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 16.14 0.28 (1.76%)
ALDREES 118.00 2.40 (2.07%)
SASCO 50.60 1.24 (2.51%)
ALSAIFGALLERY 7.00 0.06 (0.86%)
CENOMIRETAIL 14.80 0.25 (1.71%)

Recent News

Gulf Bank launches beach cleanup campaign to mark World Ocean Day

10/06/2026

In line with its ongoing commitment to environmental sustainability and raising community awareness about the importance of protecting natural resources, Gulf Bank launched a beach cleanup campaign n

Kuwait Times

First Avenue fund targets prime Saudi education real estate assets

10/06/2026

First Avenue for Real Estate Development Company has announced that it has signed an agreement with SNB Capital, Dar Al Majed Real Estate Company (Almajdiah) and Rekaz Real Estate Company to establis

Trade Arabia

AD Ports launches trial operations at Noatum Ports - Safaga Terminal in Egypt

10/06/2026

AD Ports Group, a leading global enabler of integrated trade, industry and logistics solutions, today launched trial operations at Noatum Ports - Safaga Terminal in Egypt ahead of the terminal's full

Trade Arabia

GFH, Octo in deal to develop $300m logistics and industrial platform

10/06/2026

GFH Bank today (June 9) announced the signing of a strategic MoU with Octo Management Consultancies to collaborate on the development of a $300 million logistics and industrial real estate platform a

Trade Arabia

Umm Al Qura unveils new mixed-use urban destination in Makkah

10/06/2026

Saudi developer Umm Al Qura has announced the unveiling of Masar Gardens, a mixed-use urban destination in Makkah featuring residential, commercial, hospitality, and public-use components backed by e

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