Budget Saudi shareholders approve 15% cash dividend for H2 2022

16/04/2023 Argaam Exclusive

United International Transportation Co.’s (Budget Saudi) shareholders approved a 15% cash dividend for H2 2022, at SAR 1.5 per share, during the ordinary general meeting (OGM) held on April 13, the company said in a statement to Tadawul.

Dividend Details (H2 2022)
Current Capital	SAR 711.67 mln
Number of Shares	71.17 mln
Total Dividend	SAR 106.75 mln
Percentage of Capital	15% (SAR 1.50 per share)
Record Date	April 13, 2023
Payment Date	May 9, 2023

Dividend Details (2022)
Dividend	SAR 142.33 mln
Percentage of Capital	20% (SAR 2 per share)

Shareholders also approved authorizing the board of directors to distribute interim dividends semi-annually or quarterly for 2023.

Dividend History (SAR/share) Corporate Actions

Announcement	Ex-Dividend	Payment	Dividends (M Riyal)	Dividends *	Notes
23/02/2023	13/04/2023	09/05/2023	106.75	1.50	H 2 _ 2022
31/07/2022	18/08/2022	01/09/2022	35.58	0.50	H1-2022
30/03/2022	17/05/2022	02/06/2022	92.52	1.30	H2 _ 2021
22/08/2021	01/09/2021	20/09/2021	42.70	0.60	Q2-2021
07/02/2021	29/04/2021	10/05/2021	88.96	1.25	H2 - 2020
23/07/2020	28/07/2020	20/08/2020	35.58	0.50	H1 - 2020
20/04/2020	15/06/2020	01/07/2020	35.58	0.50	H2-2019
27/10/2019	31/10/2019	19/11/2019	35.58	0.50	H1-2019
03/02/2019	18/04/2019	08/05/2019	106.75	1.50	The General Assembly approved 15% cash dividend FY-2018
01/02/2018	30/04/2018	14/05/2018	106.75	1.50	The General Assembly approved 15% cash dividend FY-2017

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	5.40	37.55	14.38 %
Last 5 Financial years	8.15	26.70	30.52 %
Last 10 Financial years	14.26	30.63	46.57 %

Based on the beginning of the period (January 1 of the base year)

Historical Dividends

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 %

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