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, according to a bourse disclosure on Tuesday.

The new facility brings the total number of eXtra stores to 47 inside Saudi Arabia and 52 across the GCC states.

eXtra noted that the financial impact of opening the new branch will reflect on the income statements of the third quarter (Q3) of 2021.

CEO Mohammed Galal said: “Our ongoing investment in expansion by opening new stores or developing the e-commerce platform (extra.com) is based on well study and understanding of the market and customers demand.”