Budget Saudi EGM did not convene; ex-div date to be determined
Budget Saudi's (4260.SE) extraordinary general meeting (EGM) that was scheduled for 21 April 2016 did not convene due to lack of quorum. Accordingly, the ex-dividend date for the 1:5 bonus issue and SAR1.5 DPS has been postponed pending an announcement of a new EGM date. (Company disclosure) Budget Saudi: SAR43.50 as of 21 April 2016, Rating: Buy, FV: SAR67.00 per share, MCap: USD590 million, BUDGET AB / 4260.SE
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