A 2P pavillion at an exhibition
Perfect Presentation for Commercial Services Co.’s (2P)board of directors recommended a 10% capital increase from SAR 300 million to SAR 330 million, to be funded by capitalizing part of retained earnings. 
The capital top-up proceeds will be allocated to the company’s employee stock incentive program
Capital Hike Details
Current Capital
SAR 300 mln
No. of Shares
300 mln
Par Value
SAR 1 per share
Percentage of Increase
10%
Method
Capitalizing SAR 30 mln from retained earnings, by issuing 30 mln shares
New Capital
SAR 330 mln
New Number of Shares
330 mln
Reason
To be allocated to the employee stock incentive program
For more news on listed companies
Under the planned capital hike, 2P will issue as many as 30 million shares, to be earmarked for the company’s employee share program that is yet to be established.
The employee stock incentive program should strengthen the employees’ loyalty, while also helping attract talent and achieving solid growth rates in accordance with the company’s growth plan.
The proposed capital hike and new shares issuance remain conditional on obtaining the necessary approvals from the regulatory authorities and the extraordinary general assembly, 2P noted.
A 2P pavillion at an exhibition
Perfect Presentation for Commercial Services Co.’s (2P)board of directors recommended a 10% capital increase from SAR 300 million to SAR 330 million, to be funded by capitalizing part of retained earnings.
The capital top-up proceeds will be allocated to the company’s employee stock incentive program
Capital Hike Details
Current Capital
SAR 300 mln
No. of Shares
300 mln
Par Value
SAR 1 per share
Percentage of Increase
10%
Method
Capitalizing SAR 30 mln from retained earnings, by issuing 30 mln shares
New Capital
SAR 330 mln
New Number of Shares
330 mln
Reason
To be allocated to the employee stock incentive program
For more news on listed companies
Under the planned capital hike, 2P will issue as many as 30 million shares, to be earmarked for the company’s employee share program that is yet to be established.
The employee stock incentive program should strengthen the employees’ loyalty, while also helping attract talent and achieving solid growth rates in accordance with the company’s growth plan.
The proposed capital hike and new shares issuance remain conditional on obtaining the necessary approvals from the regulatory authorities and the extraordinary general assembly, 2P noted.
