News

22Feb

Aslak opens new factory in Al Kharj

United 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...
05Nov

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

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...
05Nov

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...
02Nov

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...
02Oct

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...