Budget Saudi plans 5% cash dividend for H1 2019

27/10/2019 Argaam

 

United International Transportation Co. Ltd.’s (Budget Saudi) board of directors recommended a 5 percent cash dividend for the first half of 2019, at SAR 0.5 per share, amounting to SAR 35.58 million, the company said in a bourse statement on Sunday.

 

Earlier, the company’s shareholders delegated the board of directors to distribute divided for FY 2019 on quarterly or semi-annual basis.

 

Dividend Details (H1 2019)

Current Capital

SAR 711.67 mln

Number of shares

71.17 mln

Dividend

SAR 35.58 mln

Percentage of capital

5% (SAR 0.5 per share)

Record date

October 31, 2019

Payment date

To be determined

Saudi Arabia (Tadawul)

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