Riyadh – Mubasher: The United Electronics Company (eXtra) announced that it has launched its third branch in Oman on Wednesday, 28 August 2019, in Al Turaif District, Sohar, hence, raising its GCC stores to 48.

The new branch’s total investments amounted to SAR 22 million ($5.87 million), according to the Saudi Stock Exchange (Tadawul) on Thursday.

eXtra is diligently following its expansion strategy on both local and regional scales, the company’s CEO Mohammed Galal stated.

The financial impact of the new branch will reflect on the financial statements starting the third quarter of 2019, he further remarked.

Earlier this month, eXtra announced that it has opened a second branch in Al Taif city at a total investment value of SAR 11 million.