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United Electronics Company (eXtra) announces the latest developments regarding its intention to conduct an initial public offering (IPO) for its subsidiary, United International Holding Company
| Element List | Explanation |
|---|---|
| Introduction | In reference to United Electronics Company (eXtra) announcement on 18 Jumada Al-Thani 1445, corresponding to December 31, 2023, regarding its intention to conduct an initial public offering (IPO) for its subsidiary, United International Holding Company. which owns United Company for Financial Services (Tasheel), as well as the approval by eXtra's shareholders of the significant transaction related to United International Holding Company by offering 7,500,000 shares representing 30% of the capital of United International Holding Company for public subscription in the main market according to the extraordinary general assembly meeting held on Tuesday, 07 Shawwal 1445 AH, corresponding to April 16, 2024, United Electronics Company (eXtra) announces the resolution issued by the Board of the Capital Market Authority dated 20/12/1445H corresponding to 26/06/2024G, which includes the approval of the request by United International Holding Company to register its shares and offer (7,500,000) shares for public subscription, representing (30%) of the total shares of United International Holding Company. For further details, please refer to CMA’s announcement on the following link: https://cma.org.sa/en/Market/News/pages/CMA_N_3588.aspx |
| Previous Announcement | United Electronics Company (eXtra) announcement on 18 Jumada Al-Thani 1445, corresponding to December 31, 2023, regarding its intention to conduct an initial public offering (IPO) for its subsidiary, United International Holding Company |
| Date of Previous Announcement on Saudi Exchange’s Website | 2023-12-31 Corresponding to 1445-06-18 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | United Electronics Company (eXtra) announces the resolution issued by the Board of the Capital Market Authority dated 20/12/1445H corresponding to 26/06/2024G, which includes the approval of the request by United International Holding Company to register its shares and offer (7,500,000) shares for public subscription, representing (30%) of the total shares of United International Holding Company. For further details, please refer to CMA’s announcement on the following link: https://cma.org.sa/en/Market/News/pages/CMA_N_3588.aspx |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | NA |
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.
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Company Performance
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Last Price 89.75
Net Change 0.75 (+0.84%)
Value Traded (Sar) 49,077,749
Volume Traded 549,365
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