Introduction

The Board of Directors of United International Transportation Company (Budget Saudi) is pleased to announce the results of the Extraordinary General Assembly (Second Meeting), which was held on Tuesday 17/05/2022 at 8:00 pm by using modern technology means.

City and Location of the General Assembly's Meeting

By means of modern technology from the Company's Headquarters in Jeddah.

Date of the General Assembly's Meeting

2022-05-17 Corresponding to 1443-10-16

Time of the General Assembly's Meeting

20:00

Percentage of Attending Shareholders

35.35%

Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees

The Board Members who attended the meeting are:

1. Bassim Abdullah Alim (Board Chairman)

2. Khaled Abdullah Aldabal (Board Vice-Chairman)

3. Mohammed Abdulaziz Alghannam

4. Abdulrahman Hassan Bakheet

5. Ahmed Abdullatif Albarrak

6. Abdullah Jarallah Alsaawi

7. Miqad Abdullah Alkhamis

8. Yousef Abdullah Alrajhi

Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf

1. Mohammed Abdulaziz Alghannam (Chairman of the Audit Committee)

2. Miqad Abdullah Alkhamis (Chairman of the Remuneration and Nominations Committee)

3. Ahmed Abdullatif Albarrak (Chairman of the Governance and Risk Management Committee)

4. Yousef Abdullah Al-Rajhi (Chairman of the Investment Committee)

Voting Results on the Items of the General Assembly's Meeting Agenda's

1. Approval on the company's auditor's report for the fiscal year ending on 31/12/2021

2. Approval on the company's financial statements for the fiscal year ending on 31/12/2021

3. Approval on the Board of Directors' report for the fiscal year ending on 31/12/2021

4. Approval on paying an amount of (SAR 2,780,000) as remuneration to the Board members for the fiscal year ending on 31/12/2021.

5. Approval on delegating the Board of Directors to distribute interim dividends on a biannual / quarterly basis for the fiscal year 2022.

6. Approval on the Board of Directors' recommendation to distribute dividends for the second half of 2021 at the rate of 1.3 riyals per share, representing 13% of the capital with a total amount of (SAR 92,516,668), Provided that the entitlement to dividends is for shareholders holding the shares by the end of the trading day of the assembly date, and who are registered in the Company's shareholders registry held with the Securities Depository Center Company (Edaa) at the end of the second trading day following the entitlement date. The distribution date to be announced later.

7. Approval on discharging the members of the Board of Directors from liability for the fiscal year ending 31/12/2021

8. Approval on amending Article No (20) of the company’s bylaws relating to Powers of the Board of Directors.