27/09/2017 09:10 AST

United Electronics Company (eXtra) announces the opening of its ninth Branch in Riyadh, bringing the total numbers of eXtra stores to Forty Three in GCC.

Extra CEO Mr. Mohammed Galal said (we are assured that our Company is working according to a clear strategy for expansion, to be more closer to its customers, Our ongoing investment in expansion by opening new stores or developing the E-commerce platform (extra.com) is based on well study and understanding of the market and customers demand, the new store in Riyadh with a selling area of 1,550 square meters is a new step towards our long term strategy of development and expansion), The total investment in the new store reached SR12 million and the financial impact of this new store will start in the 4th quarter of this year.


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The CMA Board has issued its resolution approving United Electronics Company’s request to increase its capital from SAR (300,000,000) to SAR (360,000,000) through issuing one bonus share for every (5


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STC 69.53 407,465
EXTRA 46.24 192,226
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NGIC 28.20 210,497
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