premargin

Shareholders approved a 33.74% capital increase from 781.67 million SAR to 1,045.42 million SAR by capitalizing 263.76 million SAR from retained earnings.
The capital increase involves issuing 26,055,556 bonus shares at a ratio of one share for every three existing shares to support growth and strengthen the company's financial position.
The assembly approved the establishment of a Long-Term Employee Incentive Share Program, allocating 320,000 shares (0.41% of capital) for this purpose.
Extensive amendments were approved for the Company’s Articles of Association, covering company objectives, board powers, remuneration policies, and profit distribution.

Element List	Explanation
Introduction	The Board of Directors of The United International Transportation Company (Budget Saudi) is pleased to announce the results of the Extraordinary General Assembly which include the Increase of the company’s capital (Second Meeting), which was held on Thursday 19-02-2026 Corresponding to 02-09-1447 at 10:00 PM via modern technology means.
City and Location of the Extraordinary General Assembly's Meeting	From the Company’s head office in Jeddah - Through modern technology means.
Date of the Extraordinary General Assembly's Meeting	2026-02-19 Corresponding to 1447-09-02
Time of the General Assembly’s Meeting	22:00
Percentage of Attending Shareholders	38.18
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	The Board Members who attended the meeting are: 1. Dr. Ibrahim Saad AlMojel (Chairman of the Board of Directors) 2. Mr. Abdulwahab Abdulkarim Albetari (Vice Chairman of the Board of Directors) 3. Eng. Ahmed Abdullatif Albarrak 4. Mr. Abdallah Abdulmalik Alshaikh 5. Mr. Naif Abduljallel Al saif The Board Members who did not attend the meeting are: 1. Mr. Yazeed Saleh Alyahya 2. Mr. Ali Hadi Almansour 3. Mr. Osama Ahmed Banaja
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Names of Those Attending on their Behalf	1. Dr. Ibrahim Saad AlMojel (Chairman of the Executive Committee) 2. Mr. Adeeb Mohammed Abanumi (Chairman of the Audit Committee) 3. Eng. Ahmed Abdullatif Albarrak (Chairman of the Nominations and Remuneration Committee)
Voting Results on the Items of the General Assembly's Meeting Agenda's	Attached
Attached Documents	Attached Documents

The United International Transportation Company (Budget Saudi) Announces the Results of the Extraordinary General Assembly Meeting which include the Increase of the company’s capital (Second Meeting)