2P reaches SAR 4M settlement for headquarters fire

Perfect Presentation for Commercial Services Co. (2P) stated that it reached on Dec. 30 a full and final settlement of SAR 4 million with Arabian Shield Insurance Co. for the insurance claim for damages from the fire that broke out at the company’s headquarters.

The relevant financial impact will appear in Q4 2024.

On Sept. 25, 2P reported that a fire broke out at its headquarters in Al Qirawan district of Riyadh, according to data available with Argaam.