Saudi Regulator Approves Transfer of Nearly 21% Stake in 2P

09:12 AM EST, 01/05/2026 (MT Newswires) -- Saudi Arabia's Capital Market Authority approved the proposed transfer of shares in Perfect Presentation for Commercial Services (SASE:7204), d/b/a 2P, to the investment portfolios of its shareholders and certain affiliates. Al-Amthal Business and Commercial Investment, one of the group's major shareholders, requested the transfer of 68,460,000 shares in the Saudi-listed information technology services company, representing 20.74% of 2P, according to a Monday release. The approval follows the fulfillment of all regulatory requirements set by the Capital Market Authority and other relevant authorities.