| Element List | Explanation |
|---|---|
| Introduction | In addition to the announcement by the United Wire Factories Company of signing a memorandum of understanding on 13 November 2023 with Al-Raeda Industrial Investment Company for the potential acquisition of a share in the ownership of the company upon reaching a final agreement between the two parties, and since the announcement indicates the expiry of the duration of the memorandum after (180) days from the date of signing, subject to extend by agreement of the two parties, the company announces its agreement with Al-Raeda Industrial Investment Company to extend the memorandum according to an annex to the memorandum of understanding for a period of (180) days, which can be extended according to a written agreement between the two parties. |
| Previous Announcement | United Wire Factories Co. announces signing a Memorandum of Understanding with ALRAEDA INDUSTRIAL INVESTMENT Co. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2023-11-14 Corresponding to 1445-04-30 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | extend the memorandum according to an annex to the memorandum of understanding for a period of (180) days, which can be extended according to a written agreement between the two parties. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
| Additional Information | This potential deal comes as a strategic direction for United Wire Factories Company, which aims to diversify its sources of income and maximize its profitability through diversified investments, and any fundamental developments will be announced later |
Related Posts
United Wire Factories Co. Announces an update on United Wire Factories Co. announces signing a Memorandum of Understanding with ALRAEDA INDUSTRIAL INVESTMENT Co.
Element ListExplanation Introduction In addition to the announcement by the United Wire Factories Company of signing... read more
United Wire Factories Co. announces its Interim Financial results for the Period Ending on 2025-06-30 ( Six Months )
Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 181.4174.14.192164.810.072 Gross Profit (Loss) 11.814.6-19.17810.512.38 Operational Profit (Loss)... read more
United Wire Factories Co. announces its Interim Financial results for the Period Ending on 2025-03-31 ( Three Months )
Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 164.8187.2-11.965179.9-8.393 Gross Profit (Loss) 10.515.9-33.96213.8-23.913 Operational Profit (Loss)... 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
An addendum announcement from the United Wire Factories Company regarding its previous announcement inviting its shareholders to attend the 16th Extraordinary General Assembly Meeting (the first meeting)
Element ListExplanation Introduction A reference to the company's announcement containing the invitation to attend the sixteenth... read more
United Wire Factories Co. announces the CMA’s approval on the Capital Reduction request of the Company
Element ListExplanation ... read more
United Wire Factories Co. announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )
... read more
United Wire Factories Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )
Element List
Explanation
Introduction
United Wire Factories company Board of Directors is pleased to announce the results of the14th Ordinary General... read more
United Wire Factories Co. Announces the end of the creditors’ objection period.
Element ListExplanationAnnouncement Detail Concerning the announcement of United Wire Factories Co. On Thursday, 18 May 2023, published... read more
United Wire Factories Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting – Reminder Announcement
Element ListExplanation Introduction The Board of Directors of the United Wire Factories Company is pleased to... read more
