United International Transportation Co.’s (Budget Saudi) shareholders approved a 12.5% cash dividend for the second half of 2020, at SAR 1.25 per share, during the general assembly meeting held on April 29, 2021, the company said in a bourse statement.
|
Dividend Details (H2 2020) |
|
|
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 |
April 29, 2021 (By the end of second trading day following this date) |
|
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) |
Shareholders also approved delegating the company’s board of directors to distribute cash dividend for 2021 on a semi-annual or a quarterly basis.
Meanwhile, they elected board members for the upcoming three-year term starting on June 21, 2021.
The new board includes, Abdullah Jarallah Ibrahim, Mohammed Abdulaziz Fahad Alghannam, Abdulrahman Hassan Yaseen Bakheet, Miqad Abdullah Abdulmohsen Alkhamis, Yousef Abdullah Abdulaziz Al Rajhi, Khalid Al Dabal, Ahmed Abdullatif Ahmed Albarra and Bassim Abdullah Abdulrahman Alim.
Shareholders also elected members of the audit committee for the same term but refused the participation of the board member, Alaa Eldin R. Sami, in a competitive business.
| 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 % |
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