| Element List | Explanation |
|---|---|
| Introduction | Further to the announcement by the United Wire Factories Co. of signing a (non-binding) Memorandum of Understanding on February 20, 2022 AD with A-1 Fence DMCC (UAE) for the possible acquisition of a stake in the ownership of A -1 Fence Arabia Company for Industry (a foreign limited company), which is wholly owned by the Company A-1 Fence DMCC (UAE) upon reaching a final agreement between the two parties, and since the announcement states that the term of the memorandum expires after (90) days from the date of signing, subject to extension by agreement of the two parties, the company announces its agreement with A-1 Fence DMCC (UAE) to extend the memorandum according to an annex to the memorandum of understanding for a period of (90) ninety days, subject to extension according to a written agreement between the two parties. |
| Previous Announcement | United Wire Factories Co. announces signing a Memorandum of Understanding with A-1 Fence DMCC (UAE) |
| Date of Previous Announcement on Tadawul’s Website | 2022-02-21 Corresponding to 1443-07-20 |
| Percentage of fulfilled achievement | not applicable |
| Event’s Expected Completion Date | not applicable |
| Reasons for Exceeding the Announced End Date | not applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | not applicable |
| Impact of the Delay on the Company’s Financial Results | not applicable |
| Additional Information | not applicable |
Related Posts
United Wire Factories Co. announces the CMA’s approval on the Capital Reduction request of the Company
Element ListExplanation ... read more
The CEO of the Saudi Wire Union, Nabil Al-Amir, told CNBC Arabia: The increase in profits for the first half of 2022 is due to the growth in sales volumes and high profit margins
https://www.cnbcarabia.com/videos_pickup/aslak_video.mp4
In an interview with CNBC Arabia, CEO of the Saudi Wire Union, Nabil Al-Amir, indicated that the reasons behind the... 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 Company announces the latest developments regarding its previous announcement of signing a memorandum of understanding with A-1 Fence DMCC (UAE) to acquire a share in the ownership of A-1 FENCE Arabian Industrial Company, which is wholly owned by A-1 FENCE DMCC (UAE)
Element List
Explanation
Introduction
Further to the announcement of the United Wire Factories Company (the “Company”) on March 8, 2023, regarding... read more
United Wire Factories Co. Announces the Date of Depositing the Compensation Amounts for the Written-off Shares Resulted from the Reduction of the Company’s Capital (that Exceeds the Company’s Need)
... read more
Stable raw material prices lifted Q4 results; higher demand seen post-Ramadan: Aslak CEO
The fourth quarter of 2023 witnessed stable raw material prices, which eased the pressure on sales margins and thus improved... read more
A corrective announcement from the United Wire Factories Company regarding its announcement of the start date of electronic voting on the items of the Extraordinary General Assembly Meeting (Sixteenth) that include reducing the company’s capital (first meeting) through modern technology
Element ListExplanation Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul's Website 2023-07-27... read more
CEO of Saudi Wire Union Company to CNBC Arabia: The increase in value added boosted the company’s sales and increased profit margins
The CEO of the Saudi Wire Union, Nabil Al-Amir, told CNBC Arabia that the VAT increase last year resulted in... read more
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 Annual Estimated Financial Results for the Period Ending on 2019-12-31
ELEMENT LIST
CURRENT YEAR
PREVIOUS YEAR
%CHANGE
Sales/Revenue
724.4
535
35.401
Gross Profit (Loss)
61.6
46.1
33.622
Operational Profit (Loss)
32.4
17
90.588
Net Profit (Loss) after Zakat and Tax
22.1
7.1
211.267
Total Comprehensive Income
23.2
7.6
205.263
Total Share Holders Equity (after... read more
