United Electronics Co. (eXtra) announced the completion of its treasury share buyback program, purchasing 3 million shares for SAR 265.4 million at an average price of SAR 88.48 per share. The buyback was approved by shareholders in May 2025 and executed within the 18-month period allowed by the resolution. This move signals management's confidence in the company's intrinsic value and may enhance shareholder value by reducing the number of outstanding shares. The transaction could positively impact eXtra's earnings per share and investor sentiment in the Saudi equity market.
eXtra completes purchase of 3M treasury shares at SAR 265.4M
United Electronics Co. (eXtra) announced the completion of its treasury share buyback program, purchasing 3 million shares for SAR 265.4 million at an average p
ForexEF
2026-03-01
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