eXtra opens its second branch in Saudi Arabia's Taif
The new store has a selling area of 1,600 square metres
Image used for illustrative purpose. Women walk at a market in Riyadh, Saudi Arabia, December 13, 2017.
REUTERS/Faisal Al Nasser
By Staff Writer, Mubasher
Riyadh – United Electronics Company (eXtra) has opened its second branch in Taif on Thursday, 1 August, bringing the total number of eXtra stores to 47 across GCC.
The new store has a selling area of 1,600 square metres, according to a filing to the Saudi Stock Exchange (Tadawul) on Sunday.
The new move comes along with the company’s strategy of development and expansion across the kingdom.
The project’s total cost amounted to SAR 11 million, and the financial impact will be reflected in the financial results of the third quarter of 2019.
“We are assured that our Company is working according to a clear strategy for expansion, to be closer to its customers, Our ongoing investment in expansion by opening new stores or developing the E-commerce platform (extra.com) is based on well study and understanding of the market and customers demand,” Mohammed Galal, CEO of eXtra, commented.
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.