About Budget Saudi
United International Transportation Company, together with its subsidiaries, engages in the leasing and rental of vehicles, and used car sales under the Budget Rent a Car name in Saudi Arabia. The company was founded in 1978 and is headquartered in Jeddah, Saudi Arabia. The company has been engaged in car rental activity since inception under the franchise contract of Avis Budget Group.
The company provides services such as short term local and international rental, long term rental, car rental, chauffeur, limousine and cross border rental, corporate leasing, and frequent travelers loyalty programs. It also rents and leases heavy vehicles and equipment, as well as trades in heavy vehicles, equipment, and spare parts. In addition, the company is involved in the transportation of goods, air cargo, and marine freight; and trading and maintenance of vehicles. As of September 2025 Budget Saudi's TTM revenue is $0.55 Billion USD.
In 2025, SEDCO Holding announced completion of the sale of its fully owned subsidiary Al-Jazeera Equipment Company Limited (AutoWorld) to Budget Saudi, making SEDCO a major shareholder in the largest auto rental and leasing company in the region. This strategic expansion raised Budget Saudi's combined fleet to 50,000 vehicles.
Facts compiled by Executive Moves from publicly available news and press releases on 4 August 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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