| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement of United Wire Factories Co. (Aslak) on Tadawul dated 30-06-1446H corresponding to 31-12-2024D, related to the announcement of Aslak that it had signed a non-binding memorandum of understanding with Al Raeda Industrial Investment Company.
Aslak would like to announce the appointment of Alkhair Capital as its financial advisor in the Contemplated acquisition with Al Raeda Industrial Investment Company. |
| Previous Announcement | Aslak announces the signed a non-binding memorandum of understanding (40.0%) of the shares of Al Raeda Industrial Investment Company through the issuance of new shares to the shareholders of Al Raeda Industrial Investment Company in Aslak |
| Date of Previous Announcement on Saudi Exchange’s Website | 2024-12-31 Corresponding to 1446-06-30 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Appointment of Alkhair Capital as its financial advisor in the Contemplated acquisition with Al Raeda Industrial Investment Company |
| Reasons For The Delay on The Date of The Event Previously Announced | N/A |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
| Delay consequences on the Company’s financial results | N/A |
| Additional Information | For any future developments in this regard, Aslak will announce them at due time |
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