View board proposes stock split

10/10/2024 Argaam

View United Real Estate Development Co.’s board of directors recommended cutting the stock’s nominal value from SAR 10 to SAR 1 a share, during an extraordinary general meeting (EGM) today, Oct. 10, according to a statement to Tadawul.

 

Therefore, the company’s share capital will increase from 3.3 million to 33 million shares, the statement added.

 

Any relevant developments will be announced in due course.

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