Logo ofUnited International Transportation Co. (Budget Saudi)
United International Transportation Co. (Budget Saudi) said its board of directors on June 4 recommended a 33.74% capital increase from SAR 781.7 million to SAR 1.04 billion, according to a statement to Tadawul. 
The hike will be implemented through distributing 26.1 million bonus shares at a one-for-three ratio. An additional 320,000 shares, representing 0.41% of the post-increase capital, will be allocated to the company’s long-term employee incentive program.
Logo ofUnited International Transportation Co. (Budget Saudi)
United International Transportation Co. (Budget Saudi) said its board of directors on June 4 recommended a 33.74% capital increase from SAR 781.7 million to SAR 1.04 billion, according to a statement to Tadawul.
The hike will be implemented through distributing 26.1 million bonus shares at a one-for-three ratio. An additional 320,000 shares, representing 0.41% of the post-increase capital, will be allocated to the company’s long-term employee incentive program.
