AI Summary
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.
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Capital Increase Highlights |
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Current Capital |
SAR 33 mln |
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Number of Shares |
33 mln |
| Nominal Value | SAR 1 per share |
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Percentage of Capital Increase |
100% |
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New Capital |
SAR 66 mln |
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New Number of Shares |
66 mln |
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Method |
One share for every share held |
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Funding |
Capitalizing SAR 18 mln from issuance premium account, SAR 15 mln from retained earnings |
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Record Date |
Dec. 9, 2025 (Shareholders registered with Edaa by the end of the second trading day after the record date) |
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Reason |
Strengthening the capital base to enhance company strategies and expansion plans |
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.
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