Logo ofUnited Electronics Co. (eXtra)
The lock-up period imposed on United Electronics Co.’s (eXtra) sale of its shares in United International Holding Co., amounting to 70% of capital, ended yesterday, June 2 — six months after the latter’s listing on the Saudi Exchange (Tadawul) on Dec. 3, 2024. 
United International’s major shareholder — eXtra — was restricted from selling shares during the lock-up period, including shares owned indirectly by eXtra Bahrain in the company, which represent a 1% stake.
Following the expiry of this period, the company can dispose of its shares without the need to obtain the prior approval of the Capital Market Authority (CMA).
Major Shareholders
Shareholder
After IPO
Number of Shares
(‘000)
Ownership
(%)
eXtra
17250
69%
Logo ofUnited Electronics Co. (eXtra)
The lock-up period imposed on United Electronics Co.’s (eXtra) sale of its shares in United International Holding Co., amounting to 70% of capital, ended yesterday, June 2 — six months after the latter’s listing on the Saudi Exchange (Tadawul) on Dec. 3, 2024.
United International’s major shareholder — eXtra — was restricted from selling shares during the lock-up period, including shares owned indirectly by eXtra Bahrain in the company, which represent a 1% stake.
Following the expiry of this period, the company can dispose of its shares without the need to obtain the prior approval of the Capital Market Authority (CMA).
Major Shareholders
Shareholder
After IPO
Number of Shares
(‘000)
Ownership
(%)
eXtra
17250
69%
