RIYADH: United Electronics Co., also known as eXtra, has received approval from the Capital Market Authority to increase its capital by 33 percent in support of the firm’s financial position. The electronics goods supplier will raise its capital to SR800 million ($213 million) from the current SR600 million through the issuance of bonus shares, according to a bourse filing. The plan entails raising the number of eXtra’s shares to 80 million from 60 million, granting seven bonus shares for every 25 shares held. A total of 16.8 million shares will be distributed as bonus shares, while 3.2 million shares will be added to the company’s employee shares program.