United Electronics Company (eXtra) announces the results of the buyback of its shares (First Phase)

Element List	Explanation
Introduction	United Electronics Company (eXtra) announces that it has completed the buy-back of the intended number of its shares in order to keep them as treasury shares and to be added to the current approved employees shares program (Long-Term Incentive Program), where a number of 81,784 shares was purchased.

It is noteworthy, that the approval for the buyback of the Company’s shares was obtained in the extraordinary General Assembly Meeting held on 5 May 2020.

Accordingly, the Company confirms that it has completed the required shares buy-back on one Phase Date of Posting the Approval of the General Assembly on the Purchase on Tadawul's Website 2020-05-06 Corresponding to 1441-09-13 Purchase Period Within a maximum period of twelve (12) months from the date of extraordinary General Assembly resolution Number of the Purchased Shares 81784 Value of the Purchased Shares 7,999,966.12 SR Average Purchase Price Per Share 97.67 SR

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