Riyadh-Mubasher: United International Transportation Company (Budget Saudi Arabia) announced that it will begin distributing dividends to shareholders for the fiscal year 2015 on 31 May.

Shareholders registered in the company's books by the end of the ordinary general meeting (OGM) held on 5 May will be entitled to the dividends, the company said in a filing to the Saudi Stock Exchange (Tadawul) on Sunday.

Distributions will be carried out via Riyad Bank by directly depositing the sums in the shareholders' personal accounts in all local banks.

Earlier this month, Budget's OGM approved a cash dividend of SAR 1.5 per share, representing 15% of capital and totalling SAR 76.25 million for FY15.

Budget reported a net profit of SAR 188.77 million in 2015, up 10% from SAR 171 million achieved in 2014.