eXtra’s BOD Approves Sale of 1.25% of Company’s Stake in Tas’heel

United Electronics Company (eXtra) announced on Wednesday the Board of Directors’ decision to approve the sale of 312,500 shares, representing 1.25% of eXtra ownership in the capital of the United International Holding Company (UIHC) (25 million shares).

The Company explained that this step was aimed at enhancing the liquidity of public ownership in the UIHC’s shares, in preparation for the implementation of the capital increase recommended by the UIHC’s Board of Directors (which included allocating shares to establish the Company’s employee stock programme).