Riyadh – Mubasher: United Electronics Company (eXtra) inaugurated on Tuesday, 26 September, a new store with total investments of SAR 12 million, covering an area of 1,550 square metres.

This store is the ninth store of eXtra in Riyadh, it is located in Alhamra district on the way of King Abdullah bin Abdulaziz, and the 43th in the GCC region, according to a statement on Wednesday to the Saudi Stock Exchange (Tadawul).

The inauguration of the new store is an important part of implementing the strategic plans of the firm's expansion on long-term, the CEO Mohammed Galal stated.

The financial impact of opening the store will appear in the fourth quarter of the fiscal year of 2017, Galal added.

By 11:33 am KSA time, eXtra’s stock went up 2.39% to SAR 45.75.