Electronic parts distributor Perfect Presentation to float 30% of its shares on TASI in an IPO

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.