United Electronics Company Stocks

United Electronics Company (UEC), founded in 2002 and based in Al Khobar, Kingdom of Saudi Arabia, is a multifaceted enterprise engaged in both wholesale and retail activities across Saudi Arabia and internationally. The company operates through two primary divisions: its Retail/Wholesale Sales segment and its Consumer Finance business. Within its extensive retail and wholesale portfolio, UEC distributes a broad spectrum of items including electrical appliances, electronic devices, computers with their parts and accessories, furniture, medical supplies, and office equipment. The company also provides crucial support services such as installation, maintenance, repair, and warranty programs. Beyond its core offerings, UEC's operations extend to establishing and managing restaurants, providing third-party marketing solutions, and trading in drones. It also handles the sale of video and audio media materials, the import and export of computer software and hardware, and electronic games. Furthermore, the company is involved in maintaining electric devices and developing and managing personal properties. Specifically, UEC's retail arm features non-customized software, household appliances, toys, games, satellites, and mobile phones. Its wholesale operations encompass spare parts for a diverse range of electrical and digital equipment, including photocopiers, fax machines, telephones, cell phones, video and electric games, digital pocket assistants, printers, and various computer-related devices. A notable component of UEC's business is its consumer finance services, offered under the 'Tasheel' brand. As of April 25, 2022, United Electronics Company maintained a significant retail presence, with 48 eXtra stores operating in Saudi Arabia and an additional 53 stores located throughout the GCC countries.