Budget Saudi announces starting E-Voting on GA items

United International Transportation Company (Budget Saudi) announces that, on 15/05/2022, the member of the Audit Committee Eng. Khalid Abdullah Al-Dabal (Non-Executive Board Member) has resigned effective as of that date.

The Board of Directors appointed Eng. Ahmed Abdullatif Al-Barrak (Independent Board Member) instead of the resigned member. The Board Approval is not Final, and it will be presented to the next General Assembly meeting for Approval.

Reasons for Resignation:

To comply with the governance requirements regarding the formation of the audit committee,

Due to the transformation of his membership status from an independent board member to a non-executive board member, as he spent nine consecutive years as a member of the company’s board of directors

Board Approval May not be Deemed Final, this Appointment Shall Be presented in the First General Assembly Meeting for Approval.