United Electronics Company (eXtra) announces the signing of a commercial alliance with Panda Retail Company (Panda), whereby eXtra will manage the Electronics and Home Appliances Sector in Panda stores

United Electronics Company (eXtra) announces the signing of a commercial alliance with Panda Retail Company (Panda), whereby eXtra will manage the Electronics and Home Appliances Sector in Panda stores

05 December 2023 03:45 PM

EXTRA

4003

-1.12%

79.80

-0.90

Element List

Explanation

Introduction

Reference to United Electronics Company (eXtra) announcement dated 25-01-2023 (03-07-1444H) regarding its strategic understanding with Panda Retail Company (Panda), whereby eXtra will manage the Electronics and Home Appliances Sector in Panda stores, United Electronics Company (eXtra) announces that today, Tuesday, December 5, 2023, a ten-year commercial alliance was signed with Panda Retail Company (Panda), whereby eXtra will manage the Electronics and Home Appliances Sector in Panda stores, under the brand name "Clix". The financial impact of this partnership is expected to begin in the first quarter of 2024

Previous Announcement

United Electronics Company (Extra) announces that it reaches a strategic understanding with Panda Retail Company (“Panda”)

Date of Previous Announcement on Tadawul's Website

2023-01-25 Corresponding to 1444-07-03

Percentage of fulfilled achievement

NA

Event's Expected Completion Date

NA

The costs associated with the event, and if they have changed or not with indication of the reasons.

NA

Additional Information

Both eXtra and Panda are seeking to build a strategic cooperation between both companies over the medium and long term, that supported