Introduction

The Board of Directors of United International Transportation Company (Budget Saudi) is pleased to invite the shareholders to participate and vote in the Extraordinary General Assembly meeting (the first meeting), which will be held, on 17/05/2022 at 7:00 PM, via modern technology means

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

2022-05-17 Corresponding to 1443-10-16

Time of the General Assembly's Meeting

19:00

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

The Meeting of the Extraordinary General Assembly shall be valid only in the presence of shareholders representing half of the company’s capital. In the event that this quorum is not available in the first meeting, 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 if attended by a number of shareholders representing at least a quarter of company’s capital.

General Assembly Meeting Agenda

1. Voting on the company's auditor's report for the fiscal year ending on 31/12/2021

2. Voting on the company's financial statements for the fiscal year ending on 31/12/2021

3. Voting on the Board of Directors' report for the fiscal year ending on 31/12/2021

4. Voting on paying an amount of (SAR 2,780,000) as remuneration to the Board members for the fiscal year ending on 31/12/2021.

5. Voting on delegating the Board of Directors to distribute interim dividends on a biannual / quarterly basis for the fiscal year 2021.

6. Voting on the Board of Directors' recommendation to distribute dividends for the second half of 2021 at the rate of 1.3 riyals per share, representing 13% of the capital with a total amount of (SAR 92,516,668), Provided that the entitlement to dividends is for shareholders holding the shares by the end of the trading day of the assembly date, and who are registered in the Company's shareholders registry held with the Securities Depository Center Company (Edaa) at the end of the second trading day following the entitlement date. the distribution date to be announced later. (Attached)

7. Voting on discharging the members of the Board of Directors from liability for the fiscal year ending 31/12/2021

8. Voting on amending Article No (20) of the company’s bylaws relating to Powers of the Board of Directors. (Attached)

Proxy Form

E-Vote

Shareholders registered on the Tadawulati Services website will be able to vote remotely on the General Assembly’s Meeting Agenda through the (Electronic Voting) service, which will start from Friday morning (10:00 AM) dated 13/05/2022 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