United Electronics Co (4003)

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News

11 April 2022 09:39 AM eXtra sees 20% higher estimated profits in Q1-22

Riyadh – Mubasher: United Electronics Company (eXtra) recorded a 20.03% rise in its estimated net profits to SAR 97.47 million in the first quarter (Q1) of 2022, compared to SAR 81.2 million in the same quarter of 2021. Higher profits are driven …

Financial Results

8 March 2022 01:36 PM eXtra to pay SAR 2.5/shr dividend for H2-21

Riyadh - Mubasher: The board of United Electronics Company (eXtra) announced a cash dividend of SAR 2.50 per share for the second half (H2) of 2021. The company will pay a total of SAR 150 million, representing 25% of the capital, for 60 million …

Cash Dividends

10 January 2022 08:39 AM eXtra's estimated profits rise 42% in 2021

Riyadh – Mubasher: The estimated net profits after Zakat and tax of United Electronics Company (eXtra) jumped by 41.61% to SAR 396.7 million in 2021 from SAR 280.14 million in 2020. The company generated revenues of SAR 5.834 billion in 2021, down …

Financial Results

19 December 2021 08:41 AM eXtra to established fully owned subsidiary in Egypt

Riyadh – Mubasher: The board of United Electronics Company (eXtra) has approved the launch of a fully-owned subsidiary in Egypt through initial direct investments of EGP 1 billion into the Egyptian Market. This step is eXtra's first expansion …

Companies Investments

11 October 2021 09:22 AM eXtra sees 67% higher profits in Q3-21

Riyadh – Mubasher: The net profits after Zakat and tax of United Electronics Company (eXtra) jumped by 66.73% to SAR 89.1 million in the third quarter (Q3) of 2021 from SAR 53.44 million in the year-ago period. Higher profits are attributed to …

Financial Results

31 August 2021 09:16 AM eXtra invests SAR 5m in new branch

Riyadh – Mubasher: United Electronics Company (eXtra) has inaugurated a new store on Monday, 30 August, at a total investment of SAR 5 million. The new unit is located in Karam Mall in Al Majma'ah city at a retail space of 1,000 square metres, …

Companies Investments

12 July 2021 09:09 AM eXtra records SAR 182m profits in H1-21; dividends announced

Riyadh – Mubasher: United Electronics Company (eXtra) achieved net profits after Zakat and tax worth SAR 181.7 million during the first half (H1) of 2021, higher by 45% than SAR 125.06 million in H1-20. Earnings per share stood at SAR 3.03 in …

Board of Directors

4 July 2021 10:02 AM eXtra opens new branch at SAR 5m in investment

Riyadh – Mubasher: United Electronics Company (eXtra) has inaugurated a new unit in Al Rayan district’s Ad Dawadmi at total investments of SAR 5 million. The new facility brings eXtra’s total number of branches to 46 in Saudi Arabia and to 51 …

Companies Investments

26 May 2021 10:42 AM eXtra’s Tasheel gets regulatory nod for credit card finance

Riyadh – Mubasher: United Company for Financial Services, a fully owned subsidiary of United Electronics Company (eXtra), has obtained a license from the Saudi Central Bank (SAMA) to begin credit card finance activity. eXtra said the financial …

Central Banks

17 May 2021 09:18 AM eXtra names Chairman, Vice Chairman

Riyadh – Mubasher: United Electronics Company (eXtra) has appointed Abduljabbar AbdulRahman Mohamed Al Abduljabbar as the Chairman of the board for a three-year term starting 13 May 2021. The company also announced the appointment of Abdullah Ali …

Corporate Actions

2 May 2021 02:16 PM eXtra’s shareholders approve SAR 180m dividends for 2020

Riyadh – Mubasher: The shareholders of United Electronics Company (eXtra) approved the board’s resolution to pay a total of SAR 180 million as cash dividends for 2020, according to a bourse disclosure on Sunday. eXtra is therefore paying SAR 3 per …

General Assembly

18 March 2021 10:23 AM eXtra's board proposes SAR 2/shr dividends for H2-20

Riyadh – Mubasher: The board of directors of United Electronics Company (eXtra) recommended a cash dividend of 20% of the company’s capital for the second half (H2) of 2020. The board decided to distribute a total of SAR 120 million or SAR 2 per …

Cash Dividends

10 January 2021 09:58 AM eXtra sees 36% higher net profits in 2020

Riyadh – Mubasher: The estimated financial results of United Electronics Company (eXtra) recorded a 36.33% increase in net profits after Zakat and tax to SAR 280.3 million in 2020, compared to SAR 205.6 million in 2019. The higher net profits are …

Financial Results

26 October 2020 08:33 AM eXtra posts 96.3% profit hike in Q3 initial results

Riyadh – Mubasher: United Electronics Company (eXtra) reported SAR 53.44 million in net earnings for the third quarter (Q3) of 2020, up 96.3% year-on-year (YoY), as shown by the firm’s initial financials. This was helped by an 18.4% YoY increase …

Financial Results

11 October 2020 09:14 AM eXtra earnings jump 95.4% in Q3

Riyadh – Mubasher: The estimated financial results of United Electronics Company (eXtra) showed a 95.4% yearly surge in profits during the third quarter (Q3) of 2020. The electronics company's earnings hit SAR 53.2 million in the July-September …

Financial Results

17 August 2020 08:08 AM eXtra’s unit to raise capital by SAR 200m

Riyadh – Mubasher: United Company for Financial Services, a fully owned subsidiary of United Electronics Company (eXtra), received the Saudi Arabian Monetary Authority's (SAMA) approval to complete regulatory procedures to increase its capital by …

Companies Investments

20 July 2020 09:17 AM eXtra logs 25% higher Q2-20 profits; plans dividends

Riyadh – Mubasher: The initial financial statements of United Electronics Company (eXtra) showed a 24.89% surge in net profits after Zakat and tax during the second quarter ending 30 June 2020. The profits amounted to SAR 90.5 million in the …

Board of Directors

31 May 2020 08:56 AM eXtra’s profits up 2.5% in Q1-20

Riyadh – Mubasher: United Electronics Company (eXtra) reported SAR 34.68 million in net profits during the first quarter (Q1) ended on 31 March 2020, 2.5% more than SAR 33.8 million in the corresponding period in 2019. Sales grew by 16.5% …

Financial Results

6 May 2020 11:57 AM eXtra's EGM agrees on capital increase

Riyadh - Mubasher: The extraordinary general meeting (EGM) of United Electronics Company (eXtra) approved to raise the capital from SAR 500 million to SAR 600 million by issuing bonus shares of 20%. The number of shares will rise from 50 million …

General Assembly

17 March 2020 05:01 PM CMA approves eXtra’s capital hike request

Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved United Electronics Company’s (eXtra) request to increase its capital from SAR 500 million to SAR 600 million. The capital hike will be through the issuance of one bonus share …

Markets Regulations

8 March 2020 09:44 AM eXtra proposes 20% capital raise, dividends for H2-19

Riyadh – Mubasher: The board of directors of the United Electronics Company (eXtra) decided to distribute cash dividends of SAR 1.25 per share for the second half of 2019. Dividends will be distributed among shareholders owning shares as of 15 …

Corporate Actions

2 February 2020 10:13 AM eXtra opens largest VR gaming hub in Saudi Arabia

Riyadh – Mubasher: United Electronics Company (eXtra) announced the opening of the first virtual reality (VR) gaming centre in Al Khobar city. XTRA LIFE is considered the biggest of its kind to offer VR gaming services in Saudi Arabia, according …

Companies Investments

19 January 2020 11:12 AM eXtra records highest ever annual profits in 2019

Riyadh – Mubasher: United Electronics Company (eXtra) reported the highest annual net profit since its inception, as shown by the estimated financial results for 2019. Net profits grew last year by 27.67% to a record SAR 205.8 million, compared …

Financial Results

20 October 2019 09:31 AM eXtra receives insurance claim of SR 24.2m for store fire

Riyadh – Mubasher:  United Electronics Company (eXtra) has received a total insurance claim of SAR 24.2 million against the store fire incident. The Saudi-based company noted that the total assets book value damaged by this incident totalled SAR …

Company News

13 October 2019 10:37 AM Al Rajhi Capital sets TP of eXtra at SAR 80/shr

Riyadh – Mubasher: Al Rajhi Capital has set the target price of the Tadawul-listed company United Electronics (eXtra) at SAR 80 per share, up 12.2% from the current price. The research firm noted that eXtra reported significant top-line growth of …

Ratings