“Vio” board recommends the distribution of profits for 2024 and the increase in capital

Yesterday, the Board of Directors of the Fio United Real Estate Development Company recommended distributing cash dividends to shareholders for the fiscal year 2024 AD.
The company said in a statement on Saudi Arabia’s circulation: The total amount distributed is 9.9 million riyals, while the number of shares due for profits is 33 million shares.
She added that the share share of the distribution is 30 halalas per share, while the distribution rate to the nominal share value is 30%.
The eligibility distributions of profits for shareholders who owned shares will be at the end of the trading day of the company’s general assembly and the company’s records of the company’s records at the Securities Center for Securities Company (the deposit center) at the end of the second trading day that follows the annual general assembly of the company, which will be announced later, while the date of the distribution will be announced later.
The Fio United Real Estate Development Company recommended to the extraordinary general assembly to increase the company’s capital by granting free shares to the company’s shareholders.
The company said: The increase in the capital by forming an amount of (880,455) from the balance of (additional capital) and the capital of 18 million from the balance of (issuance premium), and the capital of (14,119,545) of the balance of (remaining profits), by granting one share for each owned arrow.
The capital before the increase was 33 million riyals, while after the increase becomes 66 million riyals, an increase of 100%, while the number of shares before the increase is 33 million shares, while after the increase becomes 66 million shares.
According to the company, this increase aims to enhance the financial solvency of the company, support its expansion plans, and maximize the return on shareholders by developing its business and seizing the opportunities available in the real estate development sector.
The number of shares granted to each share is one share for each owned share.
The shares of the shareholders of shares and the traded in the company’s shareholders’ record will be at the Securities Depository Center (Deposit) at the end of the second trading day that follows the extraordinary general assembly day, which will be announced later.
In the event of stock fractures, they will be assembled in one portfolio for all shares campaign, sold at the market price, then distributing their value to the shareholders due 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.