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Budget Saudi to pay SAR 1.5/shr dividends for 2018

Budget Saudi to pay SAR 1.5/shr dividends for 2018
Dividends will be distributed on 8 May
BUDGET SAUDI
4260
2.44% 31.55 0.75

Riyadh – Mubasher: United International Transportation Company (Budget Saudi) announced that the company’s shareholders had approved distributing a cash dividend of SAR 1.5 per share for 2018 during an ordinary general meeting (OGM) held on Thursday.

Dividends will be distributed on 8 May for registered shareholders at the end of the second trading day following the OGM date, according to a statement to the Saudi Stock Exchange (Tadawul) on Sunday.

For the full-year 2018, Budget Saudi’s profits rose 13.7%, logging SAR 169.986 million from SAR 149.511 million in 2017.

In April 2018, the Saudi transportation firm’s shareholders approved distributing a cash dividend of SAR 1.5 a share for 2017.