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View United Real Estate Development Co.
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- Real Estate Mgmt & Dev't
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- **52 Week Price Change = (Current Price - Price year ago) / Price year ago x 100
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Announcements
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Dividends
| Announced Date | Eligibility Date | Distribution Date | Distribution Way | Dividend Amount |
|---|---|---|---|---|
| 25/04/2024 | N/A | N/A | Account Transfer | ^3.00 |
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Financials
- FINANCIAL INFORMATION
- FINANCIAL STATEMENTS AND REPORTS
- Annually
- Quarterly
| Balance Sheet | 2024-12-31 | 2023-12-31 | ||
|---|---|---|---|---|
| Total Assets |
141,334
|
81,644
|
- | - |
| Total Liabilities |
64,035
|
15,607
|
- | - |
| Total Shareholders Equity (After Deducting the Minority Equity) |
77,299
|
66,037
|
- | - |
| Total Liabilities and Shareholders Equity |
141,334
|
81,644
|
- | - |
| Statement of Income | 2024-12-31 | 2023-12-31 | ||
| Total Revenue (Sales/Operating) |
92,492
|
90,716
|
- | - |
| Net Profit (Loss) before Zakat and Tax |
22,312
|
19,443
|
- | - |
| Zakat and Income Tax |
-1,107
|
-1,227
|
- | - |
| Net Profit (Loss) after Zakat and Tax |
21,205
|
18,215
|
- | - |
| Total Comprehensive Income |
21,162
|
18,544
|
- | - |
| Profit (Loss) per Share |
0.64
|
5.72
|
- | - |
| Cash Flows | 2024-12-31 | 2023-12-31 | ||
| Net Cash From Operating Activities |
-62,099
|
11,074
|
- | - |
| Net Cash From Investing Activities |
-11,354
|
13,938
|
- | - |
| Net Cash From Financing Activities |
39,197
|
6,379
|
- | - |
| Cash and Cash Equivalents, Beginning of the Period |
33,944
|
2,146
|
- | - |
| Cash and Cash Equivalents, End of the Period |
11,030
|
33,943
|
- | - |
| All Figures in | Thousands | Thousands | ||
| All Currency In | ^ | ^ | ||
| Last Update Date | 2025-04-03 | 2024-03-28 |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. The above information does not replace detailed financial statements, as detailed financial statements are the reliable source that must be consulted to obtain accurate financial information.
| Balance Sheet | ||||
|---|---|---|---|---|
| Total Assets | ||||
| Total Liabilities | ||||
| Total Shareholders Equity (After Deducting the Minority Equity) | ||||
| Total Liabilities and Shareholders Equity | ||||
| Statement of Income | ||||
| Total Revenue (Sales/Operating) | ||||
| Net Profit (Loss) before Zakat and Tax | ||||
| Zakat and Income Tax | ||||
| Net Profit (Loss) after Zakat and Tax | ||||
| Total Comprehensive Income | ||||
| Profit (Loss) per Share | ||||
| Cash Flows | ||||
| Net Cash From Operating Activities | ||||
| Net Cash From Investing Activities | ||||
| Net Cash From Financing Activities | ||||
| Cash and Cash Equivalents, Beginning of the Period | ||||
| Cash and Cash Equivalents, End of the Period | ||||
| All Figures in | ||||
| All Currency In | ||||
| Last Update Date |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. The above information does not replace detailed financial statements, as detailed financial statements are the reliable source that must be consulted to obtain accurate financial information.
- Announcements & Corporate Actions
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- Company Profile
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- Company Profile
Company Profile
Company overview
The company carries out its activities under Commercial Registration No (1010310830) dated 07/13/1432 AH (corresponding to 06/15/2011 AD) issued in the city of Riyadh The companies activities as in its commercial register are as follows General construction of residential buildings General construction of non residential buildings such as schools hospitals hotels etc Restorations of residential and non residential buildings Buying and selling land and real estate dividing it and off plan sales activities Management and leasing of owned or rented properties (residential) Management and leasing of owned or rented properties (non residential) The companies objectives as stated in its articles of association are as follows Agriculture and fishing Mines petroleum and its branches The manufacturing industry and its branches according to industrial licenses Electricity gas water and its branches Construction and building Trade Transportation storage and refrigeration Financial business and other services Social group and personal services Information purification Security and safety Purchasing lands to construct buildings on them, investing these buildings by selling or renting for the benefit of the company managing maintaining and developing the property purchasing and owning properties for the benefit of the company and selling purchasing and exploiting real estate and lands for the benefit of the company The current actual activity of the company View United Real Estate Development Company is developing real estate units and villas for the company and others and leasing residential and commercial properties. The company has obtained a real estate developer qualification certificate from the Developer Services Center (Etmam) for passing the qualification standards approved by No. (2140253163) and dated 10/ 06/1442 AH (corresponding to 01/23/2021) The company also obtained a real estate developer qualification certificate from the Off Plan Sale or Leasing Committee by Committee Resolution No (397) dated 03/18/1442 AH (corresponding to 11/04/2020) and a membership certificate Contractor issued by the Saudi Contractors Authority with membership number (196419648)
Company History
View United Development Company was established as a limited liability company under the name of Construction and Housing Company under Commercial Registration No (1010310830) dated 07/13/1432 AH (corresponding to 06/15/2011 AD) issued in the city of Riyadh with a capital of one hundred thousand (100000) Saudi Riyals divided into one hundred (100) cash shares of equal value with the value of each share amounting to one thousand (1000) Saudi Riyals On 11/23/1443 AH (corresponding to 06/22/2022 AD) the partners decided to change the name of the company from Construction and Housing Company to View United Real Estate Development Company On 09/19/1444 AH (corresponding to 04/10/2023 AD) the partners resolution was issued approving the transformation of the company from a limited liability company to a closed joint stock company with its rights and obligations and increasing the capital from one hundred thousand (100000) Saudi riyals to thirty million (30000000) Saudi riyals divided into three million (3000000) ordinary shares with a nominal value of ten (10) Saudi riyals per share fully paid This increase was met by transferring an amount of eight million (8000000) Saudi riyals from an account due to related parties and an amount of twenty one million nine hundred thousand (21900000) Saudi riyals from the retained earnings account to the capital account in accordance with the auditors certificate issued on 09/05/1444 AH (corresponding to 03/27/2023 AD) On 10/20/1444 AH (corresponding to 05/10/2023 AD) the Extraordinary General Assembly approved (1) increasing the companys capital from thirty million (30000000) Saudi riyals divided into three million (3000000) ordinary shares each with a value of (10) Saudi riyals fully paid to thirty three million (33000000) Saudi riyals divided into three million three hundred (3300000) ordinary shares each with a value of (10) Saudi riyals fully paid by issuing three hundred thousand (300000) new ordinary shares representing (9.09%) of the companys total capital after the offering On 06/17/1446 AH (corresponding to 12/18/2024 AD) the Company obtained the approval of the Extraordinary General Assembly to split the nominal value of the share so that the number of shares after the amendment becomes thirty three million (33000000) fully paid ordinary shares each with a value of one (1) Saudi Riyal all of which are single class ordinary shares
Company Bylaws
Equity Profile
- Authorized Capital (^) 33,000,000
- Issued Shares 33,000,000
- Paid Capital (^) 33,000,000
- Par Value/Share 1
- Paid Up Value/Share 1
Last Update :2024-12-18
Investment limits
There are no investment limits on the company's shares as per the amended Rules for Qualified Foreign Financial Institutions Investment in Listed Securities and Instructions for the Foreign Strategic Investors Ownership in Listed Companies based on Company's bylaw and the issued Instructions by related regulators and supervisory authorities
- Company Details
- BOARD OF DIRECTORS AND SENIOR EXECUTIVES INFORMATION
Investor Relations
Contact Name:
Lawi Hussain
Company Address:
anas ibn malik Al Yasmeen Dist. Riyadh
Contact Details:
Telephone:
00966920033504
Fax
: 00966920033504
Email
: ir@view.sa
Company Website:
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of these disclosures, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of these disclosures, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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