Saudi Arabia-based United Electronics Co., known as Extra, will proceed with the listing of a 30% stake in its financial services unit on the Saudi main market.

United Electronics, a Saudi Arabian company known as Extra, is moving ahead with the listing of a 30% interest in its financial services unit on the country’s main market. The unit is called United International Holding and is the parent of Tasheel Finance,

Saudi Arabia's United International Holding, the financial unit of retailer United Electronics, known as Extra, will proceed with its initial public offering amid momentum in the kingdom's stock market.

The action came after the channel aired a report describing a number of leaders of Iranian backed armed groups as terrorists.

Supporters of pro-Iran armed groups in Iraq ransacked offices affiliated with a Saudi TV channel in Baghdad early Saturday, two security sources said, after the broadcaster aired a report referring to commanders of Tehran-backed militant groups as "terrorists.

Supporters of Iran-backed groups ransacked the Baghdad office of Saudi broadcaster MBC early on Saturday, a security source told The National, over a report that referred to commanders of Tehran-aligned militias as “terrorists”.