United Company for Financial Services announced that it will receive SAR 200,000,000 in an equity round of funding on August 17, 2020. The transaction will involve participation from returning investor United Electronics Company (SASE:4003). Post completion of the transaction, the capital of the company will increase from SAR 100,000,000 to SAR 350,000,000. The transaction has obtained approval from Saudi Arabian Monetary Authority to complete regulatory procedures.