The board meeting was held on Feb. 12.

The dividends will be distributed to shareholders registered in eXtra’s books at the end of the trading day of the shareholders general assembly, which will be announced at a later date upon getting the approval from related regulatory authorities.

“We are delighted to share last year’s success with our investors and we look forward to greater success as we continue to grow in the Saudi market as well as on a regional level,” said Abdullah A. Al-Fozan, chairman, United Electronics Company (eXtra).

Currently, eXtra provides the over 10 million customers it serves annually with more than 12,000 products across its 24 stores in Saudi Arabia.

In addition, eXtra recently introduced its online shopping portal (extra.com), the first fully-fledged electronics and home appliance website of its kind in the Kingdom.

In both 2010 and 2011, eXtra was cited by the Saudi Arabian General Investment Authority (SAGIA) as one of the Kingdom’s fastest-growing companies.

In addition, eXtra was recently named, for the second consecutive year, as one of the top 50 brands in the Kingdom in recognition of its exceptional growth and sustained commercial success.

In 2010, eXtra was also announced as the Best Working Environment in Saudi Arabia by a leading economic newspaper.