Budget Saudi approves 5% cash dividend for H2 2019

United International Transportation Company Ltd.'s (Budget Saudi) shareholders approved the board's recommendation on paying cash dividend at 5% of capital, or SAR 0.50 a share, for H2 2019, the company said in a bourse statement.

This came during the company's ordinary general meeting (OGM) held yesterday, Monday, June 15, 2020.

Dividend Details (H2 2019)
Current Capital	SAR 711.67 mln
Number of shares	71.17 mln
Dividend	SAR 35.58 bln
Percentage of capital	5% (SAR 0.50 per share)
Record date	June 15, 2020
Payment date	To be determined
Dividend for FY 2019
Total dividend		SAR 71.17 mln
Percentage of capital		10% (SAR 1 per share)

During the meeting, the board was authorized to pay interim dividend for 2020 on a quarterly and semiannual basis.

Shareholders appointed an external auditor for FY2020, and approved other items on the meeting’s agenda.

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Valuation Data (Latest Share Price)

P/E (TTM)	20.75
P/E Before Unusual Items (TTM)	20.75
P/BV	2.23
Dividend Yield	1.73 %
Market Cap. (M)	5,784.58
Return on Average Assets	7.24 %
Return on Average Equity	12.72 %

Budget Saudi approves 5% cash dividend for H2 2019

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