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United Electronics Company (eXtra) Announces the Resignation of the Managing Director and Chief Executive Officer and the Appointment of a New Chief Executive Officer
| Element List | Explanation |
|---|---|
| Introduction | United Electronics Company (eXtra) announces that the Managing Director and Chief Executive Officer of the Company, Mr. Mohammed Galal Ali Fahmy, has submitted his resignation for personal reasons from his position as Managing Director and CEO, while continuing to serve as a Member of the Board of Directors and Chairman of the Strategy and Future Projects Committee. The Company’s Board of Directors, on 16 Feb 2026, resolved as follows: 1. Accept the resignation of Mr. Mohammed Galal Ali Fahmy from his position as Managing Director and CEO, effective as of 28 Feb 2026, while he will continue to serve as a Non-Executive Board Member and Chairman of the strategy and Future Projects Committee. 2. Appoint Mr. Ali Ahmed Mansour as Chief Executive Officer of the Company, effective as of 01 March 2026. The Board of Directors extends its sincere thanks and appreciation to Mr. Mohammed Galal Ali Fahmy for his valuable efforts and distinguished leadership in driving the Company’s growth over the past years, wishing him continued success. The Board also wishes Mr. Ali Ahmed Mansour success in his new role. |
| Element List | Explanation |
|---|---|
| Name of the Resigned Person | Mr. Mohammed Galal Ali Fahmy |
| Resignation Acceptance Date | 2026-02-16 Corresponding to 1447-08-28 |
| Resignation Effective Date | 2026-02-28 Corresponding to 1447-09-11 |
| Reasons for Resignation | Personal reasons |
| Element List | Explanation |
|---|---|
| Appointment Type | Appointment |
| Name of the Appointed Person | Mr. Ali Ahmed Mansour |
| Date of Board Resolution | 2026-02-16 Corresponding to 1447-08-28 |
| Date Work Commencement | 2026-03-01 Corresponding to 1447-09-12 |
| Brief Resume | Mr. Ali Ahmed Mansour currently serves as Chief Executive Officer for the Retail Sector at United Electronics Company (eXtra), a position he has held since 2019. He joined eXtra in 2004 and has held numerous leadership positions throughout his career, gaining over twenty years of extensive experience in the retail and consumer electronics sector. Throughout his career, he has contributed directly to achieving sustainable sales growth, enhancing operational and commercial efficiency, and supporting the implementation of the company’s strategic plans, in addition to his expertise in business development. Mr. Ali holds a bachelor’s degree in marketing from the American University of Beirut |
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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