eXtra (United Electronics Co.) in the news

eXtra (United Electronics Co.) experienced an 18% year-on-year decline in its Q2 2026 results.

eXtra (United Electronics Co.) plans to buy back nearly 2.5 million of its own shares, approximately 3.12% of its total, believing the market price is undervalued.

United Electronics Co. (eXtra) reported increased first-half net profit and revenue for 2026, supported by retail and consumer finance growth, and declared a dividend.

eXtra shareholders elected new board members for a three-year term and authorized interim dividend distribution for 2024.

eXtra shareholders approved empowering the board to distribute interim dividends for 2023 and also approved other agenda items, including prior dividend distributions.

eXtra's CEO predicts a 20-25% price surge in electronics and laptops due to increased component and shipping costs, with some rises already observed in various product categories.

eXtra's Q2 performance was affected by geopolitical uncertainty impacting consumer spending, but the company managed supply chain well and expects Q3 improvements despite profitability pressure from consumer finance and strategic investments.

New logistics centers for Aldrees and eXtra have opened at King Abdulaziz Port to boost storage capacity and supply chain efficiency.

United Electronics Co. (eXtra) authorized quarterly or semi-annual dividend distributions for 2026 and updated its remuneration policy.

Saudi electronics retailer eXtra (United Electronics Co.) reported increased first-half net profit and revenues, driven by retail and consumer finance growth, and declared a dividend.

eXtra (United Electronics Co.) opened a new 8 million SAR, 1,300 sqm branch in Maha'el Asseer, Saudi Arabia, their 48th in the country and 53rd in the GCC, with financial impact expected in Q2 2022.

Mohamed Galal is stepping down as CEO of eXtra to be replaced by long-time retail executive Ali Mansour.

Mohamed Galal resigned as CEO of eXtra, and Ali Mansour, formerly CEO of the retail segment, was appointed as the new CEO.

United Electronics Company (eXtra) reported increased revenues and an adjusted net profit growth of 6.3% in 2025, driven by strong retail performance and consumer finance.

eXtra, a Saudi electronics retailer, reported increased first-half net profit and revenue, along with a dividend declaration, despite a slight quarterly profit dip.

United Electronics Co. achieved record revenues of SAR 7.4 billion and a 24% gross margin in 2025 driven by retail growth and fintech expansion.

Strong retail and e-commerce growth fueled a rise in 2025 net profit to SAR 493.8 million and plans for store expansion.

United Electronics Company expanded its retail footprint in Oman by opening a new consumer electronics and home appliances store in Nizwa.

eXtra's consumer financing portfolio grew to SAR 3 billion in Q3 2025, with revenues up 12% and net profit up 7%, supported by strategic investments and marketing.

eXtra's board approved selling a 1.25% stake in Tasheel to increase liquidity before a capital increase for an employee incentive plan.