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View United Real Estate Development Company has announced its intention to issue Saudi riyal-denominated sukuk through Sukuk Capital Company as part of its funding strategy. The offering is valued at SAR 10 million and will be issued in installments. The company said the proceeds are intended to support its operational requirements and ongoing project activities. The planned issuance reflects the growing use of sukuk by real estate developers in Saudi Arabia to diversify funding sources, strengthen liquidity, and secure capital for project execution amid continued development activity across the Kingdom.
View United Real Estate Development Company has announced plans to issue Saudi riyal-denominated sukuk through Sukuk Capital Company to raise funds for its business activities and development pipeline.
The proposed offering is valued at SAR 10 million and will be issued in installments. According to the company, the sukuk programme is intended to support operational requirements as well as finance ongoing and future projects.
The planned issuance forms part of the company's broader financing strategy aimed at securing additional capital while maintaining flexibility in funding. Sukuk instruments have become an increasingly important source of financing in Saudi Arabia, particularly for real estate and infrastructure-related businesses seeking to fund expansion and project delivery.
Saudi Arabia's debt capital market has witnessed growing activity in recent years, supported by investor demand for Shariah-compliant financial products and the country's ongoing economic diversification efforts. Real estate developers have increasingly turned to sukuk issuances to access long-term funding while aligning with Islamic finance principles.
View United's proposed sukuk issue is expected to provide additional liquidity to support its development activities and day-to-day operational needs. The company has indicated that the proceeds will be directed toward strengthening its business operations and advancing its project portfolio.
Source Reuters
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