United International Transportation Co. (Budget Saudi) Announces the Recommendation of its Board of Directors to Distribute Cash Dividends to its Shareholders for the second half of 2020




Based on the profits achieved by the Group, the Board of Directors recommends distributing cash dividends to the Shareholders for the second half of 2020.

Date of the board’s decision

2021-02-04 Corresponding to 1442-06-22

The Total amount distributed

88,958,335 SAR

Number of Shares Eligible for Dividends


Dividend per share

1.25 SAR Per Share

Percentage of Dividend to the Share Par Value (%)

12.5 %

Eligibility date

The eligibility of cash dividends will be to the shareholders who own the Company’s shares on the eligibility date and registered in the Company's register at the Securities Depository Center Company (Edaa) by the end of the second trading day following the day of the Company’s General Assembly meeting (eligibility date), which will be announced at a later stage.

Distribution Date

Distribution date will be announced later.

Additional Information

The General Assembly date will be set after securing the formal approvals from the relevant authorities and in which the Board’s recommendation in this relation will be ratified.

The Company calls upon its Shareholders to quickly update their data and ensure that their bank account numbers are linked to their investment portfolios to ensure that their cash dividends are deposited in their accounts with the banks on the distribution day after securing the General Assembly’s approval. Consequently, that the Board of Directors approved the distribution of 0.5 riyals for the first half of the year 2020, and the profits were deposited in the shareholders' portfolios on 01/01/1442 AH corresponding to 20/08/2020 AD so that the total recommended profits for the results of the year 2020 AD amounted to 124,541,669 Saudi riyals.