| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement of United Wire Factories Company (“Aslak”) published on the Saudi Exchange (Tadawul) website on 12/07/1447H (corresponding to 01/01/2026G) regarding 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”) in consideration for the issuance of new shares (consideration shares) to the Selling Shareholders in Aslak (the “Acquisition Transaction”), Aslak is pleased to announce to its shareholders that the General Authority for Competition (GAC) has issued its non-objection certificate in relation to the Acquisition Transaction pursuant to GAC Certificate No. 3832 dated 11/09/1447H )corresponding to 28/02/2026G(.
Aslak would like to clarify that the completion of the Acquisition Transaction is subject to obtaining regulatory approvals including approval of the Capital Market Authority in relation to the capital increase through the Acquisition Transaction and the publication of the shareholders’ circular, approval of the Saudi Exchange (Tadawul) for the listing of the new shares resulting from the capital increase, approval of the Extraordinary General Assembly of Aslak in accordance with the Companies Law and the Rules on the Offer of Securities and Continuing Obligations, and any other approvals required or deemed necessary in connection with the Acquisition Transaction. |
| Previous Announcement | 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. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2026-01-01 Corresponding to 1447-07-12 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Issuance of a Non-Objection Certificate by GAC in respect of completing the economic concentration resulting from the Acquisition Transaction. |
| 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 | Aslak will continue to announce any material developments with respect to the progress of the Acquisition Transaction in due course. |
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