Introduction

The United International Transportation Company (Budget Saudi) Board of Directors is pleased to call the shareholders to attend the Tenth ordinary general assembly meeting (1st meeting) by means of modern technology using TADAWULATY system, in order to ensure the safety of the shareholders in the Capital Market and within the support of preventive and precautionary efforts and measures by the competent and relevant health care provider to address Coronavirus (Covid-19), as well as the continuous efforts made by all government agencies in the Kingdom of Saudi Arabia to take the necessary preventive measures to prevent its spread, it has been decided to hold the Tenth Ordinary General Assembly at Thursday 18:30 pm on 05/08/2021, by means of modern technology provided by TADAWULATY.

City and Location of the General Assembly's Meeting

Through modern technology means and from the Company’s head office in Jeddah (Using Tadawulaty system only)

URL for the Meeting Location

www.tadawulaty.com.sa

Date of the General Assembly's Meeting

2021-08-05 Corresponding to 1442-12-26

Time of the General Assembly's Meeting

18:30

Attendance Eligibility

Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations

Quorum for Convening the General Assembly's Meeting

In order for the holding of the Ordinary General Assembly to be valid, the attendance of shareholders representing at least a quarter of the capital is required, and in the event that the quorum required for holding the first meeting is not complete, the second meeting will be held an hour after the end of the period specified for the first meeting, and the second meeting will be valid regardless of the number of shares represented in it.

General Assembly Meeting Agenda

1. Voting on the Board’s resolution to appoint Mr. Mohammed Abdulaziz Alghannam (Independent Board Member) as an Audit Committee member, starting from 24/06/2021 until the end of the current committee’s term on 20/06/2024 to succeed the former committee member Mr. Samir Saud Samman (Non-Board Member) effective from the date of the resolution issued on 24/06/2021. This appointment is in accordance with the Audit Committee Regulations. (CV attached)

2. Voting on increasing the number of Audit Committee seats from (3) to (5) seats, whereby the number of Audit Committee members becomes (5) members, by appointing Mr. Mohammed Qaadan Alotaibi (Non-Board Member) and Mr. Adeeb Mohammed Abanumi (Non-Board Member) as members of Audit Committee starting from the date of the assembly's approval until the end of the current committee’s term of office on 20/06/2024 (CVs attached).

Proxy Form

E-Vote

Shareholders registered on the Tadawulaty Services website will be able to vote remotely on the General Assembly’s Meeting Agenda through the (Electronic Voting) service, which will start from Sunday morning (10:00 AM) dated 01-08-2021 and ending when the voting committee finishes counting the votes. The registration and voting on the Tadawulaty platform are freely available for all shareholders by using the following link: https://login.tadawulaty.com.sa

Eligibility for Attendance Registration and Voting

Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes

Method of Communication

In the event of an inquiry about the Assembly's items, please contact the Shareholders Affairs Department on (0126927070), Ext 1610, 1777 or 1115; or via e-mail e.baziz@budgetsaudi.com - mazen@budgetsaudi.com - rmandhour@budgetsaudi.com

Attached Documents