The Saudi Arabia Capital Markets Authority issued a resolution approving View United Real Estate Development Company’s request to increase its capital from SAR 33,000,000 to SAR 66,000,000 by issuing one bonus share for each existing share. The increase will be funded by transferring SAR 18,000,000 from the “Share premium” account and SAR 15,000,000 from “Retained earnings” to the company’s capital. As a result, outstanding shares will rise from 33,000,000 to 66,000,000 shares, an increase of 33,000,000 shares, with eligibility based on shareholders registered at the Security Depository Center as of the close of the second trading day after the due date to be set later by the company’s board. An extraordinary general assembly must be held within six months of the approval date, and the company must meet all regulatory requirements and applicable laws.
Saudi Arabia Capital Markets Authority 2025-10-29
Saudi Arabia Capital Markets Authority approves View United Real Estate Development capital increase to SAR 66 million via 1-for-1 bonus shares
The Saudi Arabia Capital Markets Authority approved View United Real Estate Development Company's capital increase from SAR 33 million to SAR 66 million by issuing one bonus share per existing share. The increase will be funded by transferring SAR 18 million from the "Share premium" account and SAR 15 million from "Retained earnings." The company must hold an extraordinary general assembly within six months and comply with regulatory requirements.