View EGM approves 100% capital hike via bonus shares

View says capital increase will be by granting one bonus share for every share held

View United Real Estate Development Co.’s shareholders approved a 100% capital increase through the issuance of bonus shares, during the extraordinary general meeting (EGM) held on Dec. 9.

The increase will be through granting one bonus share for every share held.

In a statement to Tadawul, the company said fractional shares, if any, will be collected in a single portfolio to be sold at market price. The proceeds will then be distributed among eligible shareholders pro rata within 30 days maximum from the date of determining each shareholder’s eligible shares.

In April, the company’s board of directors recommended a 100% capital increase through bonus shares, Argaam reported earlier.

Separately, Tadawul announced that the price fluctuation limits for the company’s share will be based on a price of SAR 2.99 for today, Dec. 10, and that all existing orders will be canceled.

The Securities Depository Center Co. (Edaa) will credit the bonus shares to shareholders’ portfolios before the start of trading on Dec. 14, 2025.