VCI Global board declares special dividend of V Gallant shares

VCI Global (VCIG) announced that its Board of Directors has approved a special dividend in the form of 10% of the share capital of its cybersecurity and AI subsidiary, V Gallant, to be distributed on a pro rata basis to all VCIG shareholders. The distribution is expected to broaden shareholder participation in V Gallant while reducing corporate concentration, thereby strengthening trading liquidity and enhancing long-term alignment across both entities. It marks the first step in VCI Global’s value-unlocking strategy as V Gallant progresses toward its planned Nasdaq carve-out IPO, which management estimates could fall within a nine-figure valuation range based on internal projections, audit preparations, and sector comparables.