The increase in the profits of “Saudi Arabia” to 311.7 million riyals in 2024

The profits of the United International Transport Company (Saudi Arabia) increased in 2024 by 12.4% to 311.7 million riyals, compared to 277.2 million riyals in 2023.
According to the company’s statement on the circulation of Saudi Arabia, the reason for the rise in the net profit during this year compared to the previous year is to improve the operating rates in the short -term and long -term leasing, in addition to increasing the volume of the fleet.
The acquisition of the “auto world”, which focuses on a long -term leasing, has increased profits during the last five months of the year. In addition, operational integration and the use of the resulting harmony after acquisition has improved the use of the fleet and continuously raising profitability.
Yesterday, the Board of Directors recommended to the General Assembly to distribute final monetary profits to the shareholders for the second half of 2024 AD.
The total amount distributed is estimated at 78.166 million riyals, while the number of shares due for profits is 78,166,668 shares.
The share share of the distribution is 1 riyals per share, while the distribution rate to the nominal share value is 10%.
The cash distributions of the shareholders who are owned by shares will be the day of the entitlement on the company’s shareholders’ record at the deposit center at the end of the second trading day that follows the day of the company’s general assembly meeting (the day of the eligibility), which will be announced later.
She noted the announcement of the date of the distribution later.