Introduction

The Board of Directors of United International Transportation Company (Budget Saudi) is pleased to announce the results of the Tenth Ordinary General Assembly, which was held on Thursday 26/12/1442 corresponding to 05/08/2021 at 6:30 pm by using modern technology means.

City and Location of the General Assembly's Meeting

By means of modern technology from the Company's Headquarters in Jeddah.

Date of the General Assembly's Meeting

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

Time of the General Assembly's Meeting

18:30

Percentage of Attending Shareholders

38.7%

Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees

The Board Members who attended the meeting are:

1. Bassim Abdullah Alim (Board Chairman)

2. Mohammed Abdulaziz Alghannam

3. Abdulrahman Hassan Bakheet

4. Ahmed Abdullatif Albarrak

And the following Board Members were absent:

1. Khaled Abdullah Aldabal (Board Vice-Chairman)

2. Abdullah Jarallah Alsaawi

3. Miqad Abdullah Alkhamis

4. Yousef Abdullah Alrajhi

Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf

1. Mohammed Abdulaziz Alghannam (Audit Committee Chairman)

2. Ahmed Abdullatif Albarrak (On behalf of the Nominations and Remunerations Committee Chairman)

Voting Results on the Items of the General Assembly's Meeting Agenda's

1. Approval on the Board’s resolution to appoint Mr. Mohammed Abdulaziz Alghannam (Non-Executive 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.

2. Approval 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.