News

United Wire Factories Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the (First Meeting)

عاصم البحيران2024-04-18T09:51:08+03:00 Element List Explanation Introduction The Board of Directors of United Wire Factories Company is pleased to invite its shareholders to participate and vote in the seventeenth extraordinary general assembly meeting (first meeting), which is scheduled to be held at exactly eight thirty in the evening on...

Stable raw material prices lifted Q4 results; higher demand seen post-Ramadan: Aslak CEO

عاصم البحيران2024-03-31T15:13:14+03:00The fourth quarter of 2023 witnessed stable raw material prices, which eased the pressure on sales margins and thus improved the quarterly results, United Wire Factories Co.’s (Aslak) CEO Nabil Al-Amir told Argaam. The construction and civil sector products did not report a significant change in...

United Wire Factories Co. Announces the Board of Directors’ recommendation regarding transferring the company’s statutory reserve to retained earnings

عاصم البحيران2024-03-27T12:25:00+03:00 Element ListExplanationAnnouncement Detail United Wire Factories Company announces the issuance of the Board of Directors’ recommendation to the General Assembly approving the transfer of the company’s entire statutory reserve in the amount of (79,951,194) Saudi Riyals as in the financial statements ending on...

United Wire Factories Co. announces its Annual Financial results for the period ending on 2023-12-31

عاصم البحيران2024-03-27T12:14:20+03:00 Element ListCurrent YearPrevious Year%ChangeSales/Revenue 792.81,026.4-22.76 Gross Profit (Loss) 64.1107.3-40.26 Operational Profit (Loss) 26.267.2-61.01 Net profit (Loss) 20.456.7-64.02 Total Comprehensive Income 20.757.8-64.19 Total Share Holders Equity (After Deducting the Minority Equity) 372449.5-17.24 Profit (Loss) per Share 0.631.61 All...

Aslak opens new factory in Al Kharj

عاصم البحيران2024-05-29T16:44:34+03:00United Wire Factories Co. (Aslak) inaugurated its new factory in Al Kharj Industrial City, spanning 15,000 square meters. In a statement to Argaam, the company revealed that the factory's initial production capacity is 90,000 tons annually, which will increase to 150,000 tons in the second...

Aslak CEO: Al-Raeda acquisition to boost revenue, expand reach

عاصم البحيران2023-11-15T16:44:31+03:00United Wire Factories Co.'s (Aslak) memorandum of understanding (MoU) for the potential acquisition of a stake in Al-Raeda Industrial Investment Co. aims to boost the company's revenue and allow new investments, CEO Nabil Al-Amir told Argaam. He added that Al-Raeda operates in a different industrial...

United Wire Factories Co. announces signing a Memorandum of Understanding with ALRAEDA INDUSTRIAL INVESTMENT Co.

عاصم البحيران2023-11-15T10:38:36+03:00 Element ListExplanation Introduction United Wire Factories Company Announces the signing of a Memorandum of Understanding with ALRAEDA INDUSTRIAL INVESTMENT Company To potentially acquire a share in the company’s ownership upon reaching a final agreement between the two parties ...

United Wire Factories Company announces the distribution of cash dividends to shareholders for the second half of the year 2022 AD and for the period until the end of the third quarter 2023 AD

عاصم البحيران2023-11-05T16:09:57+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 the year 2022 AD and for the period until the end of the...

United Wire Factories Co. announces its Interim Financial Results for the Period Ending on 30-09-2023 ( Nine Months )

عاصم البحيران2023-11-05T16:03:22+03:00 Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 182.9264.1-30.75200.2-8.64 Gross Profit (Loss) 14.515.6-7.0517.2-15.7 Operational Profit (Loss) 4.25.3-20.757.5-44 Net Profit (Loss) after Zakat and Tax 2.23-26.675.5-60 Total Comprehensive Income 2.23-26.675.5-60 All figures are in (Millions) Saudi Arabia, Riyals Element...

Corrective announcement from the United Wire Factories Company regarding its previous announcement about the latest developments regarding its signing of a memorandum of understanding with A1 Fence DMCC (UAE) to acquire a share in the ownership of A1 Fence Arabian Industrial Company, which is wholly owned by A1 Fence DMCC. (Emirati)

عاصم البحيران2023-11-02T08:45:35+03:00 Element ListExplanation Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul's Website 2023-10-03 Corresponding to 1445-03-18 Hyperlink to the Previous Announcement Click Here Incorrect statements in the previous announcement The...