Latest news with #eXtra
Argaam
27-05-2025
- Business
- Argaam
eXtra shareholders OK 3M share buyback
United Electronics Co.'s (eXtra) shareholders approved the buyback of a maximum of 3 million shares, to be retained as treasury shares. This came during the extraordinary general meeting (EGM) held on May 26, according to a statement to Tadawul. The board of directors believes that eXtra shares trade below their fair value. The share repurchase will be financed through the company's internal resources as well as the proceeds from the initial public offering (IPO) of its subsidiary (United International Holding Co.). The board will be authorized to complete the share repurchase in one or multiple phases within a maximum period of 18 months from the date of the general meeting resolution. The company shall retain the purchased shares for a period not exceeding eight years from the date of the shareholders' approval. After this period, the company shall follow the procedures and regulations stipulated in the applicable laws and regulations. Additionally, shareholders authorized the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2025.
Zawya
08-04-2025
- Business
- Zawya
Saudi: eXtra logs $27.57mln profits in Q1-25
The net profits of United Electronics Company (eXtra) jumped by 10.12% year-on-year (YoY) to SAR 103.36 million in the first quarter (Q1) of 2025 from SAR 93.86 million. The revenues hit SAR 1.74 billion in the first three months (3M) of 2025, an annual rise of 10.03% from SAR 1.58 billion, according to the estimated financial results. Earnings per share (EPS) climbed to SAR 1.29 in Q1-25 from SAR 1.17 in Q1-24. The quarterly net profits shrank by 41.81% from SAR 177.65 million in Q4-24, whereas the revenues grew by 3.87% from SAR 1.67 billion. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
