eXtra completes purchase of 3M treasury shares at SAR 265.4M

Logo of United Electronics Co. (eXtra)

United Electronics Co. (eXtra) completed the purchase of the targeted number of its shares to be held as treasury shares.

In a statement on Tadawul, the company said it bought three million shares for a total value of SAR 265.4 million, at an average purchase price of SAR 88.48 per share.

The buyback was executed within a maximum period of 18 months from the date of the extraordinary general meeting’s resolution.

According to data available on Argaam, eXtra’s shareholders approved, in May 2025 during an extraordinary general meeting, the purchase of up to three million ordinary shares to be held as treasury shares.

According to data available on Argaam, Tadawul’s reports show that the company’s total ownership of its shares reached 6.15 million shares, representing 7.69% of its total shares. This includes 3.52 million shares for the employee stock program, accounting for 4.39% of total shares, and 2.64 million shares for other purposes, representing 3.29%.