2P CEO: We increased capital with to finance expansions, 80% of our revenues are from government sector

Ihsan Daghman, CEO of the Perfect Presentation Company for Commercial Services – “2P”, said that increasing the company’s capital from 150 million to 300 million riyals aims to finance the expansions that took place in the company’s business during the second and third quarters of 2023, by transferring retained profits to capital. the money.

Dagman explained, in an interview with Al Arabiya Business, that 80% of the company’s revenues come from the government sector and the remaining percentage from the private sector, noting the diversity of clients between the governmental and non-governmental sectors.

He pointed out that in the first quarter of the current year, 31% of revenues came from the operation and maintenance portfolio, 34% from customer experience, 27% from software development, and 6% from managed services, which is a new unit established in the second quarter of 2023, in addition to the contribution of the unit. Cybersecurity, which was launched in the last quarter of last year, represented 2% of total revenues.

He explained that the perfect display company for commercial services “Tubi” announced that it had obtained the approval of the Saudi Capital Market Authority to increase its capital from 150 million riyals to 300 million riyals.