16Jan
01Jan
Announcement Details United Wire Factories Company Announces the Execution of a Non-Binding Agreement in connection with the Acquisition of forty percent (40.0%) of Issued Shares in Al Raeda Industrial Investment Company, in return for Issuing New Shares for the Selling Shareholders of Al Raeda Industrial Investment Company in United Wire Factories Company
Element ListExplanation Introduction With reference to United Wire Factories Company's ("ASLAK" or the "Company") announcement dated 30/04/1445H (corresponding to 14/11/2023G) in relation to signing a non-binding memorandum of understanding ("MOU") with Al Raeda Industrial Investment Company (the “Target Company” or "AL...
08Dec
United Wire Factories Co. announces the opening of the nomination period for the board of director’s membership
Element List Explanation Introduction United Wire Factories Co. (Aslak) is pleased to announce that it has open the nomination for Board Membership for the next term which will start on 10th of April 2025 and end on 9th of April 2029. The nomination for the Board Membership...
13Nov
United Wire Factories Co. Announces an update on United Wire Factories Co. announces signing a Memorandum of Understanding with ALRAEDA INDUSTRIAL INVESTMENT Co.
Element ListExplanation 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...
03Nov
United Wire Factories Co. announces the board of director’s decision to distribute cash dividends for the 4th quarter 2023 and for the period 9 months 2024
Element ListExplanation Introduction United Wire Factories Company ASLAK announces the decision of the Board of Directors to distribute cash dividends to shareholders for the 4th Quarter of the year 2023 AD and for the period 9 months until the end of...
03Nov
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) 5.84.238.0955.47.407 Net profit (Loss) 42.281.8184.2-4.761 Total Comprehensive Income 42.281.8184.2-4.761 All figures are in (Millions) Saudi Arabia, Riyals Element ListCurrent PeriodSimilar period for...
12Aug
Aslak aligns factory operations with demand: CEO
United Wire Factories Co. (Aslak) is operating factories at high rates to balance low demand and maintain economic efficiency to ensure positive operating margins, CEO Nabil Al-Amir told Argaam. This includes production lines for certain construction sector products, he added. The company reduced its focus on the...
08Aug
Announcement Details United Wire Factories Co. announces its Interim Financial results for the Period Ending on 2024-06-30 ( Six Months )
Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 174.1200.2-13.036187.2-6.997 Gross Profit (Loss) 14.617.3-15.60615.9-8.176 Operational Profit (Loss) 5.47.5-27.9997.8-30.769 Net profit (Loss) 4.25.5-23.6366.1-31.147 Total Comprehensive Income 4.25.5-23.6366.1-31.147 All figures are in (Millions) Saudi Arabia, Riyals Element ListCurrent PeriodSimilar period for...
16May
United Wire Factories Co. announces its Interim Financial results for the Period Ending on 2024-03-31 (Three Months)
Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 187.2227.2-17.605182.52.575 Gross Profit (Loss) 15.916.4-3.04816-0.624 Operational Profit (Loss) 7.86308.6-9.302 Net profit (Loss) 6.14.535.5558.3-26.506 Total Comprehensive Income 6.14.535.5558.6-29.069 All figures are in (Millions) Saudi Arabia, Riyals Element ListCurrent PeriodSimilar period for...
13May
