Lock-up period for 2P major shareholders ends today

16/05/2023 Argaam

Lock-up period for 2P major shareholders ends today

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


The lock-up period imposed on Perfect Presentation for Commercial Services Co. (2P) major shareholders ends today, May 16 – six months after its shares were listed on the Saudi Exchange (Tadawul) on Nov. 16, 2023.

 

The lock-up was imposed on the major shareholders, who own a total of 41% of the company’s capital, or 6.41 million shares, of the total 15 million shares.

 

These shareholders may now dispose of their shares without the need to obtain prior approval from the Capital Market Authority (CMA).

 

Major Shareholders

Shareholders

Post-IPO

Number of Shares (‘000)

Ownership (%)

Al Amthal
Commercial
and
Investment
Co.

3423

22.82%

Salih Ibrahim Al
Mazrou

1365

9.10 %

Nasser Abdullah Mohammed Al-Bassam

1365

9.10 %

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