EXtra Board Approves 30% Cash Dividend for H2 2024

The Board of Directors of United Electronics Company (eXtra) has approved a cash dividend distribution of SAR 240 million to shareholders for the second half of 2024. The dividend per share is set at SAR 3, representing 30% of the nominal share value.

The company stated that 80 million shares are eligible for dividends, with the distribution date set for April 7, 2025.

Shareholders holding shares as of the eligibility date on Tuesday, March 18, 2025, and registered in the company’s shareholder records at EDAA (Securities Depository Center Company) by the end of the second trading day following the eligibility date will qualify for the payout.

The company added that dividends will be deposited directly into shareholders’ bank accounts linked to their investment portfolios via Al Rajhi Bank. Shareholders are urged to update their banking details to ensure timely receipt of their dividends. In case of deposit issues, shareholders may visit any Al Rajhi Bank branch to collect their dividends in cash by presenting their national ID.