| Element List | Explanation |
|---|---|
| Announcement Detail | Reference to the decisions of the government of the Kingdom of Saudi Arabia regarding completion of preventive and precautionary measures, that has been recommended by the specialized health authorities in terms of controlling Coronavirus (COVID-19) outbreak, which aimed to protect kingdoms' population, which dictates temporary closure of all shopping malls across the kingdom. United Electronics Company (eXtra) announces that the company have only 5 stores located in a malls out of 45 stores across kingdom. |
In the Absence of any details regarding the temporary closing periods of the stores, it is difficult for the company to determine the financial impact of that released decisions issued by the relevant authorities, the company's management will closely monitor all developments in this regard and shall announce any material developments in the future if needed.
It is worth noting that the company’s management had previously activated the precautionary business continuity plan, that includes all the company’s branches and functions to ensure the highest standards of protection for its employees and customers, and to ensure business continuity and provide the same level of customer service within emergencies and crisis situations, in order to protect the company's assets and assess the risks of business disruptions and effectively containment & act with it.
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