eXtra opens new SAR 9 mln store in Madinah

03/12/2015 Argaam

United Electronics Co. (eXtra) has opened its second store in Madinah at an investment cost of SAR 9 million, the home appliance retailer said in a statement to Tadawul.

 

The new outlet brings eXtra’s network to a total of 41 branches within the GCC region.

 

The related financial impact is said to be reflected on Q4-2015 results.

 

“The new showroom in Madinah, with a total selling area around 1400 square meters, is another step in the implementation of our long term strategy of development and expansion, and confirms our commitment to providing products to our customers in kingdom,” the company’s chief executive Abdulhameed Al-Ohali said.

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