The company will give updates later on a new CEO, it said.
United International started trading on the Saudi stock exchange on Dec 3 after its parent United Electronics, known as Extra, raised 990 million riyals ($353.57 million) by selling a 30% stake in the firm.
The listing marked the latest private sector IPO in the Middle East, following fresh on the heels of those including Delivery Hero’s Talabat and hypermarket operator Lulu Retail Holdings.
Shares of United International have jumped about 27% since their debut to 167.20 riyals. The IPO was heavily oversubscribed.
