United Electronics Company

Detailed Description

United Electronics Company, together with its subsidiaries, engages in the wholesale and retail operations in the Kingdom of Saudi Arabia and internationally. The company operates in two segments, Retail/Whole Sales and Consumer Finance. It is involved in the wholesale and retail trade of electric appliances, electronic gadgets, computers and spare parts and accessories, furniture, medical supplies, and office equipment and tools, as well as offers installation, maintenance, repair, and warranty services. The company also establishes restaurants; and offers third-party marketing services, as well as drones. In addition, it sells video and audio media materials; imports and exports computer software and hardware; imports and exports electronic games; provides maintenance services for electric devices; and develops and manages personal properties. Further, the company is involved in the retail trading of non-customized software, household appliances, toys, games, satellites, and phones. Additionally, it engages in the wholesale trading of spare parts in electrical and digital devices, photocopy and fax machines, telephones, cell phones, video and electric games, digital pocket assistants, printers, and computer-related devices, as well as consumer finance business under the Tasheel brand name. As of August 31, 2021, the company operated 47 eXtra stores in Saudi Arabia and 52 in GCC countries. United Electronics Company was founded in 2002 and is headquartered in Al Khobar, the Kingdom of Saudi Arabia.

Financials