| Element List | Explanation |
|---|---|
| Introduction | VIEW United Real Estate Development Company announces to its shareholders the results of the Extraordinary General Assembly Meeting (AGM) including the increase in the company's capital (the first meeting), which was held at (19:00) on Tuesday 18/06/1447 AH corresponding to 09/12/2025 in Riyadh - the company's headquarters - through modern technology means, after the completion of the quorum for the validity of the EGM meeting. |
| City and Location of the Extraordinary General Assembly's Meeting | Riyadh - the company's headquarters - through modern technology. |
| Date of the Extraordinary General Assembly's Meeting | 2025-12-09 Corresponding to 1447-06-18 |
| Time of the General Assembly’s Meeting | 19:00 |
| Percentage of Attending Shareholders | 80.85% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | 1- Ahmed Al-Harbi (Chairman) 2- Mohammed Al-Dawood (Vice Chairman) 3- Mohammed Al-Bassam (Board Member) 4- Zaher Al-Hajjaj (Board Member) 5- Louay Baras (Board Member) |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Names of Those Attending on their Behalf | 1- Mohammed Al-Bassam (Chairman of the Nomination and Remuneration Committee) 2- Zaher Al-Hajjaj (Chairman of the Audit Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. Approval of the Board of Directors' recommendation regarding increasing the Company's capital by granting bonus shares to the Company's shareholders in accordance with the following: • The capital before the increase is an amount of (33,000,000) Thirty Three Million Saudi Riyals. • The capital after the increase is an amount of (66,000,000) sixty-six million Saudi riyals. • Capital Increase Percentage: 100%. • The number of shares before the increase (33,000,000) thirty-three million shares. • The number of shares after the increase (66,000,000) sixty-six million shares. • Method of Covering the Increase: By capitalizing an amount of (18,000,000) Eighteen Million Saudi Riyals from the balance of the issuance bonus, and capitalizing an amount of (15,000,000) Fifteen Million Saudi Riyals from the balance of retained profits. • Increase rate per share: A number of (1) bonus shares will be granted for each shareholder who owns (1) shares. • Reasons for the increase: The reasons for the capital increase lie in strengthening the capital base of VIEW United Real Estate Development Company, which leads to the strengthening of the company's future and expansion plans, strategies, and plans. • Promotion Shares' Eligibility Date: The Bonus Shares Eligibility Date for the Company's shareholders who own shares will be on the day of the Extraordinary General Assembly registered in the Company's Shareholders' Register at the Securities Depository Center Company (Edada) at the end of the second trading day following the Maturity Date. • Fractional Shares, if any, Processing: In the event of fractional shares, they will be aggregated into one portfolio for all shareholders, sold at the market price, and then distributed to the shareholders entitled to the grant, each according to his share, within a period not exceeding 30 days from the date of determining the shares due to each shareholder. • Amending Article (Seven) of the Company's Articles of Association related to the capital. (Attached) • Amending Article (Eight) of the Company's Articles of Association related to the subscription of shares. (Attached) 2- Approval of the amendment of Article (Four) of the Company's Articles of Association related to (the Company's Purposes). (Attached) |
