Logo ofView United Real Estate Development Co.
View United Real Estate Development Co. board of directors recommended yesterday, April 13, increasing capital via a 100% bonus issue (one bonus share for every share held), according to a statement toTadawul. 
In a separate filing to Tadawul, View announced that the board proposed a cash dividend payment at 30%, or SAR 0.3 a share, for 2024.
Details of Capital Top-Up – Bonus Issue
Current Capital
SAR33 mln
Number of Shares
33 mln
Nominal Value
SAR 1/share
Percentage of Capital
100%
New Capital
SAR66 ln
No. of Shares
66 mln
Mechanism
One bonus share for every share held
Method
Capitalizing SAR880,460from additional capital.
Capitalizing SAR 18 mln from issue premium account
Capitalizing SAR 12 mln from retained earnings.
Record Date
Shareholders registered with Edaa on the second trading day following the extraordinary general meeting (EGM) which will be determined later.
Reason
Boosting solvency margin, supporting expansion plans, maximizing shareholders’ return through business development and exploiting available opportunities in the real estate development sector.
Cash Dividend
Current Capital
SAR33 mln
No. of Shares
33 mln
Total Dividend
SAR 9.90 mln
Percentage of Capital
30% (SAR 0.3 a share)
Record Date
Shareholders registered with Edaa on the second trading day following the extraordinary general meeting (EGM) which will be determined later.
Payment Date
To be determined later
Share fractions, if any, will be compiled in one portfolio and will be offered at market price with proceeds to be distributed pro rata within 30 days.
The capital increase and dividend payment are subject to the approvals of the competent authorities and the upcoming extraordinary general meeting (EGM).
Logo ofView United Real Estate Development Co.
View United Real Estate Development Co. board of directors recommended yesterday, April 13, increasing capital via a 100% bonus issue (one bonus share for every share held), according to a statement toTadawul.
In a separate filing to Tadawul, View announced that the board proposed a cash dividend payment at 30%, or SAR 0.3 a share, for 2024.
Details of Capital Top-Up – Bonus Issue
Current Capital
SAR33 mln
Number of Shares
33 mln
Nominal Value
SAR 1/share
Percentage of Capital
100%
New Capital
SAR66 ln
No. of Shares
66 mln
Mechanism
One bonus share for every share held
Method
Capitalizing SAR880,460from additional capital.
Capitalizing SAR 18 mln from issue premium account
Capitalizing SAR 12 mln from retained earnings.
Record Date
Shareholders registered with Edaa on the second trading day following the extraordinary general meeting (EGM) which will be determined later.
Reason
Boosting solvency margin, supporting expansion plans, maximizing shareholders’ return through business development and exploiting available opportunities in the real estate development sector.
Cash Dividend
Current Capital
SAR33 mln
No. of Shares
33 mln
Total Dividend
SAR 9.90 mln
Percentage of Capital
30% (SAR 0.3 a share)
Record Date
Shareholders registered with Edaa on the second trading day following the extraordinary general meeting (EGM) which will be determined later.
Payment Date
To be determined later
Share fractions, if any, will be compiled in one portfolio and will be offered at market price with proceeds to be distributed pro rata within 30 days.
The capital increase and dividend payment are subject to the approvals of the competent authorities and the upcoming extraordinary general meeting (EGM).
