Latest news with #UnitedInternationalTransportation
Zawya
3 days ago
- Business
- Zawya
Budget Saudi's board mulls 34% capital increase
Riyadh – The board of United International Transportation Company (Budget Saudi) recommended a 33.74% capital hike, according to a bourse disclosure. The group will distribute 26.05 million shares as bonus shares to shareholders by granting one bonus share for each three owned shares, representing a 33.33% increase in the company's capital. Moreover, the company will allocate an additional 320,000 shares, equivalent to 0.41% of the company's capital raise, for the long-term employee incentive shares program. Accordingly, the new capital will stand at SAR 1.04 billion distributed over 104.54 million shares, compared to SAR 781.66 million and 78.16 million shares. The board member proposed the transaction on 4 June 2025 to support the company's growth and reinforce its financial position. Budget Saudi will capitalize SAR 263.75 million from the retained earnings account. In the first quarter (Q1) of 2025, the company's net profits jumped by 18.13% to SAR 82.76 million from SAR 70.05 million in Q1-24. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
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. (
