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01-Feb-2016

eXtra announces the resignation of Ohali as CEO

United Electronics Company (eXtra) [4003.SE] announced that its Chief Executive Officer (CEO), Abdul Hamid Abdul Aziz Mohammed Ohali resigned on 31 January 2016  for personal reasons.  The board appointed Mohamed Galal Ali Fahmy as CEO, which will take effect on 10 March 2016, Al Ohali’s last day in office. Fahmi, who holds a BA in Accounting, has previously served as the company’s Director General and CEO from 2004 to 2013. (Tadawul),   eXtra: SAR26.58 as of 31 January 2016, Rating: Neutral, FV: SAR49.00 per share, MCap: USD255 million, EXTRA AB / 4003.SE

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