Budget Saudi to vote on FY 2018 dividend on April 18

Shareholders of United International Transportation Co. Ltd. (Budget Saudi) will vote on April 18 on the board of directors’ recommendation to pay a 15 percent cash dividend, or SAR 1.5 per share, for fiscal year 2018, the company said in a bourse statement to Tadawul on Sunday.
Shareholders are also set to review the board and auditor’s reports, as well as financial statements for fiscal year 2018. They will also discuss a board remuneration of SAR 1.9 million for the previous year.
Budget Saudi will also hire an external auditor for the current fiscal year.
|
Dividend Details (FY 2018) |
|
|
Current Capital |
SAR 711.67 mln |
|
Number of shares |
71.17 mln |
|
Dividend |
SAR 106.75 mln |
|
Percentage of capital |
15% (SAR 1.5 per share) |
|
Record date |
April 18, 2019 |
|
Payment date |
To be determined later on |

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