United International Transportation Co (4260)

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News

29 December 2025 06:08 PM We keep ‘Neutral’ stance on Saudi equity market – EFG Hermes

Riyadh – Mubasher: A recent report by EFG Hermes, an EFG Holding Company, indicated that the outlook for Saudi Arabia remains challenging, yet the market is believed to have decently corrected and is too cheap to be deemed ‘underweight’. EFG …

Macroeconomics

5 November 2025 09:32 PM Budget Saudi records SAR 1.7bn revenues in 9M-25; profits up 17%

Riyadh – Mubasher: The net profits of United International Transportation Company (Budget Saudi) hit SAR 248.66 million in the first nine months (9M) of 2025, an annual rise of 16.94% from SAR 212.62 million. The earnings per share (EPS) went up …

Financial Results

13 August 2025 06:34 PM Budget Saudi announces 19.5% higher profits in H1-25, cash dividends

Riyadh – Mubasher: United International Transportation Company (Budget Saudi) logged net profits totaling SAR 168.39 million in the first half (H1) of 2025, up 19.48% year-on-year (YoY) from SAR 140.92 million. The Tadawul-listed company generated …

Cash Dividends

5 June 2025 11:20 AM Budget Saudi’s board mulls 34% capital increase

Riyadh – Mubasher: 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 …

Corporate Actions

14 May 2025 09:05 AM Budget Saudi’s net profits near SAR 83m in Q1-25

Riyadh – Mubasher: 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 …

Financial Results

17 March 2025 05:06 PM Budget Saudi’s profits hike 12.5% in 2024; dividends for H2 unveiled

Riyadh – Mubasher: 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 …

Board of Directors

1 August 2024 03:03 PM Budget Saudi’s profits up in H1-24; dividends hit 4.5% of capital

Riyadh – Mubasher: United International Transportation Company (Budget Saudi) posted 0.19% year-on-year (YoY) higher net profits at SAR 139.88 million in the first half (H1) of 2024, versus SAR 139.60 million. The revenues amounted to SAR 841.94 …

Cash Dividends

26 June 2024 01:42 PM Budget Saudi acquires Autoworld to boost B2B portfolio

Riyadh – Mubasher: United International Transportation Company (Budget Saudi) has acquired Al Jazira Equipment Company (AutoWorld), a SEDCO Holding-owned vehicle leasing company. The transaction anchors Budget Saudi’s strategic objectives to …

Mergers and Acquisitions

25 June 2024 03:39 PM Budget Saudi’s shareholders greenlight 10% capital raise

Riyadh – Mubasher: The shareholders of United International Transportation Company (Budget Saudi) approved the board’s recommendation to increase the capital and acquire all shares of Al Jazeera Equipment Company Limited (AutoWorld). The new …

Management Decisions

24 June 2024 01:50 PM Budget Saudi names new Chairman, Vice Chairman

Riyadh – Mubasher: United International Transportation Company (Budget Saudi) appointed Ibrahim Saad Al Mojel as the board’s Chairman for the next four years. Abdulwahab Abdulkarim Albetari was named as the Vice Chairman, according to a bourse …

Board of Directors

11 June 2024 02:28 PM Budget Saudi, SAMACO Automotive to expand auto industry

Riyadh – Mubasher: United International Transportation Company (Budget Saudi) and SAMACO Automotive penned a strategic partnership agreement, according to a press release. Budget Saudi purchased 100 T-Roc cars to form a significant part of their …

Companies Investments

14 May 2024 03:58 PM CMA greenlights capital hike of Budget Saudi, Bena Steel Industries

Riyadh – Mubasher: The Capital Market Authority (CMA) passed the requests of United International Transportation Company (Budget Saudi) and Bena Steel Industries Company to increase their capital. Budget Saudi will raise its capital to SAR 781.66 …

Management Decisions

12 May 2024 10:19 AM Budget Saudi sees higher profits in Q1-24; revenues up 39.5%

Riyadh – Mubasher: United International Transportation Company (Budget Saudi) posted net profits valued at SAR 69.71 million in the first quarter (Q1) of 2024, up 0.56% from SAR 69.31 million in Q1-23. The Saudi firm generated revenues worth SAR …

Financial Results

15 April 2024 11:02 AM Budget Saudi’s subsidiary seals acquisition deal in UAE

Riyadh – Mubasher: United International Transportation Company (Budget Saudi) announced that one of its subsidiaries has signed an agreement to acquire 70% of the stake of Overseas Development company in a subsidiary based in the UAE. The deal was …

Mergers and Acquisitions

26 March 2024 04:47 PM Budget Saudi’s profits cross SAR 277m in 2023; dividends unveiled

Riyadh – Mubasher: The net profits of United International Transportation Company (Budget Saudi) increased by 10% to SAR 277.21 million in 2023 from SAR 252 million in 2022. Revenues amounted to SAR 1.37 billion as of 31 December 2023, an annual …

Board of Directors

8 November 2023 02:16 PM Budget Saudi’s profits up 13% in 9M-23; revenues hit SAR 1bn

 Riyadh – Mubasher: United International Transportation Company (Budget Saudi) posted 12.94% higher net profits after Zakat and tax at SAR 211.10 million in the first nine months (9M) of 2023, versus SAR 186.92 million in 9M-22. The earnings per …

Financial Results

30 July 2023 02:19 PM Budget Saudi unveils H1-23 financial results, dividends

Riyadh – Mubasher: United International Transportation Company (Budget Saudi) registered SAR 139.60 million in net profit after Zakat and tax during the first half (H1) of 2023, an annual rise of 13.73% from SAR 122.75 million. The revenues of …

Cash Dividends

21 May 2023 01:18 PM Budget Saudi’s profits up 15% in Q1-23 initial financials

Riyadh – Mubasher: United International Transportation Company (Budget Saudi) logged net profits after Zakat and tax amounting to SAR 69.31 million in the first quarter (Q1) of 2023. The registered net profits were higher by 15.01% than SAR 60.27 …

Financial Results

26 February 2023 09:55 AM Budget Saudi unveils SAR 252m profits in 2022, dividends proposal

Riyadh – Mubasher: The net profits after Zakat and tax of United International Transportation Company (Budget Saudi) hit SAR 252 million in 2022, up 14.60% from SAR 219.91 million in 2021. Revenues increased by 3.75% to SAR 1.02 billion in …

Financial Results

30 October 2022 03:55 PM Budget Saudi logs SAR 187m profits in 9M-22 initial results

Riyadh – Mubasher: United International Transportation Company (Budget Saudi) registered net profits after Zakat and tax worth SAR 186.92 million in the first nine months (9M) of 2022, an annual increase of 11.53% from SAR 167.59 million. Revenues …

Financial Results

31 July 2022 10:15 AM Budget Saudi’s profits rise 4.5% in H1-22, dividends approved

Riyadh – Mubasher: The net profits of the United International Transportation Company (Budget Saudi) rose by 4.5% year-on-year (YoY) in the first half (H1) of 2022 to SAR 122.8 million, from SAR 117.5 million in the year-ago period. Earnings per …

Financial Results

25 July 2022 06:58 PM Budget Saudi’s unit eyes regional equity acquisition

Riyadh – Mubasher: Al Jozoor Al Raskha Trucking Company (Rahaal), a subsidiary of United International Transportation Company (Budget Saudi), has signed a memorandum of understanding (MoU) for a possible stake acquisition of Overseas Development …

Companies Investments

22 May 2022 06:00 PM Budget Saudi’s profits exceed SAR 60m in Q1-22 interim financials

Riyadh – Mubasher: United International Transportation Company (Budget Saudi) has posted a 24.72% year-on-year (YoY) jump in net profit after Zakat and tax to SAR 60.27 million during the first quarter (Q1) of 2022 from SAR 48.32 million. Revenues …

Financial Results

19 May 2022 06:08 PM Budget Saudi to pay SAR 1.3/shr dividend for H2-21

Riyadh – Mubasher: The shareholders of United International Transportation Company (Budget Saudi) have agreed to distribute a cash dividend of SAR 1.30 per share for the second half (H2) of 2021 Budget Saudi will pay out a total amount of SAR …

Cash Dividends

30 March 2022 04:48 PM Budget Saudi reports 9% higher profits in 2021; dividends proposed

Riyadh – Mubasher: The net profits after Zakat and tax of United International Transportation Company (Budget Saudi) rose by 8.62% to SAR 219.91 million in 2021, compared to SAR 202.44 million in the earlier year. The company reported a 2.41% …

Board of Directors