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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