Edaa implements capital hike for Budget Saudi

Budget Saudi aims to increase capital by 33.74%

The Securities Depository Center Co. (Edaa) implemented today, Feb. 25, capital increase for eligible shareholders of United International Transportation Co. (Budget Saudi).

According to data available on Argaam, Budget Saudi’s shareholders recently approved the board recommendation to increase capital by 33.74% from SAR 781.7 million to SAR 1.04 billion.