Budget Saudi shareholders to vote May 22 on dividends

29/04/2025 Argaam Exclusive

United International Transportation Co.’s (Budget Saudi) said its shareholders will vote on May 22 on a board proposal to distribute a cash dividend at 10% of capital, or SAR 1 per share, for the second half of 2024.

 

Dividend Details (H2 2024)

Current Capital

SAR 781.67 mln

Number of Shares

78.17 mln

Total Dividend

SAR 78.17 mln

Percentage of Capital

10% (SAR 1 per share)

Record Date

May 22, 2025, for shareholders of record by the close of trading on the EGM date and those registered with Edaa at the end of the second trading day following the record date

Payment Date

June 15, 2025

 

Total Dividends (2024)

Total Dividend

SAR 113.35 mln

Percentage of Capital

14.5% (SAR 1.45 per share)

 

In a statement to Tadawul, the company added that shareholders will also vote on authorizing the board to distribute interim dividends for 2025 on a quarterly or semiannual basis.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
17/03/2025 22/05/2025 15/06/2025 78.17 1.00
01/08/2024 08/08/2024 28/08/2024 35.18 0.45
25/03/2024 23/05/2024 06/06/2024 71.17 1.00
27/07/2023 24/08/2023 13/09/2023 35.58 0.50
23/02/2023 13/04/2023 09/05/2023 106.75 1.50
31/07/2022 18/08/2022 01/09/2022 35.58 0.50
30/03/2022 17/05/2022 02/06/2022 92.52 1.30
22/08/2021 01/09/2021 20/09/2021 42.70 0.60
07/02/2021 29/04/2021 10/05/2021 88.96 1.25
23/07/2020 28/07/2020 20/08/2020 35.58 0.50
Historical dividend per share adjusted for the effect of capital changes and bonus shares, if any

Dividend History

Consolidated cash dividend Cash dividend per share (SAR) * The stock price at the beginning of the period (SAR) Return on the base price
Last 3 Financial years 4.95 47.50 10.42 %
Last 5 Financial years 8.60 36.95 23.27 %
Last 10 Financial years 14.74 40.82 36.12 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 17.94
P/E Before Unusual Items (TTM) 17.94
P/BV 2.09
Dividend Yield 1.77 %
Market Cap. (M) 5,643.87
Return on Average Assets 7.84 %
Return on Average Equity 13.81 %

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