eXtra CEO Ali Mansour, as saying that shoppers’ cautious spending trends emerge amid geopolitical tensions
Markets have witnessed geopolitical escalation that affected consumer behavior, with many opting to delay purchase decisions, potentially leading to the buildup of pent-up demand in the coming periods, Ali Mansour, Chief Executive Officer at United Electronics Co. (eXtra) told Argaam. 
“This was similar to what occurred during the COVID-19 pandemic,” he added.
eXtra managed to maintain stellar performance despite challenges, thanks to a flexible strategy and a solid financial position, alongside healthy inventory levels that contributed to supply chain stability. It achieved continued operating growth during Q1 2026, mirroring a strong business model alongside its ability to deliver sustainable growth amid the global headwinds. Mansour further hailed the resilience of the Saudi economy and the company’s ability to sustain long-term growth.
The online channel sales grew by 15.3% year-on-year (YoY), accounting for approximately 22.7% of total sales, supporting retail revenue growth of 3.6% YoY. Additionally, the consumer finance segment delivered positive performance, with revenue rising 17.5%, driven by a 21% increase in the financing portfolio, reflecting an expanding customer base.
eXtra reported a 10% profit increase YoY to SAR 94.7 million in Q1 2026, compared to SAR 86.1 million in a year earlier period, data compiled by Argaam showed.
eXtra CEO Ali Mansour, as saying that shoppers’ cautious spending trends emerge amid geopolitical tensions
Markets have witnessed geopolitical escalation that affected consumer behavior, with many opting to delay purchase decisions, potentially leading to the buildup of pent-up demand in the coming periods, Ali Mansour, Chief Executive Officer at United Electronics Co. (eXtra) told Argaam.
“This was similar to what occurred during the COVID-19 pandemic,” he added.
eXtra managed to maintain stellar performance despite challenges, thanks to a flexible strategy and a solid financial position, alongside healthy inventory levels that contributed to supply chain stability. It achieved continued operating growth during Q1 2026, mirroring a strong business model alongside its ability to deliver sustainable growth amid the global headwinds. Mansour further hailed the resilience of the Saudi economy and the company’s ability to sustain long-term growth.
The online channel sales grew by 15.3% year-on-year (YoY), accounting for approximately 22.7% of total sales, supporting retail revenue growth of 3.6% YoY. Additionally, the consumer finance segment delivered positive performance, with revenue rising 17.5%, driven by a 21% increase in the financing portfolio, reflecting an expanding customer base.
eXtra reported a 10% profit increase YoY to SAR 94.7 million in Q1 2026, compared to SAR 86.1 million in a year earlier period, data compiled by Argaam showed.
