Budget Saudi Arabia subsidiary signs agreement to acquire 70% of Overseas Development Holding shares in KSA for SAR 126.4 mln

The United International Transportation Company (Budget Saudi) announces the latest developments regarding the signing of a memorandum of understanding by one of its subsidiaries regarding the potential acquisition of (70%) of the shares of the Overseas Development Holding Company in its subsidiaries in the Kingdom of Saudi Arabia, as the value of the acquired stake amounted to 126.4 million Saudi riyals.

This comes in reference to the announcement of the United International Transportation Company (Budget Saudi), which was published on the Tadawul website on 03/16/2023, regarding the latest developments regarding the signing of a memorandum of understanding by one of its subsidiaries regarding the potential acquisition of (70%) of the Overseas Development Holding in its subsidiaries in the Kingdom of Saudi Arabia, the United Arab Emirates and the State of Kuwait.