According to Bloomberg, citing unnamed sources, the Saudi Arabian Elected Presentation Company (2P) is expected to be valued at $ 1 billion after its initial public offering.
The company announced plans to offer around 30% of its shares on October 9, and its shares will begin trading on the Saudi stock exchange in November, according to Bloomberg.
According to Bloomberg, Saudi Fransi Capital will take on the role of financial advisor and lead manager for the offering, whose book creation process will begin next week.
The Perfect Presentation Company, founded in 2003, provides information and communication technology services and solutions in Saudi Arabia through 3 business units: the Software Development Unit, the Operations and Maintenance Unit and the Experience Unit of the customer.
(Prepared by: Shaima Hefzy, Editing: Reem Shams El-Din, contact [email protected])
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