عاصم البحيران, Author at United Wire Factories Company https://unitedwires.com.sa/en/author/asbuhairanunitedwires-com-sa/ Sun, 02 Feb 2025 06:23:52 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.5 https://unitedwires.com.sa/wp-content/uploads/2019/11/cropped-small-32x32.png عاصم البحيران, Author at United Wire Factories Company https://unitedwires.com.sa/en/author/asbuhairanunitedwires-com-sa/ 32 32 United Wire Factories Co. Announces an update on 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 https://unitedwires.com.sa/en/united-wire-factories-co-announces-an-update-on-aslak-announces-the-signed-a-non-binding-memorandum-of-understanding-40-0-of-the-shares-of-al-raeda-industrial-investment-company-through-the-issuanc/?utm_source=rss&utm_medium=rss&utm_campaign=united-wire-factories-co-announces-an-update-on-aslak-announces-the-signed-a-non-binding-memorandum-of-understanding-40-0-of-the-shares-of-al-raeda-industrial-investment-company-through-the-issuanc Sun, 26 Jan 2025 13:00:10 +0000 https://unitedwires.com.sa/?p=18984 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 […]

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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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]]> Addendum Announcement from United Wire Factories Co. in regards to extending the nomination period for Board of Directors membership for the upcoming term https://unitedwires.com.sa/en/addendum-announcement-from-united-wire-factories-co-in-regards-to-extending-the-nomination-period-for-board-of-directors-membership-for-the-upcoming-term/?utm_source=rss&utm_medium=rss&utm_campaign=addendum-announcement-from-united-wire-factories-co-in-regards-to-extending-the-nomination-period-for-board-of-directors-membership-for-the-upcoming-term Thu, 16 Jan 2025 05:30:06 +0000 https://unitedwires.com.sa/?p=18909 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 of the nomination period for membership on the Board of Directors for the next term. Aslak announces an extension of the nomination period until Saturday 09 Shaaban 1446H corresponding to 08 February 2025G. Those […]

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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 of the nomination period for membership on the Board of Directors for the next term.

Aslak announces an extension of the nomination period until Saturday 09 Shaaban 1446H corresponding to 08 February 2025G.

Those who wish to nominate themselves for the Board of Directors membership must submit the applications in accordance with the previously announced requirements.
Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website 2024-12-08 Corresponding to 1446-06-07
Hyperlink to the Previous Announcement Click Here
Change on the Development Extending the nomination period for membership of the Board of Directors for the next term until Saturday 09 Shaaban 1446H corresponding to 08 February 2024G.
Financial Impact on the change Non
Additional Information Non

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]]> 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 https://unitedwires.com.sa/en/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-industria/?utm_source=rss&utm_medium=rss&utm_campaign=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-industria Wed, 01 Jan 2025 05:25:13 +0000 https://unitedwires.com.sa/?p=18834 Element List Explanation 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 RAEDA”), and ASLAK is pleased to announce the execution of a Non-Binding Agreement […]

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Element List Explanation
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 RAEDA”), and ASLAK is pleased to announce the execution of a Non-Binding Agreement (the “Non-Binding Agreement”) to acquire forty percent (40.0%) of issued shares in AL RAEDA in return for issuing new shares for the selling shareholders of AL RAEDA in ASLAK (the “Contemplated Transaction”) in connection with the Proposed Transaction. On this basis, both ASLAK and AL RAEDA have agreed to proceed with the relevant due diligence in relation to the Contemplated Transaction.

Subject to the final valuation of AL RAEDA and the results of the relevant due diligence exercise, ASLAK and AL RAEDA will agree on the exchange ratio (the “Exchange Ratio”), where Exchange Ratio is defined as the newly issued shares in ASLAK that will be received by the selling shareholders of AL RAEDA for every sale share they own in AL RAEDA.

In the context of the Exchange Ratio, the valuation of ASLAK shares for the purpose of the Contemplated Transaction was fixed at SAR [29.7] per share, which was calculated based on the daily volume-weighted average price (VWAP) for the last sixty (60) trading days (Last Sixty – Trading Days) from the execution date of the Non-Binding Agreement.
Date of signing the Memorandum of Understanding 2024-12-31 Corresponding to 1446-06-30
Memorandum Duration Six (6) months from the execution date of the Non-Binding Agreement, to be mutually extended by both Parties for an agreed new period.
Name of the Counterparty Al Raeda Industrial Investment Company, a Saudi closed joint stock company
Name of Financial Advisor of Each Party No financial advisor has been appointed at this stage. ASLAK will later announce any developments about the appointment of its financial advisor.
Major Terms in the Memorandum Both parties agreed on a number of terms and conditions, including certain business restrictions on AL RAEDA from the execution date of the Non-Binding Agreement, a number of warranties and indemnities, the manner of completing the Contemplated Transaction, in addition to other usual terms and conditions.
Related Parties The Contemplated Transaction does not involve related parties. AL RAEDA is not a related party to ASLAK.
Actions to be Taken by the Company during the Memorandum’s Duration ASLAK intends to conclude the due diligence process and sign the definitive agreements in connection with the Contemplated Transaction, if both parties agree to its final terms, as soon as practicable.
Approvals The Transaction is subject to the approval of the relevant regulatory authorities, the approval of the extraordinary general assembly of Aslak to increase the capital for the purpose of acquisition, and the approval of the ordinary general assembly of Alraeda on the Transaction, as follows:

1. The approval of the Capital Market Authority in relation to Aslak’s capital increase application.

2. The approval of the Saudi Exchange to list the consideration shares.

3. The non-objection of the General Authority for Competition on the Transaction.

4. The approval of the requisite majority of Aslak shareholders on the acquisition resolutions in the Transaction’s extraordinary general assembly.

5. The approval of the requisite majority of Alraeda shareholders on the Transaction at the ordinary general assembly of Alraeda, given that it is a significant transaction under the rules of the Capital Market Authority.

The Transaction is also subject to a number of conditions precedent specified in the Agreement, which include terms related to the contracts and operations of the two target companies and other conditions specified by both parties.
Additional Information After obtaining the approval of the Capital Market Authority, ASLAK will publish a circular to its shareholders that includes more details about the Contemplated Transaction, business disclosures related to AL RAEDA, risk factors and other important details of the Contemplated Transaction, which shareholders should read fully and carefully when published.

ASLAK will also announce any material developments in connection with the Contemplated Transaction in accordance with the applicable laws and regulations.

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]]> United Wire Factories Co. announces the opening of the nomination period for the board of director’s membership https://unitedwires.com.sa/en/united-wire-factories-co-announces-the-opening-of-the-nomination-period-for-the-board-of-directors-membership/?utm_source=rss&utm_medium=rss&utm_campaign=united-wire-factories-co-announces-the-opening-of-the-nomination-period-for-the-board-of-directors-membership Sun, 08 Dec 2024 14:49:45 +0000 https://unitedwires.com.sa/?p=18661 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 for the next term, will be in accordance […]

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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 for the next term, will be in accordance with the provisions of the Companies Regulations issued by the Ministry of Commerce and the Corporate Governance Regulations issued by the Capital Market Authority, in addition to attached Board Membership Policy approved by the Ordinary General Assembly, application must be submitted within the period set out in the announcement. Candidates will be nominated at the next General Assembly Meeting, which will be announced later.
Type of Assembly New Session
Term Start Date 2025-04-10
Term End Date 2029-04-09
Number of members 7
Nomination Start Date 2024-12-08 Corresponding to 1446-06-07
Nomination End Date 2025-01-18 Corresponding to 1446-07-18
Applications Submission Method Candidates should submit their applications, the attachments and the forms referred to hereafter (completed in Arabic and English and signed) to the Company to the attention of the Nomination and Remuneration Committee and Send to investor relations department via email:

(ir.1301@unitedwires.com.sa)
Policy and criteria of nomination Attached
Attachment of the CMA approved resume for the nominees for board memberships in the joint-stock companies listed on the Saudi Exchange  
Attached Documents      

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]]> United Wire Factories Co. Announces an update on United Wire Factories Co. announces signing a Memorandum of Understanding with ALRAEDA INDUSTRIAL INVESTMENT Co. https://unitedwires.com.sa/en/united-wire-factories-co-announces-an-update-on-united-wire-factories-co-announces-signing-a-memorandum-of-understanding-with-alraeda-industrial-investment-co-2/?utm_source=rss&utm_medium=rss&utm_campaign=united-wire-factories-co-announces-an-update-on-united-wire-factories-co-announces-signing-a-memorandum-of-understanding-with-alraeda-industrial-investment-co-2 Wed, 13 Nov 2024 05:15:21 +0000 https://unitedwires.com.sa/?p=18448 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 […]

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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

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]]> 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 https://unitedwires.com.sa/en/united-wire-factories-co-announces-the-board-of-directors-decision-to-distribute-cash-dividends-for-the-4th-quarter-2023-and-for-the-period-9-months-2024/?utm_source=rss&utm_medium=rss&utm_campaign=united-wire-factories-co-announces-the-board-of-directors-decision-to-distribute-cash-dividends-for-the-4th-quarter-2023-and-for-the-period-9-months-2024 Sun, 03 Nov 2024 05:30:00 +0000 https://unitedwires.com.sa/?p=18301 Element List Explanation 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 the third quarter 2024 AD Date of the board’s decision 2024-10-30 Corresponding to […]

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Element List Explanation
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 the third quarter 2024 AD
Date of the board’s decision 2024-10-30 Corresponding to 1446-04-27
The Total amount distributed 21060000 SR
Number of Shares Eligible for Dividends 28080000 Shares
Dividend per share 0.75
Percentage of Dividend to the Share Par Value (%) 7.5
Eligibility date 2024-11-07 Corresponding to 1446-05-05
Distribution Date 2024-11-24 Corresponding to 1446-05-22
The name of other official authorities and the details of their non-refusal to the recommendation or decision Not Applicable
Additional Information The company calls shareholders to update their data and ensure that bank account numbers ( IBAN ) are linked to the trading portfolios to ensure that their profits are deposited without delay , dividends are transferred automatically to the shareholder portfolio without need to contact the company . For iquiries ( Aslak ) : Tel +9660112655556 Ext: 1713

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]]> United Wire Factories Co. announces its Interim Financial results for the Period Ending on 2024-09-30 ( Nine Months ) https://unitedwires.com.sa/en/united-wire-factories-co-announces-its-interim-financial-results-for-the-period-ending-on-2024-09-30-nine-months/?utm_source=rss&utm_medium=rss&utm_campaign=united-wire-factories-co-announces-its-interim-financial-results-for-the-period-ending-on-2024-09-30-nine-months Sun, 03 Nov 2024 05:00:41 +0000 https://unitedwires.com.sa/?p=18294 Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change Sales/Revenue 166 182.9 -9.24 174.1 -4.652 Gross Profit (Loss) 13.5 14.6 -7.534 14.6 -7.534 Operational Profit (Loss) 5.8 4.2 38.095 5.4 7.407 Net profit (Loss) 4 2.2 81.818 4.2 -4.761 Total Comprehensive Income 4 2.2 81.818 4.2 -4.761 All figures are […]

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Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 166 182.9 -9.24 174.1 -4.652
Gross Profit (Loss) 13.5 14.6 -7.534 14.6 -7.534
Operational Profit (Loss) 5.8 4.2 38.095 5.4 7.407
Net profit (Loss) 4 2.2 81.818 4.2 -4.761
Total Comprehensive Income 4 2.2 81.818 4.2 -4.761
All figures are in (Millions) Saudi Arabia, Riyals



Element List Current Period Similar period for previous year %Change
Sales/Revenue 527.4 610.2 -13.569
Gross Profit (Loss) 44.1 48.3 -8.695
Operational Profit (Loss) 19 17.6 7.954
Net profit (Loss) 14.3 12.1 18.181
Total Comprehensive Income 14.3 12.1 18.181
Total Shareholders Equity (after Deducting Minority Equity) 386.2 391.5 -1.353
Profit (Loss) per Share 0.51 0.36
All figures are in (Millions) Saudi Arabia, Riyals



Element List Amount Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value – –
Accumulated Losses – –
All figures are in (Millions) Saudi Arabia, Riyals



Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is The reason for the decrease in sales for the current quarter (2024 AD) compared to the same quarter of the previous year (2023 AD ) to the decrease in Sales volume
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is “The reason for the increase in net profit for the current quarter(2024) compared to the same quarter of the previous year(2023) is due to the increase in the profit of investment
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The reason for the decrease in sales for the current quarter (2024 AD) compared to the previous quarter (2024 AD ) to the decrease in sales volume
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The reason for the decrease in the net profit for the current quarter (third 2024) compared to the previous quarter of the current year (second 2024) to the decrease in Sales volume Despite of increase in the profit of investment
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is The reason for the decrease in sales for the during the current period (2024 AD) compared to the same period of the previous year (2023 AD ) to the decrease in Sales volume
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is “The reason for the increase in net profit for the during the current period (2024) compared to the same period of the previous year(2023) to increase in the profit of investment Despite of decrease in Sales volume
Statement of the type of external auditor’s report Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) No comment
Reclassification of Comparison Items “Certain comparative figures for the same period of the previous year have been reclassified to conform to the classification of the current period

“
Additional Information –

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]]> Aslak aligns factory operations with demand: CEO https://unitedwires.com.sa/en/aslak-aligns-factory-operations-with-demand-ceo/?utm_source=rss&utm_medium=rss&utm_campaign=aslak-aligns-factory-operations-with-demand-ceo Mon, 12 Aug 2024 05:35:58 +0000 https://unitedwires.com.sa/?p=17647 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 construction sector due to weak sales margins given […]

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]]> 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 construction sector due to weak sales margins given the weakening demand from the residential sector. Meanwhile, developers are shifting towards alternative products such as precast walls and new building technologies, the CEO said.

He highlighted that iron coil prices (the main raw material for the company’s wire products) were relatively stable quarter-on-quarter in Q2 2024, with slight increases in the prices of reinforcing steel.

Al-Amir expected prices to remain within close ranges. This is despite the global market changes affecting iron prices, such as the Chinese market, not to mention the growing prospect of a US recession and its adverse impact on markets in general.

The CEO also explained that the profit decline in Q2 2024 was due to lower sales year-on-year as a result of weak market demand and the seasonality of the holidays and summer vacation, which also squeezed profit margins due to price competition among manufacturers.

The continued weak market demand for products of various types prevailed during the second quarter of this year, which in turn challenged all manufacturers, according to the top executive.

Elsewhere, he anticipated the company’s return on its investment in A-1 Fence Arabia Co., specialized in manufacturing security fences, to step up in H2 2024.

As for the Saudi market, Al-Amir expected demand to see relative improvement in the third quarter of 2024, amid anticipated indicators of the start of projects related to hosting Expo 2030 and the 2034 World Cup.

The company is currently working to keep pace with the demand from these projects to provide products through its current and future factories, he said.

The CEO also stressed that Aslak is working to explore several opportunities to acquire stakes in top frontrunners in construction-related fields to cater to the expected high demand in the coming years.

Aslak reported a net profit rise of 3% to SAR 10.3 million in the first half of 2024, compared to SAR 10 million in the corresponding period last year. The second-quarter bottom line amounted to SAR 4.2 million, according to data available with Argaam.

 

Source

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]]> Announcement Details United Wire Factories Co. announces its Interim Financial results for the Period Ending on 2024-06-30 ( Six Months ) https://unitedwires.com.sa/en/announcement-details-united-wire-factories-co-announces-its-interim-financial-results-for-the-period-ending-on-2024-06-30-six-months/?utm_source=rss&utm_medium=rss&utm_campaign=announcement-details-united-wire-factories-co-announces-its-interim-financial-results-for-the-period-ending-on-2024-06-30-six-months Thu, 08 Aug 2024 12:00:54 +0000 https://unitedwires.com.sa/?p=17880 Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change Sales/Revenue 174.1 200.2 -13.036 187.2 -6.997 Gross Profit (Loss) 14.6 17.3 -15.606 15.9 -8.176 Operational Profit (Loss) 5.4 7.5 -27.999 7.8 -30.769 Net profit (Loss) 4.2 5.5 -23.636 6.1 -31.147 Total Comprehensive Income 4.2 5.5 -23.636 6.1 -31.147 All figures are […]

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Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 174.1 200.2 -13.036 187.2 -6.997
Gross Profit (Loss) 14.6 17.3 -15.606 15.9 -8.176
Operational Profit (Loss) 5.4 7.5 -27.999 7.8 -30.769
Net profit (Loss) 4.2 5.5 -23.636 6.1 -31.147
Total Comprehensive Income 4.2 5.5 -23.636 6.1 -31.147
All figures are in (Millions) Saudi Arabia, Riyals



Element List Current Period Similar period for previous year %Change
Sales/Revenue 361.4 427.3 -15.422
Gross Profit (Loss) 30.6 33.8 -9.467
Operational Profit (Loss) 13.2 13.5 -2.222
Net profit (Loss) 10.3 10 3
Total Comprehensive Income 10.3 10 3
Total Shareholders Equity (after Deducting Minority Equity) 382.2 459.5 -16.822
Profit (Loss) per Share 0.37 0.28
All figures are in (Millions) Saudi Arabia, Riyals



Element List Amount Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value – –
Accumulated Losses – –
All figures are in (Millions) Saudi Arabia, Riyals



Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is The reason for the decrease in sales for the current quarter (2024 AD) compared to the same quarter of the previous year (2023 AD ) to the decrease in Sales volume
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is “The reason for the decrease in net profit for the current quarter(2024) compared to the same quarter of the previous year(2023) to the decrease in Sales volume.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The reason for the decrease in sales for the current quarter (2024 AD) compared to the previous quarter (2024 AD ) to the decrease in sales volume.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The reason for the decrease in the net profit for the current quarter (second 2024) compared to the previous quarter of the current year (first 2024) to the decrease in Sales volume and decrease the profit of investment .
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is The reason for the decrease in sales for the during the current period (2024 AD) compared to the same period of the previous year (2023 AD ) to the decrease in Sales volume.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is “The reason for the increase in net profit for the during the current period (2024) compared to the same period of the previous year(2023) to increase in the profit of investment Despite of decrease in Sales volume .
Statement of the type of external auditor’s report Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) No comment
Reclassification of Comparison Items “Certain comparative figures for the same period of the previous year have been reclassified to conform to the classification of the current period

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Additional Information –

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]]> United Wire Factories Co. announces its Interim Financial results for the Period Ending on 2024-03-31 (Three Months) https://unitedwires.com.sa/en/united-wire-factories-co-announces-its-interim-financial-results-for-the-period-ending-on-2024-03-31-three-months/?utm_source=rss&utm_medium=rss&utm_campaign=united-wire-factories-co-announces-its-interim-financial-results-for-the-period-ending-on-2024-03-31-three-months Thu, 16 May 2024 05:30:47 +0000 https://unitedwires.com.sa/?p=17117 Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change Sales/Revenue 187.2 227.2 -17.605 182.5 2.575 Gross Profit (Loss) 15.9 16.4 -3.048 16 -0.624 Operational Profit (Loss) 7.8 6 30 8.6 -9.302 Net profit (Loss) 6.1 4.5 35.555 8.3 -26.506 Total Comprehensive Income 6.1 4.5 35.555 8.6 -29.069 All figures are […]

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Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 187.2 227.2 -17.605 182.5 2.575
Gross Profit (Loss) 15.9 16.4 -3.048 16 -0.624
Operational Profit (Loss) 7.8 6 30 8.6 -9.302
Net profit (Loss) 6.1 4.5 35.555 8.3 -26.506
Total Comprehensive Income 6.1 4.5 35.555 8.6 -29.069
All figures are in (Millions) Saudi Arabia, Riyals



Element List Current Period Similar period for previous year %Change
Total Share Holders Equity (After Deducting the Minority Equity) 378 454.1 -16.758
Profit (Loss) per Share 0.22 0.13
All figures are in (Millions) Saudi Arabia, Riyals



Element List Percentage of the capital (%) Amount
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value – –
Accumulated Losses – –
All figures are in (Millions) Saudi Arabia, Riyals



Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is The reason for the decrease in sales for the current quarter (2024 AD) compared to the same quarter of the previous year (2023 AD ) to the decrease in Sales volume
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is “The reason for the increase in net profit for the current quarter(2024) compared to the same quarter of the previous year(2023) is due to the increase in profit margins and increase in the profit of investment.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The reason for the increase in sales for the current quarter (2024 AD) compared to the previous quarter (2023 AD ) to the increase in sales volume.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The reason for the decrease in the net profit for the current quarter (first 2024) compared to the previous quarter of the previous year (fourth 2023) is due to the Increase zakat expense.
Statement of the type of external auditor’s report Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) No comment
Reclassification of Comparison Items “Certain comparative figures for the same period of the previous year have been reclassified to conform to the classification of the current period.
Additional Information No comment

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