Latest news with #PerfectPresentation
Argaam
26-05-2025
- Business
- Argaam
2P renews, increases credit facility with SNB to SAR 73.6M
Perfect Presentation for Commercial Services Co. (2P) renewed and increased a Shariah-compliant credit facility to SAR 73.62 million with Saudi National Bank (SNB), the company said in a filing to Tadawul. The facility, secured today, May 26, will be utilized for awarded projects, as well as the issuance of letters of guarantees, credit, and invoice financing. The deal does not have any related parties, 2P said. The financing, available until May 30, 2026, is secured by promissory notes and covers the total amount, according to the statement.
Zawya
26-05-2025
- Business
- Zawya
Saudi-listed 2P expands, renews $20mln Islamic credit facility
Perfect Presentation for Commercial Services Company (2P) has renewed and expanded its Shariah-compliant facility with Saudi National Bank. The 73.6 million Saudi riyal ($19.62 million) facility will be used to support newly awarded projects through letters of guarantee, letters of credit and invoice financing. The facility has been extended until May 30, 2026, and is secured by promissory notes covering the entire facility amount. In April, 2P raised and renewed a facility agreement valued at SAR 150 million with Bank Aljazira.
Argaam
22-05-2025
- Business
- Argaam
2P renews SAR 265M credit facility deal with Al Rajhi Bank
Logo of Perfect Presentation for Commercial Services Co. (2P) Perfect Presentation for Commercial Services Co. (2P) renewed today, May 22, a Shariah-compliant credit facility deal worth SAR 265 million with Al Rajhi Bank. In a statement to Tadawul, the company said the one-year financing is covered by a promissory note. The facility will be used to fund new project contracts and support issuing letters of credit and guarantees, the statement added, indicating that no related parties are included in the deal.
Argaam
20-05-2025
- Business
- Argaam
2P wins SAR 122M maintenance contract in Eastern Health Cluster
Perfect Presentation for Commercial Services Co. (2P) won a SAR 122.2 million contract, inclusive of VAT, to operate and maintain digital health systems at the Eastern Health Cluster, the company said in a statement to Tadawul. The contract covers maintenance, operation, and technical support for computer systems, networks, infrastructure, applications, and storage at the cluster's facilities in the Eastern Province, including King Fahad Specialist Hospital in Dammam. The financial impact is expected to reflect positively from 2025 through 2030. 2P said there are no related parties to the agreement.
Argaam
18-05-2025
- Business
- Argaam
2P wins SAR 60.6M project from Saudi Red Crescent
Perfect Presentation for Commercial Services Co. (2P) secured a SAR 60.6 million contract, inclusive of VAT, from the Saudi Red Crescent Authority to supply and implement computer equipment and digital infrastructure across its affiliated sites. In a statement to Tadawul, 2P said the project will be implemented over 36 months and that its financial impact will be positive for the years 2025, 2026, 2027, and 2028. It also confirmed that there are no related parties involved. The company added that the project includes the provision of integrated services covering the supply, installation, operation, and technical support for digital infrastructure, including servers, network devices, firewalls, video walls, conferencing systems, workstations, and software. It also encompasses civil works as well as the rehabilitation and operation of local and wide area networks in line with the highest standards. The project aims to support the digital transformation of the Saudi Red Crescent Authority by interconnecting its facilities, centers, and vehicles across the Kingdom through a unified smart network. This network will support Internet of Things (IoT) capabilities and integrate with the authority's systems to ensure business continuity and enhance digital infrastructure efficiency. According to the statement, it will also strengthen the Authority's capabilities through centralized management, automation, and AI-driven analytics, contributing to improved performance and faster emergency response.
