The Board of Directors of the United Electronics Company (Extra) decided, after its meeting held on Sunday, to distribute cash dividends to the company's shareholders for the first half of 2021, with a total of 120,000,000 riyals.

According to Arabiya Net, the company clarified in a statement that the number of shares entitled to dividends amounted to 60,000,000 shares, with a distribution share of two riyals per share, i.e. 20% to the nominal value of the share. .

Eligibility will be for the shareholders who own the shares on the due date Thursday, July 15, 2021, and are registered in the company's shareholders register with the Securities Depository Center Company (Edaa) at the end of the second trading day following Due date, with distribution to be made on Thursday, August 5, 2021.

The company's net profit in the second quarter of this year amounted to 100.5 million riyals, compared to 90.4 million riyals for the same period last year, an increase of more than 11%, despite From a decrease in sales by 14.4% from the same quarter of the previous year, as a result of the significant increase in demand for electronic and household appliances during the second quarter of last year, especially in April during the curfew period, and also before the implementation of the decisions to increase value-added tax in July from last year, according to the company's statement.

The statement added: Supported by the growth in the revenues of the consumer finance sector, the gross profit for the second quarter of this year grew by 4.7% over the same quarter of last year, to record the gross profit 289 million riyals, compared to 276 million riyals for the same quarter last year. Which had the effect of increasing the net profit by 11.2%.

It is reported that the United Financial Services Company achieved an estimated net profit of 25.4 million riyals in the second quarter, compared to 4.3 million riyals for the same quarter of the previous year.

While the net profit in the first half of the year amounted to 181.7 million riyals, compared to 125.1 million riyals for the same period of the previous year, an increase of more than 45%, despite the decrease Sales were slightly lower compared to the same period last year, supported by eXtra services revenue and consumer finance sector revenue growth.