Lock-up period ends for eXtra's sale of United International shares

03/06/2025 Argaam

Logo of United 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 on 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%
 

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