| 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 Appointment of a Financial Advisor for Capital Decrease
Element ListExplanationIntroduction Further to the company's announcement published on the Tadawul website on 04/09/1444 corresponding to 11/03/2022 regarding the... read more
United Wire Factories Co. Announces Board’s Recommendation to Decrease the Company’s Capital
Element ListExplanation Introduction United Wire Factories Co. Announces Board's Recommendation to Decrease the Company's Capital ... 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 Company announces the starting date of electronic voting on the 15th Ordinary General Assembly Meeting agenda (First Meeting) through means of modern technology
Element ListExplanationAnnouncement Detail United Wire Factories Company is pleased to announce to its valued shareholders the start date... read more
United Wire Factories Co. announces signing a Memorandum of Understanding with A-1 Fence DMCC (UAE)
Element ListExplanation Introduction United Wire Factories Co. Announces the signing of a (non-binding) Memorandum of Understanding... read more
United Wire Factories Co. Announces the Deposit Date of Sums Resulting from Selling Fractional Stocks Following Decrease of the Company’s Capital in the Accounts of Eligible Shareholders
... read more
Addendum Announcement from United Wire Factories Co. in regards to extending the nomination period for Board of Directors membership for the upcoming term
Element List
Explanation
Introduction
reference to the United Wire Factories Company (Aslak) announcement dated 08-12-2024G corresponding to 07-06-1446H regarding the opening... read more
United Wire Factories Company announces the starting date of electronic voting on the 17th Extraordinary General Assembly meeting agenda (First Meeting) through means of modern technology
Element ListExplanationAnnouncement Detail United Wire Factories Company is pleased to announce to its esteemed shareholders the date of... read more
CEO of the Saudi Wire Union Company to CNBC Arabia: The company’s available infrastructure allows an increase in production capacity 30%
The CEO of the Saudi Wire Union, Nabil Al-Amir, said in an interview with CNBC Arabia that the results of... 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
