News

26Jan

United Wire Factories Co. announces its Annual Estimated Financial Results for the Period Ending on 2022-12-31

Element ListCurrent YearPrevious Year%ChangeSales/Revenue 1,026.4921.311.41 Gross Profit (Loss) 107.385.225.94 Operational Profit (Loss) 67.856.420.21 Net Profit (Loss) after Zakat and Tax 57.346.224.02 Total Comprehensive Income 57.846.424.57 Total Share Holders Equity (after Deducting Minority Equity) 449.5442.61.56 Profit (Loss) per Share...
07Dec

United Wire Factories Co. Announces Appointment of a Financial Advisor for Capital Decrease

Element ListExplanationIntroduction Further to the company's announcement published on the Tadawul website on 04/09/1444 corresponding to 11/03/2022 regarding the Board of Directors' recommendation to reduce the company's capital, United Wire Factories Company would like to announce to shareholders that it has appointed Yaqeen Financial...
03Nov

United Wire Factories Co. announces its Interim Financial Results for the Period Ending on 2022-09-30 ( Nine Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 264.1185.742.22208.326.79 Gross Profit (Loss) 15.616.9-7.6929.1-46.39 Operational Profit (Loss) 5.310.5-49.5218.9-71.96 Net Profit (Loss) after Zakat and Tax 38.1-62.9616.2-81.48 Total Comprehensive Income 38.1-62.9616.2-81.48 All figures are in (Millions) Saudi Arabia, Riyals Element...
21Aug

The United Wire Factories Co. announces the latest developments regarding its previous announcement of signing a memorandum of understanding with A-1 Fence DMCC (UAE)

Element ListExplanation Introduction Further to the announcement of the United Wire Factories Co. (the “Company”) that it has signed a (non-binding) Memorandum of Understanding on February 20, 2022 with A-1 Fence DMCC (UAE) for the possible acquisition of a stake in...
01Aug

United Wire Factories Co. announces its Interim Financial Results for the Period Ending on 2022-06-30 ( 6 months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 208.3217.7-4.32298.8-30.29 Gross Profit (Loss) 29.121.237.2638-23.42 Operational Profit (Loss) 18.916.713.1728.6-33.92 Net Profit (Loss) after Zakat and Tax 16.214.114.8926-37.69 Total Comprehensive Income 16.214.114.8926-37.69 All figures are in (Millions) Saudi Arabia, Riyals Element...
21Jul

The CEO of the Saudi Wire Union, Nabil Al-Amir, told CNBC Arabia: The increase in profits for the first half of 2022 is due to the growth in sales volumes and high profit margins

https://www.cnbcarabia.com/videos_pickup/aslak_video.mp4 In an interview with CNBC Arabia, CEO of the Saudi Wire Union, Nabil Al-Amir, indicated that the reasons behind the company's increase in profits in the first half of this year on an annual basis are due to the growth in sales volume and high...
21Jul

United Wire Factories Co. announces its Estimated Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 208.3217.7-4.32298.8-30.29 Gross Profit (Loss) 29.121.237.2638-23.42 Operational Profit (Loss) 18.916.713.1728.6-33.92 Net Profit (Loss) after Zakat and Tax 16.214.114.8926-37.69 Total Comprehensive Income 16.214.114.8926-37.69 All figures are in (Millions) Saudi Arabia, Riyals Element...
05Jun

United Wire Factories Co. Announces an update on United Wire Factories Co. announces signing a Memorandum of Understanding with Themar for Food and Catering Company

Element ListExplanation Introduction In reference to the announcement by United Wire Factories Company on October 24, 2021, regardin signing a (non-binding) memorandum of understanding (MOU) with Thimar Food and Catering Company (Themar) for the possible acquisition of a stake in the...