‎“Saudi Budget” decides not to proceed with the ‎recommendation to purchase 7 million shares ‎

The United International Transportation Company (Saudi Budget) announced the decision of the Board of Directors not to proceed at the present time with their decision to recommend to the Extraordinary General Assembly to approve the purchase of its shares for the purpose of keeping them as treasury shares, with a maximum number of 7,116,666 shares, not exceeding 10% of the issued shares.

The company said that this came out of the Board of Directors’ keenness to apply the highest standards of governance and transparency, informing shareholders and the market of the most important fundamental events that concern the company, and making information available fairly.

This comes in addition to the company’s announcement published on the Tadawul website on 01-02-1444 corresponding to 07-31-2022, regarding the issuance of the Board of Directors’ decision to recommend to the Extraordinary General Assembly to approve the purchase of its shares for the purpose of keeping them as treasury shares, with a maximum number of 7,116,666 shares, so that it does not exceed 10% of the issued shares.