Budget Saudi greenlights H2 2019 dividends

The distribution date will be announced in due course


Riyadh – Mubasher: The general assembly of United International Transportation Company (Budget Saudi) consented to the proposed cash dividend distribution of SAR 35.6 million or SAR 0.5 per share to shareholders for the second half (H2) of 2019, representing 5% of the capital.

Eligibility of dividends will be for shareholders at the end of the general assembly’s meeting day whilst registered shareholders in the register of the Securities Depository Center Company (Edaa) will be at the end of the second trading day following the maturity date.

The distribution date will be announced in due course, according to a statement to the Saudi Stock Exchange (Tadawul) on Tuesday.

On 20 April, the Board of Directors modified its cash dividend recommendation from SAR 1.5 per share to SAR 0.5 per share in a bid to retain liquidity for potential risks.

Source: Mubasher

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