News

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...
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 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

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...
01May

Addendum announcement from United Wire Factories Company regarding the announcement of the results of the extraordinary general assembly meeting (first meeting)

Element ListExplanation Introduction In addition to the company's previous announcement regarding the results of the Extraordinary General Assembly (first meeting) held on 20/10/1445 AH (corresponding to 29/04/2024 AD); The company explains the fees of the auditor whose appointment has been approved....