RIYADH: Perfect Presentation for Commercial Services Co. plans to proceed with an initial public offering of a 30 percent stake on Saudi Exchange’s main market.
The Saudi Exchange approved the company’s application to list 4.50 million shares on Aug. 9, and the Capital Market Authority approved the listing on Sep. 12, according to a bourse filing.
Saudi Fransi Capital was appointed to serve as Perfect Presentation's financial advisor, bookrunner, lead manager, and underwriter.
The price for all buyers of the Shares will be determined after the book-building period.
Founded in 2004, Perfect Presentation For Commercial Service distributes electronic parts and electronic communications equipment wholesale.
