Everyone enjoys ESIP benefits: eXtra CEO

United Electronics Co.’s (eXtra) employee stock incentive program (ESIP) delivered gains for all stakeholders, including investors, founders, and the market, said CEO Mohamed Galal.

He noted that extra focuses on investing in and developing its internal talent.

In comments to Asharq, Galal said the company seeks to ensure consumers receive the best service, investors achieve strong returns, and employees earn optimal rewards.

He added that extra’s market capitalization has risen from SAR 1 billion in 2016 to more than SAR 7 billion currently, meaning all parties have benefited.

According to data available with Argaam, extra held 3.52 million treasury shares under its employee share programs, representing 4.39% of its total shares, as of the end of 2025.