| 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. announces the board of director’s decision to distribute cash dividends for From the profit balance up to the end of the 4th quarter of 2024 and the nine-month period of 2025
Element ListExplanation Introduction United Wire Factories Company ASLAK announces the decision of the Board of Directors... 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 the Results of the Ordinary General Assembly Meeting (First Meeting)
Element List
Explanation
Introduction
United Wire Factories Co. Board of Directors is pleased to announce the results of the Ordinary General... read more
United Wire Factories Co. announces its Interim Financial Results for the Period Ending on 30-09-2023 ( Nine Months )
Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 182.9264.1-30.75200.2-8.64 Gross Profit (Loss) 14.515.6-7.0517.2-15.7 Operational Profit (Loss)... read more
United Wire Factories Co. announces its Annual Financial Results for the Period Ending on 2022-12-31
Element ListCurrent YearPrevious Year%ChangeSales/Revenue 1,026.4921.311.41 Gross Profit (Loss) 107.385.625.35 Operational Profit (Loss) 67.256.419.15 Net Profit (Loss)... 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 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 (Loss)... read more
Addendum Announcement from United Wire Factories Co. in regards to extension of the candidacy period for membership of the Board of Directors for the 5th session
Element ListExplanation Introduction Further to United Wire Factories Co announcement dated 06-12-2021 corresponding to 02-05-1443H regarding... read more
United Wire Factories Co. Announces to its Shareholders the Starting Date of the Electronic Voting on the Agenda of the Ordinary General Assembly Meeting (first meeting and the second Meeting after one hour from the first meeting)
Element ListExplanationAnnouncement Detail Reference to the announcement of United Wire Factories Co. (Aslak) on the Saudi Exchange (Tadawul)... read more
Stable raw material prices lifted Q4 results; higher demand seen post-Ramadan: Aslak CEO
The fourth quarter of 2023 witnessed stable raw material prices, which eased the pressure on sales margins and thus improved... read more
