eXtra opens new branch in Maha'el Asseer with SAR 8 mln investment

25/04/2022 Argaam

A branch of United Electronics Co. (eXtra)

United Electronics Co. (eXtra) announced the opening of a new store in Maha'el Asseer, bringing the total number of stores in Saudi Arabia to 48, according to a bourse filing.

 

Currently, the total number of the company’s stores in the GCC stands at 53.

 

Worth SAR 8 million, the new store will span 1,300 square meters (sqm). The financial impact will begin in Q2 2022.

 

“Reaching our customers across various channels and to serve them as they expect, is the number one goal that our expansion plans relays on,” Mohamed Galal, Managing Director and Chief Executive Officer (CEO), said in the statement.

 

“The new store in Maha'el Asseer is an additional step towards our long-term expansion strategy.”

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