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United Electronics Co. — Capital/Financing Update 2025
Aug 6, 2025
53357_rns_2025-08-06_2049eec3-cdd5-4068-96ec-b6ca335b03fc.html
Capital/Financing Update
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United Electronics Company (eXtra) announces the Board of Directors’ resolution to approve the sale of 1.25% of eXtra ownership in the capital of United International Holding Company (a subsidiary).
4003 · 06/08/2025 08:00:32 · Announcement #89298 · View on Saudi Exchange
United Electronics Company (eXtra) announces the Board of Directors’ resolution to approve the sale of 1.25% of eXtra ownership in the capital of United International Holding Company (a subsidiary).
| Element List | Explanation |
|---|---|
| Announcement Detail | United Electronics Company (eXtra) announces its Board of Directors resolution on Tuesday, 05 Aug 2025, to approve the sale of 312,500 shares, representing 1.25% of eXtra ownership in the capital of United International Holding Company (25 million shares). This step aims to enhance the liquidity of the public shareholding in United International Holding Company in preparation for the capital increase recommended by UIHC Board of Directors, (Which includes the allocation of Shares for employee stock options) |
The transaction will be carried out in accordance with the relevant rules and regulations of the Capital Market Authority.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.