EXTRA-THE CAPITAL MARKET AUTHORITY APPROVES THE CAPITAL INCREASE

REQUEST FOR UNITED ELECTRONICS COMPANY ("EXTRA") THROUGH THE ISSUANCE OF BONUS SHARES

09/03/2015 16:38 AST

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) existing shares owned by the shareholders who are registered in the shareholders registry at the closing of trading on the day of the extraordinary general assembly. Such increase will be paid by transferring an amount of SAR (60,000,000) from the "Retained Earnings" account to the Company's capital. Consequently, increasing the Company's outstanding shares from (30,000,000) shares to (36,000,000) shares, by an increase of (6,000,000) shares. The bonus shares eligibility is limited to the shareholders who are registered in the shareholders registry at the close of trading on the day of the extraordinary general assembly, which will be determined later by the Company's board, and should be held within six months from the approval date. This approval is conditional on the Company satisfying the regulatory requirements of Companies Law and any other applicable laws.


Tadawul

News

eXtra announces the opening of 9th store in Riyadh

27/09/2017

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

Tadawul

eXtra plans to acquire 51% of fashion retailer

09/06/2015

eXtra (United Electronics Company) has entered into a Memorandum of Understanding (MOU) with Mohammad Yousuf Sager & Co., about its intention to acquire 51% of the company. The basic conditions of th

Saudi Gazette

eXtra names new CEO

18/03/2015

Saudi Arabia-based technology and consumer electronics retailer eXtra has named Abdulhameed Abdulaziz Al Ohali as CEO. The appointment follows the resignation of previous CEO Karim Al Dahabi for pers

Saudi Gazette

Most Viewed Companies

Ticker Price Volume

Valuation

EXTRA Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
JARIR 14.43 0.09 (0.62%)
ALDREES 129.60 0.20 (0.15%)
SASCO 53.75 0.25 (0.46%)
ALSAIFGALLERY 6.84 0.13 (1.93%)
CENOMIRETAIL 16.18 0.38 (2.40%)

Recent News

Parkin signs deal with Binghatti to manage parking spaces

15/04/2026

Parkin Company, the largest provider of paid public parking in Dubai, will manage 1,200 spaces across selected Binghatti developments located in Jumeirah Village Circle, Al Jaddaf and Business Bay. <

Khaleej Times

Asyad Shipping expands fleet with 3 new bulk carriers worth $209mn

15/04/2026

Asyad Shipping Company has taken delivery of three Newcastlemax dry bulk carriers as part of its ongoing fleet expansion strategy, the company said in a disclosure to the Muscat Stock Exchange.
<

Muscat Daily

Aramco Digital partners with Cumulocity to deliver industrial AIoT solutions

15/04/2026

Cumulocity, a global leader in industrial AIoT, has signed a strategic partnership agreement with Aramco Digital to expand the deployment of its enterprise-grade platform across the region.

Trade Arabia

AD Ports Group signs deal explore investment in key Romania port

15/04/2026

AD Ports Group, a leading global enabler of trade, industry and logistics solutions, has signed a framework agreement with the National Company Maritime Ports Administration, the administrator of the

Trade Arabia

Aldar launches first phase of premium Abu Dhabi mid-rise community project

15/04/2026

Leading UAE developer Aldar has announced the launch of the first phase of Yas Park Place, a new residential community in the heart of Yas Island that introduces a distinctive garden-led living conce

Trade Arabia

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap