tadawul statement.

 

Nominal Value Reduction Details

Current Capital

SAR 150 mln

Current Number of Shares

15 mln

Nominal Value

SAR 10/share

Post-Stock Split Capital

SAR 150 mln

New Number of Shares

150 mln

Post-Stock Split Nominal Value

SAR 1/share
 

In a separate statement, the Saudi Exchange (Tadawul) said 2P’s daily trading fluctuation limit will be based today, June 8, on a share price of SAR 23.50. Outstanding orders will be canceled.

 

The Securities Depository Center Co. (Edaa) will deposit the stock split shares into investor portfolios by the start of trade on June 12.

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