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.
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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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