Budget Saudi’s board recommends 12.5% cash dividend for H2 2020

07/02/2021 Argaam Exclusive

United International Transportation Co.’s (Budget Saudi) board of directors recommended paying cash dividend at 12.50% of capital, or SAR 1.25 a share, for H2 2020, the company said in a bourse statement.

Dividend Details

Current Capital

SAR 711.67 mln

Number of shares

71.17 mln

Dividend

SAR 88.96 mln

Percentage of capital

12.50% (SAR 1.25 per share)

Record date

Shareholders of record at Edaa on the end of the second trading day

Payment date

To be determined later

Total Dividend for 2020

Total Dividend

SAR 124.54 mln

Percentage of capital

17.50% (SAR 1.75 a share)

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Valuation Data (Latest Share Price)

P/E (TTM) 23.56
P/E Before Unusual Items (TTM) 23.56
P/BV 3.39
Dividend Yield 1.90 %
Market Cap. (M) 6,540.52
Return on Average Assets 9.61 %
Return on Average Equity 14.91 %

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