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Perfect Presentation for Commercial Services Co. (2P) has been awarded a major project contract valued at SAR 73.7 million, inclusive of VAT, by the Jeddah Municipality. The contract focuses on the operation and maintenance of cybersecurity devices and systems across the municipality's digital infrastructure. Under the scope of the agreement, 2P will manage over 25 cybersecurity solutions, handle licensing, provide technical support, and ensure compliance with strict Service Level Agreements (SLAs).
The contract extends beyond basic infrastructure maintenance to include comprehensive cybersecurity governance, risk management, regulatory compliance, and system upgrades. Additionally, 2P will deliver security policy enhancements and continuous cybersecurity awareness initiatives to elevate the municipality's overall operational security maturity. The company noted that no related parties are involved in the transaction, highlighting transparent corporate execution.
Financially, 2P announced that the project is expected to generate a positive earnings impact spanning the fiscal years 2026 through 2029. For investors in Saudi equities, this recurring contract underscores 2P's strategic positioning within the Kingdom's rapidly growing IT and cybersecurity sector, supported by national initiatives under Vision 2030.
