Extra opens in Bahrain


05/01/2013 08:31 AST

Under the patronage of National Guard Commander Lt. General Shaikh Mohammed bin Isa Al Khalifa, Dr. Hassan Fakhro, Minister of Industry and Commerce, officially opened today the first United Electronics Company (Extra) store in the Kingdom of Bahrain.

Extra is Saudi Arabia's fastest-growing consumer electronics and home appliance retailer and the largest in the Middle East region.

The opening of the company's 30th store in the region, which is located in Tubli, along the Shaikh Isa Highway opposite Adhari Park, was also attended by Shaikh Hamad Bin Mohammed Bin Isa Al Khalifa, Abdullah Al Fozan, Chairman of the Board of Directors of United Electronics Company "Extra" and board member and Chief Executive Officer, Mohamad Galal as well as leading local businessmen

With a consumer electronics market worth an estimated $600m annually, Extra, a publicly listed company, has decided that now is the right time to enter the electronics market in the Kingdom and showcase its unique business model, which is focused on providing a unique shopping experience coupled with the best possible prices and after-sales service.

With a population that has grown by 17.9% over the last four years, according to published statistics, a need in the market for high quality products and services, and its close proximity to Saudi Arabia, the Kingdom of Bahrain is a natural choice for the next stage of Extra's ongoing expansion.

Occupying 14,000 square meters, the new store will employ approximately 200 people. Extra's new store will also be the largest home appliance and consumer electronics retail showroom in the country, offering more than 12,000 world-leading products.

"Following our huge success in Saudi Arabia, we are delighted to transport the Extra brand the short distance across the causeway to the Kingdom of Bahrain," said Abdullah Al Fozan, Chairman of the Board, United Electronics Company (Extra).

"On behalf of the company, I would like to thank the government of Bahrain for its wise leadership, which has created a supportive environment for the business sector in the Kingdom and yielded positive impacts in the wider economy.

"Our new store represents a major investment in Bahrain and will create approximately 200 direct and indirect jobs locally. We also hope to transform the experience of purchasing consumer electronics and home appliances in Bahrain, and look forward to welcoming people in the Kingdom to Extra for the first time."

Mohammad Galal, Chief Executive Officer, United Electronics Company (Extra), said: "As well as being the best electronics retailer, we are also the most ambitious, with a stated vision of becoming the leading retailer of consumer electronics, appliances and communication solutions in the central region of the world by 2020. Today's event in Manama is another major step towards achieving that goal, and will be followed by the launch of our first store in Muscat, Oman, in January 2013."

The new store will be completely wired by Viva Telecommunication Company and will offer free 4G Wi-Fi to all customers, which will allow them to keep in touch with their daily business while enjoying the shopping experience.

For more on this:

http://www.ameinfo.com/extra-bahrain-324598

AME Info
United Electronics Co. - EXTRA
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | News Archive
Most Viewed Companies
Ticker Price Volume
QNBK 152 277,896
SABIC 97.29 2,079,752
MMG 12.55
RJHI 64.82 2,142,800
EEC 21.95 778,245
DU 6 157,134
RIBL 10.81 453,023
Recent News

Gold firms as markets await Trump tax plans
Gold firmed on Monday as the dollar softened, although moves were muted as markets awaited details on US President Donald Trump’s tax policy, and guidance on the pace of interest rate hikes from a ra

Oil rises, but growing US output threatens rally
Oil edged up on Monday, as investor optimism over the effectiveness of producer cuts encouraged record bets on a sustained price rise, although growing US output and stubbornly high stockpiles kept p

7 firms to list on 2nd Saudi stock board
Seven companies will start trading in Saudi Arabia next Sunday on a parallel market designed to boost the role of small and medium firms, the bourse said on Monday.

The new market, called No

Women named to head Saudi bourse, major bank
Women have been named to head Saudi Arabia’s stock exchange and a major bank, the institutions announced, despite the kingdom’s social restrictions on females. Samba Financial Group on Sunday said R

Kuwait Wealth Fund Head Al Saad Said to Step Down After 14 Years
Kuwait Investment Authority is set to name Farouk Bastaki as managing director, replacing Bader Al Saad who ran the world’s fifth-largest sovereign wealth fund for 14 years, a person familiar with th

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?