| 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 signing a Memorandum of Understanding with Themar for Food and Catering Company (Limited Liability Company)
Element ListExplanation Introduction United Wire Factories Company announces the signing of a (non-binding) Memorandum of Understanding with Themar... read more
United Wire Factories Co. announces its Interim Financial results for the Period Ending on 2024-09-30 ( Nine Months )
Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 166182.9-9.24174.1-4.652 Gross Profit (Loss) 13.514.6-7.53414.6-7.534 Operational Profit (Loss)... read more
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 Company (ASLAK) announces the signing of a share purchase agreement for the purpose of acquiring forty percent (40%) of the share capital of Al Raeda Industrial Investment Company (Al Raeda), by way of an increase in ASLAK’s capital through the issuance of new shares (consideration shares) to the Selling Shareholders of Al Raeda (the “Acquisition Transaction”)
Element List
Explanation
Introduction
With reference to the announcement of United Wire Factories Company (“Aslak”) published on the Saudi Exchange (Tadawul) website on... read more
Aslak’s profit margins boosted by efficient raw materials procurement: CEO
United Wire Factories Co. (Aslak) was highly-selective in managing the process of raw materials procurement to seize good opportunities, which... read more
United Wire Factories Co. announces its estimated Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months )
Element List
Current Quarter
Similar quarter for previous year
%Change
Previous Quarter
% Change
Sales/Revenue
217.7
194.3
12.043
226.6
-3.927
Gross Profit (Loss)
21.2
22.1
-4.072
28.1
-24.555
Operational Profit (Loss)
16.7
14.6
14.383
18.6
-10.215
Net Profit... read more
The Capital Market Authority Approves United Wire Factories Company’s Request to Reduce its Capital
The CMA has issued its resolution approving United Wire Factories Company's request to reduce its capital from SAR (438,750,000) to... read more
United Wire Factories Co. announces the results of the Sixteenth Extraordinary General Assembly Meeting, which included the approval of reducing the company’s capital (first meeting)
Element ListExplanation Introduction United Wire Factories Co. announces the results of the Extraordinary Sixteenth Extraordinary General... 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 an update on Announcement of Aslak of signing of a share purchase agreement for the purpose of acquiring forty percent (40%) of the share capital of Al Raeda Industrial Investment Company.
Element ListExplanation Introduction With reference to the announcement of United Wire Factories Company (“Aslak”) published on... read more
