News

United Wire Factories Co. announces its Annual Estimated Financial Results for the Period Ending on 2019-12-31

ammar Al-Ali2020-01-14T08:38:49+03:00 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 Deducting Minority Equity) 518.8 506.5 2.428 Profit (Loss) per Share 0.5 0.16   All figures are in (Millions) Saudi Arabia, Riyals   ELEMENT LIST EXPLANATION Increase (Decrease) in Net Profit for Current Year Compared to...

United Wire Factories Co. Announces Board’s Recommendation to Decrease the Company’s Capital

ammar Al-Ali2020-01-14T16:41:48+03:00 ELEMENT LIST EXPLANATION Date of Board Meeting 2020-01-13 Corresponding to 1441-05-18 Capital before decrease No English translation, kindly refer to the Arabic version Capital after decrease No English translation, kindly refer to the Arabic version Percentage of Capital decrease 20 % Number of Shares before Decrease 43875000 Number of Shares after Decrease 35100000 Reasons for the Capital Decrease No English...

Taking a business global is as much about embracing uncomfortable paradigms as it is about competing with global giants

ammar Al-Ali2020-01-13T16:31:09+03:00 NABIL H. AL-AMIR CEO Of United Wire Factories Company MOHAMMED RAFEA CEO of Riyadh Cables Group Company What is your company's strategy going forward in light of recent economic reforms? NABIL H. AL-AMIR The company has a well-established market presence in its business fields and an outstanding reputation. Our main...