Latest news with #BudgetSaudi
Zawya
14-05-2025
- Business
- Zawya
Budget Saudi's net profits near $22.1mln in Q1-25
Riyadh – United International Transportation Company (Budget Saudi) registered net profits of SAR 82.76 million in the first quarter (Q1)of 2025, up 18.13% year-on-year (YoY) from SAR 70.05 million. Budget Saudi achieved revenues amounting to SAR 543.41 million in Q1-25, higher by 30.35% YoY than SAR 416.87 million, according to the financial results. Earnings per share (EPS) went up to SAR 1.06 as of 31 March 2025 from SAR 0.98 in Q1-24. On a quarterly basis, the net profits generated in Q1-25 fell by 18.86% from SAR 102 million in Q4-24, while the revenues shrank by 12.82% from SAR 623.33 million. In 2024, the net profits of Budget Saudi hit SAR 311.69 million, an annual growth of 12.44% from SAR 277.21 million. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Campaign ME
05-05-2025
- Entertainment
- Campaign ME
Here's Campaign Middle East's Saudi ‘Work' picks
Campaign Middle East features an annual double-page spread of selected Work from the Kingdom in its Saudi Arabia Report. Here is the 2025 round-up of some 'made-for-KSA, by-KSA' campaigns, featuring Saudi work from Riyadh Season, Rexona Arabia and the Saudi Arabian Football Federation, HungerStation, Foodics, Budget Saudi, Beyond ONE – Virgin Mobile KSA, Disney+ MENA, Golden Chicken, AROYA Cruises and Abdul Latif Jameel Motors Toyota. The Last Crescendo – Riyadh Season Agency: BigTime Creative Shop This cinematic film aims to capture the drama of the highly anticipated rematch between light-heavyweight boxers Artur Beterbiev and Dmitry Bivol. Set in a grand European opera house, The Last Crescendo tells the story of the two boxers through three dramatic acts. Directed by Alan Masferrer and shot over four days in Serbia, the film blends the art of opera with the raw drama of boxing. The soundtrack, composed by Philip Kay, was written specifically for the film, adding another layer of emotional depth. Quit Screens To Scenes – Budget Saudi Agency: FP7 McCann Saudi To redefine how people celebrate special moments, Budget Saudi launched a campaign to encourage Saudi audiences to take virtual expressions of celebration into reality. The campaign invited consumers to share details on special moments, whether a birthday, promotion or a personal achievement. Those who celebrated online were brought together by Budget for a real-world celebration supported by emoji-style hearts, claps and confetti. The car rental company also leveraged influencer Abdulaziz Bakr, someone who is typically only seen on a screen, to the activation in an effort to foster a deeper sense of community beyond the screen. We're Coming – Rexona Arabia x Saudi Arabian Football Federation Agency: ‿and us To celebrate the unstoppable determination of the Saudi Arabia Women's National Football Team, this campaign showcases the team's grit, resilience and relentless pursuit of their goals as they continue to break boundaries and inspire a new generation of athletes in the Kingdom. Narrated through the voices of young girls who dream of a future in football along with the National Team themselves, the campaign underscores a collective vision: the Saudi Women's National Team is not stopping until they achieve whatever they set out to achieve. Social Feed – HungerStation Agency: VML Dubai HungerStation introduced Social Feed – an AI-powered feature that allows users to turn any food post on social media into an orderable dish. The campaign taps into changing consumer behaviours, particularly the influence of social media on food choices. It also builds on HungerStation's ongoing efforts to rethink how users engage with food delivery. By blending social media habits with ordering, HungerStation created a platform where food seen online is now part of its menu. 10 Years – Foodics Agency: Foodies Block The cloud-based restaurant management tech and payments platform celebrated 10 years through this campaign by prompting audiences towards nostalgic moments with reflections on how restaurants operated 10 years ago. 'Remember when paper was used to take orders?'; 'remember waiting in long lines just to place an order?'; 'remember paying in cash and struggling to find spare change?' With a teaser reel followed by a brand video and four short-form social media videos, which were amplified through Saudi influencers, Foodics organically gathered more than 3.2 million impressions within the first week of the campaign's launch. Switch – Beyond ONE Group – Virgin Mobile KSA Agency: Swing This relatable integrated campaign promotes Virgin Mobile KSA's Switch Postpaid Plan by drawing inspiration from the daily inefficiencies that have consumers overpaying for underused experiences. The brand took a comedic route to bring its brand values of heartfelt service, delightful surprise, smart disruption and insatiable curiosity to life. Three hero films served as the centrepiece for the campaign, accompanied by a media mix of social media, digital-out-of-home, digital platforms and point-of-sale placements to ensure maximum visibility and impact. The Curse of Anything – Golden Chicken Agency: Tarek Nour Saudi Arabia This campaign taps into the universal problem of deciding what's for dinner, and the most common response to that question from friends, colleagues, and family: 'Anything!' While it might seem like a straightforward answer, the response frequently leads to a stressful and overwhelming decision-making process, especially for young mothers and busy individuals. To address this, Golden Chicken positions its products as a solution, simplifying the decision and providing the perfect meal solution. Watch and Live The Stories – Disney+ MENA Agency: Science & Sunshine To tie together Saudi storytelling with iconic entertainment options available on the streaming platform, Disney+ MENA released three short videos on its Disney+ Saudi Arabia Instagram account, inviting audiences to showcase how mainstream entertainment becomes a part of everyday Saudi households. Picking from six of its top performing content offerings, the campaign showcases fine-dining kabsa inspired by Disney's Ratatouille and FX's The Bear, Wolverine-inspired toothbrush claws, and a father singing beloved Disney tunes. From dallah coffee pitchers and folded ghutras by the door, every scene hints at how the streaming platform is immersed in Saudi culture and households. Toyota Reclaims Toyota – Abdul Latif Jameel Motors Toyota Agency: Serviceplan Experience To address a digital challenge in Saudi Arabia, where local consumers commonly search for their vehicles using informal Arabic nicknames (terms the company's official website couldn't use), Abdul Latif Jameel Motors Toyota leveraged off-page SEO techniques to turn a technical obstacle into a creative breakthrough. Serviceplan Experience developed an off-page SEO strategy that placed the informal nicknames into backlinks and anchor tags. Collaborating with trusted publishers and bloggers, the team ensured these high-volume terms linked back to Abdul Latif Jameel Motors Toyota's website. Yalla, AROYA Cruises – AROYA Cruises Agency: Social Clinic Former Real Madrid football star Cristiano Ronaldo, who now plays for Saudi football club Al-Nassr FC, has been spotted in a new advertising campaign, alongside his partner Georgina Rodríguez, for AROYA Cruises, the cruise line owned by Cruise Saudi, a PIF-funded company. The campaign took a cinematic, playful approach – offering a glimpse into how Ronaldo and Rodríguez turn a regular day at home into a spark of cruise excitement. To see the print version of the Saudi Work section, check out page 16-17 here.
Associated Press
03-04-2025
- Automotive
- Associated Press
Budget Rent A Car Saudi Arabia Reports Strong FY 2024 Performance with SAR 311.7 Million Net Profit
Company achieves 12.4% profit growth, with revenues nearing SAR 2 billion Riyadh, Saudi Arabia--(Newsfile Corp. - April 3, 2025) - Budget Rent A Car Saudi Arabia, a leading name in the Middle East's car rental and leasing industry, has announced its financial results for the fiscal year 2024, recording a net profit of SAR 311.7 million, a 12.4% increase compared to the previous year. The company's total revenue is approaching SAR 2 billion, supported by key acquisitions and strategic expansions. This performance reflects consistent growth momentum, driven by the full acquisition of AutoWorld and a 70% ownership stake in Overseas Logistics Development Company, strengthening its operations in Saudi Arabia. In Q4 2024 alone, Budget Saudi achieved a profit of over SAR 100.1 million, reinforcing its financial stability and ability to capitalize on market opportunities. President & Group CEO of Budget Rent a Car Saudi Arabia To view an enhanced version of this graphic, please visit: A Testament to Strength and Strategic Growth Commenting on the company's performance, Fawaz Danish, President & Group CEO of Budget Saudi, stated: 'Our 2024 financial results highlight the strength of our business model, our strategic expansion, and the dedication of our team. The acquisition of AutoWorld and our investment in Overseas Logistics Development Company have strengthened our position in the market, allowing us to diversify our services and increase operational efficiencies.' 'Saudi Arabia's thriving economy, coupled with our commitment to innovation, customer service, and operational excellence, has been instrumental in driving our success. We remain focused on sustaining this momentum in 2025 and beyond.' Continued Expansion and Market Leadership Budget Saudi remains at the forefront of the vehicle rental and leasing industry in the region. The company has steadily expanded its operations and fleet to cater to the increasing demand for both short-term rentals and long-term leasing solutions. With a fleet size exceeding 50,000 vehicles and a network of over 120 rental offices across more than 30 cities, Budget Saudi continues to deliver high-quality mobility solutions for both individual and corporate clients. The acquisition of AutoWorld has played a pivotal role in Budget Saudi's expansion strategy, further diversifying its rental and leasing services. Additionally, the company's investment in the Overseas Logistics Development Company strengthens its logistics capabilities, allowing for greater efficiency in fleet management and operations. A Positive Outlook for 2025 As the company looks ahead to 2025, it remains committed to enhancing its services, expanding its fleet, and leveraging technological innovations to improve customer experience. 'The Kingdom's Vision 2030 initiative is opening new opportunities for growth, and we are well-positioned to capitalize on them,' added Fawaz Danish. 'Our team is committed to setting higher goals, further strengthening our industry leadership, and delivering exceptional value to our customers and stakeholders.' Celebrating a Milestone Achievement This financial milestone reflects the hard work and dedication of the Budget Saudi team and its colleagues at Unitrans Group of Companies. 'I would like to extend my sincere gratitude to our employees, partners, and customers for their unwavering support. Their commitment and trust in us continues to drive our success,' said Fawaz Danish. About Budget Rent A Car Saudi Arabia Established in 1978, Budget Rent A Car Saudi Arabia has grown to become the leading vehicle rental and leasing company in the Kingdom, catering to both corporate and retail customers. It is the first publicly traded car rental company in Saudi Arabia, with a strong reputation for excellence, reliability, and innovation. The company holds ISO 9001, 14001, and 45001 certifications for quality management, environmental management, and occupational health & safety standards. Over the years, Budget Saudi has been recognized with multiple industry awards, including five consecutive World Travel Awards and the prestigious INSEAD TOP 50 CEO award in the GCC. Media Contact Website: Contact: +966 92000 4124 / +966 (0)12 692 7070 Ext 1403 or 1412 Contact: +966 92000 4124 / +966 (0)12 692 7070 Ext 1403 or 1412
Zawya
18-03-2025
- Business
- Zawya
Budget Saudi's profits hike 12.5% in 2024; dividends for H2 unveiled
Riyadh – United International Transportation Company (Budget Saudi) recorded a 12.44% year-on-year (YoY) growth in net profit to SAR 311.69 million at the end of December 2024. The registered net profits were compared with SAR 277.21 million, as per the financial results. Revenues hiked by 43.03% to SAR 1.97 billion last year from SAR 1.37 billion in 2023, while the earnings per share (EPS) increased to SAR 4.25 from SAR 3.90. Cash Dividends for H2-24 The board members proposed cash dividends of SAR 78.16 million, equivalent to 10% of the capital, for the second half (H2) of 2024. Budget Saudi will disburse a dividend of SAR 1 per share for 78.16 million eligible shares. In the first half (H1) of 2024, the company logged net profits valued at SAR 139.88 million, compared to SAR 139.60 million in H1-23. Source: Mubasher All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. ( Mubasher
Arab News
04-03-2025
- Automotive
- Arab News
Al Jomaih & Shell announces strategic partnership with United International Transportation Company
Al Jomaih & Shell Lubricating Oil Company Ltd. has officially entered a strategic partnership with United International Transportation Company (Budget Saudi, Rahal Ltd, Auto World, and Payless). In this supply agreement, the full range of Shell lubricant's product portfolio will be supplied to Budget Saudi Arabia and Auto World's extensive fleet across the Kingdom. This collaboration reinforces the commitment to delivering superior quality and efficiency in the vehicle's performance and maintenance. Budget Saudi strives to be the best and preferred mobility solutions partner in the transportation and logistics sector in the Middle East. The organization boasts the most extensive fleet in the Kingdom, and places significant emphasis on customer satisfaction, quality, and sustainability. Auto World, a member of the UNITRANS Group, has led vehicle leasing and maintenance in Saudi Arabia since 1981. With over 40 years of experience and a vast array of vehicles, it stands tall as one of the premier long-term car rental services for businesses, building strong partnerships across key industries. Saher Hashem, CEO of Al Jomaih and Shell Lubricating Oil Company, said: 'This agreement marks our significant efforts to expand our partnerships in the mobility sector. By supplying our full range of Shell lubricant's product portfolio to Budget Saudi Arabia and Auto World, we aim to enhance the efficiency and longevity of their fleets, ultimately contributing to an exceptional driving experience for their customers.' Fawaz Danish, group president of Budget Saudi Arabia, said: 'Our partnership with Al Jomaih and Shell Lubricating oil company Ltd., supports our mission to deliver best-in-class mobility solutions. By partnering with Shell's world-class lubricants, we ensure our vehicles operate at peak performance, providing our customers with reliability and excellence in every journey, maintaining vehicle quality for resale by Budget Saudi and its affiliates in the local market. During the ceremony both parties have highlighted how their technical leadership and services empower customers to optimize operating costs, extend equipment lifespan and minimize downtime. Sustainability is integral to the business operations and aligns with both companies' strategy as they look forward to further collaboration in this space to achieve shared goals and contribute meaningfully to Vision 2030 strategy.
