Author - برهان العلي

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)

برهان العلي2023-10-04T00:43:35+03:00 Element List Explanation Introduction Further to the announcement of the United Wire Factories Company (the “Company”) on March 8, 2023, regarding the issuance of a no-objection by the General Authority for Competition regarding the economic concentration process and working to complete the regulatory approvals and fulfill...

ASLAK’s CEO Interview with CNBC Arabia regrading the process of reducing the company’s capital

برهان العلي2023-08-03T16:51:13+03:00 https://unitedwires.com.sa/wp-content/uploads/2023/08/CNBC03082023.mp4

United Wire Factories Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting

برهان العلي2021-03-16T11:13:34+03:00 Element List Explanation Introduction The Board of Directors of United Wire Factories Company is pleased to invite its shareholders to attend the 13th Ordinary General Assembly Meeting (First Meeting) According to the corporate advertisements instructions , remotely through contemporary technology via the URL (www.tadawulaty.com.sa). This is...

United Wire Factories Co. announces the distribution of cash dividend for the second half of the year 2020 AD

برهان العلي2021-03-16T11:03:54+03:00 Element ListExplanation Introduction United Wire Factories Company (Aslak) announces the decision of the Board of Directors to distribute cash dividends to shareholders for the second half of 2020 Date of the board’s decision 2021-02-16 Corresponding to 1442-07-04...

United Wire Factories Co. announces its Annual Financial Results for the Period Ending on 2020-12-31

برهان العلي2021-03-16T10:56:57+03:00 Element List Current Year Previous Year %Change Sales/Revenue 777.3 724.4 7.302 Gross Profit (Loss) 113.5 61.6 84.253 Operational Profit (Loss) 72.3 32.9 119.756 Net Profit (Loss) after Zakat and Tax 62.1 22.1 180.995 Total Comprehensive Income 61.7 23.2 165.948 Total Share Holders Equity (after Deducting Minority Equity) 457.6 518.8 -11.796 Profit (Loss) per Share 1.51 0.5 All figures are in (Millions) Saudi Arabia, Riyals Element List Explanation The reason of the increase (decrease)...

CEO of Saudi Wire Union Company to CNBC Arabia: The increase in value added boosted the company’s sales and increased profit margins

برهان العلي2021-03-16T10:47:46+03:00The CEO of the Saudi Wire Union, Nabil Al-Amir, told CNBC Arabia that the VAT increase last year resulted in an unprecedented increase in sales, which increased profit margins last year. https://www.cnbcarabia.com/videos_pickup/ASLAK_SOT_1.transfer_Long_with_CNBC_logo.mp4 source

Aslak’s profit margins boosted by efficient raw materials procurement: CEO

برهان العلي2021-03-16T10:46:14+03:00United Wire Factories Co. (Aslak) was highly-selective in managing the process of raw materials procurement to seize good opportunities, which in turn boosted profit margins and improved financial results, CEO Nabil Alamir told Argaam in an exclusive. “The global prices of raw materials started to see...

ASLAK CEO to CNBC Arabia: After two months of decline, the demand has started to recover since the beginning of this June

برهان العلي2020-06-10T16:57:17+03:00The CEO of ASLAK "Nabil Al-Amir" said that the demand was negatively affected during the months of April and May as a result of the precautionary measures taken to reduce the outbreak of the COVID-19 pandemic, but on the other hand, the "Al-Amir" stated that...

The Capital Market Authority Approves United Wire Factories Company’s Request to Reduce its Capital

برهان العلي2020-06-10T16:36:52+03:00​The CMA has issued its resolution approving United Wire Factories Company's request to reduce its capital from SAR (438,750,000) to SAR (351,000,000), thus reducing the number of shares from (43,875,000) shares to (35,100,000) shares. This approval is conditional on the Company’s extraordinary general assembly approval...