| Element List | Explanation |
|---|---|
| Introduction | Further to the announcement of the United Wire Factories Company (the “Company”) on March 8, 2023, regarding the issuance of a no-objection by the General Authority for Competition regarding the economic concentration process and working to complete the regulatory approvals and fulfill the terms of the share purchase agreement signed with DMCC Company (UAE) to acquire a percentage 30% of the capital of A-1 Fence Arab Industrial Company; The company is pleased to announce to its esteemed shareholders the completion of the acquisition deal and the transfer of the acquired shares to the company as of October 2, 2023, for an amount of (281,400) (two hundred and eighty-one thousand and four hundred Saudi riyals). |
| 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 | 2023-03-08 Corresponding to 1444-08-16 |
| Percentage of fulfilled achievement | 100% |
| Event’s Expected Completion Date | not applicable |
| Reasons for Exceeding the Announced End Date | The end date of the event has been extended to fulfill all the conditions of the share purchase agreement with the relevant regulatory authorities |
| 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. Board of Directors invites its shareholders to attend the Ordinary General Assembly Meeting (first meeting and the second Meeting after one hour from the first meeting)
Element List
Explanation
Introduction
The Board of Directors of United Wire Factories Co. (Aslak) is pleased to invite the valued shareholders... read more
United Wire Factories Co. announces its Interim Financial Results for the Period Ending on 2022-06-30 ( 6 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
ASLAK CEO says no conflict between capital cut, expansions
Nabil Alamir, CEO of United Wires Factories Co. (Aslak), said the planned capital cut does not reflect contraction, stressing that... read more
United Wire Factories Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)
Element ListExplanation Introduction United Wire Factories Co. Board of Directors is pleased to announce the results... read more
United Wire Factories Co. announces its Estimated Interim Financial Results for the Period Ending on 2022/03/31 ( Three Months )
Element ListCurrent QuarterSimilar quarter for previous year% ChangePrevious Quarter% ChangeSales/Revenue 298.8226.631.862291.32.574 Gross Profit (Loss) 3828.135.23119.594.871 Operational Profit... read more
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)
Element ListExplanation Introduction Further to the announcement by the United Wire Factories Co. of signing a... read more
United Wire Factories Co. announces the distribution of cash dividend for For the period ended 2020 AD and the second half of the year 2021 AD
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 2021-03-31 ( Three Months )
Element List
Current Quarter
Similar quarter for previous year
%Change
Previous Quarter
% Change
Sales/Revenue
226.6
220.4
2.813
202.8
11.735
Gross Profit (Loss)
28.1
33.5
-16.119
29.8
-5.704
Operational Profit (Loss)
18.6
17.3
7.514
19.2
-3.124
Net Profit... read more
United Wire Factories Co. Announces Calling Candidature for Board Members Elections for the 5th session
Element ListExplanationIntroductionUnited Wire Factories Co (Aslak) Announces Calling Candidature for Board Members Elections for the next (fifth) session and for... read more
ASLAK CEO: Ramped up operating rates to maintain market share
United Wire Factories Co. (Aslak) decided to boost operating rates in 2025 to maintain its market share and absorb fixed... read more
