The United International Transportation Co. (Budget Saudi) Announces the Recommendation of Its Board of Directors to Distribute Cash Dividends to its Shareholders for the fiscal Year 2023
| Element List | Explanation |
|---|---|
| Introduction | Based on the profits achieved by the Group, the Board of Directors recommends distributing final cash dividends to the Shareholders for the year 2023. |
| Date of the board’s recommendation | 2024-03-25 Corresponding to 1445-09-15 |
| The Total amount distributed | 71,166,668 SAR |
| Number of Shares Eligible for Dividends | 71,166,668 shares |
| Dividend per share | 1 SAR per share. |
| Percentage of Dividend to the Share Par Value (%) | 10 % |
| Eligibility date | The eligibility of cash dividends will be to the shareholders who own the Company’s shares on the eligibility date and are 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 | The distribution date will be announced later. |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | N/A |
| 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. |
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