RIYADH: United Electronics Co., also known as eXtra, is seeking its shareholder’s approval to increase its capital by over 33 percent, from SR600 million to SR800 million ($231 million), through the issuance of bonus shares.
The electronics goods supplier’s capital increase plan is intended to strengthen the firm’s financial position, according to its bourse filing.
The board of directors has recommended increasing the company’s capital by raising the number of shares to 80 million from 60 million.
DUBAI: Four members of the Syrian Arab Republic’s Road Security forces were killed recently by…
DUBAI: Yemen’s Presidential Leadership Council Chairman Rashad Al-Alimi said on Wednesday that the military operation…
DUBAI: Rory McIlroy’s season takes him around the world, but his training and recovery environment…
DUBAI: Saudi Lebanese fashion designer and influencer Alanoud Badr, known on social media as Fozaza,…
During his appearance on BBC Breakfast, Goodburn called for more resource to be put into…
DUBAI: Two Saudi startups are among 10 finalists competing at the London Business School MENA…