| Element List | Explanation |
|---|---|
| Introduction | Further to the announcement of the United Wire Factories Company (the “Company”) on October 30, 2022 of the completion of the work to obtain regulatory approvals and the completion of the terms of the share purchase agreement signed with A One Fence DMCC (UAE) to acquire 30% of the capital of A Company One Fence Arabia for Industry; The company is pleased to announce the issuance of the General Authority for Competition’s non-objection to the economic concentration process, and thus the company will work to complete the agreement by paying its share in the capital of A One Fence DMCC in the amount of (281,400) (two hundred and eighty one thousand and four hundred Saudi riyals) during the quarter the second for 2023 |
| Previous Announcement | The United Wire Factories Co. announces the latest developments regarding its previous announcement of signing a memorandum of understanding with A-1 Fence DMCC (UAE) for the possible acquisition of a stake in the ownership of A-1 Fence Arabia Company for Industry (a foreign limited company) wholly owned by A-1 Fence DMCC (UAE) |
| Date of Previous Announcement on Tadawul’s Website | 2022-10-30 Corresponding to 1444-04-05 |
| Percentage of fulfilled achievement | Work is underway to complete the legal procedures |
| Event’s Expected Completion Date | The second quarter of 2023 |
| Reasons for Exceeding the Announced End Date | not applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | not applicable |
| Impact of the Delay on the Company’s Financial Results | not applicable |
| Additional Information | There are no related parties regarding the agreement mentioned in the announce |
Related Posts
United Wire Factories Co. Announces the Date of Depositing the Compensation Amounts for the Written-off Shares Resulted from the Reduction of the Company’s Capital (that Exceeds the Company’s Need)
... read more
United Wire Factories Co. Announces an update on Aslak announces the signed a non-binding memorandum of understanding (40.0%) of the shares of Al Raeda Industrial Investment Company through the issuance of new shares to the shareholders of Al Raeda Industrial Investment Company in Aslak
Element ListExplanation Introduction With reference to the announcement of United Wire Factories Co. (Aslak) on Tadawul... read more
United Wire Factories Co. Invites Its Shareholders to Attend the Extraordinary General Assembly Meeting the Sixteenth (First Meeting) Through Means of Modern Technology
... read more
United Wire Factories Co. Announces an update on United Wire Factories Co. announces signing a Memorandum of Understanding with Themar for Food and Catering Company
Element ListExplanation Introduction Further to the announcement of the United Wire Factories Co. on October 21,... read more
United Wire Factories Co. announces the distribution of cash dividend for For the 1st half of the year 2022 AD
Element ListExplanation Introduction United Wire Factories Company (Aslak) announces the decision of the Board of Directors... read more
United Wire Factories Co. announces the board of director’s decision to distribute cash dividends for the 4th quarter 2023 and for the period 9 months 2024
Element ListExplanation Introduction United Wire Factories Company ASLAK announces the decision of the Board of Directors... read more
United Wire Factories Co. announces its Interim Financial Results for the Period Ending on 2023-03-31 ( Three Months )
... read more
United Wire Factories Co. announces its Annual Financial Results for the Period Ending on 2021-12-31
Element ListCurrent YearPrevious Year%ChangeSales/Revenue 921.3777.718.464 Gross Profit (Loss) 85.6113.9-24.846 Operational Profit (Loss) 56.472.3-21.991 Net Profit (Loss)... read more
United Wire Factories Co. announces its Estimated Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )
Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 208.3217.7-4.32298.8-30.29 Gross Profit (Loss) 29.121.237.2638-23.42 Operational Profit (Loss)... read more
United Wire Factories Company (ASLAK) Invites Its Shareholders To Attend the 14th Ordinary General Assembly Meeting (The First Meeting)
Element ListExplanation Introduction The Board of Directors of Union Wire Factories Company is pleased to invite... read more
