News

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

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)

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...

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)

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 CEO says no conflict between capital cut, expansions

Nabil Alamir, CEO of United Wires Factories Co. (Aslak), said the planned capital cut does not reflect contraction, stressing that there is no conflict between the target reduction and expansions. Expansion is a main goal of Aslak, which eyes acquisition of existing companies operating in various...

United Wire Factories Co. announces the results of the Sixteenth Extraordinary General Assembly Meeting, which included the approval of reducing the company’s capital (first meeting)

Element ListExplanation Introduction United Wire Factories Co. announces the results of the Extraordinary Sixteenth Extraordinary General Assembly (the First Meeting) which included the approval on the capital reduction of the Company, which was held at 07:30 on Wednesday 2023/08/02 through means...

A corrective announcement from the United Wire Factories Company regarding its announcement of the start date of electronic voting on the items of the Extraordinary General Assembly Meeting (Sixteenth) that include reducing the company’s capital (first meeting) through modern technology

Element ListExplanation Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul's Website 2023-07-27 Corresponding to 1445-01-09 Hyperlink to the Previous Announcement Click Here Incorrect statements in the previous announcement Voting...