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View United Real Estate Development Gets Shareholder Approval for Capital Increase

MT Newswires·12/10/2025 00:25:49
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12:25 AM EST, 12/10/2025 (MT Newswires) -- View United Real Estate Development (SASE:9591) secured shareholder approval for a proposed capital increase following an extraordinary general meeting on Tuesday, according to a Wednesday release. The process will be carried out through the issuance of one bonus share for every one existing share held by shareholders, raising the real estate developer's capital to 66 million Saudi riyals from 33 million riyals. The company's shares will also increase to 66 million from 33 million. The transaction is intended to boost the group's capital base.