News

Aslak’s profit margins boosted by efficient raw materials procurement: CEO

برهان العلي2021-03-16T10:46:14+03:00United Wire Factories Co. (Aslak) was highly-selective in managing the process of raw materials procurement to seize good opportunities, which in turn boosted profit margins and improved financial results, CEO Nabil Alamir told Argaam in an exclusive. “The global prices of raw materials started to see...

United Wire Factories Co. announces its Annual Estimated Financial Results for the Period Ending on 2020-12-31

Hanadi Otayf2021-03-16T10:43:38+03:00 Element List Current Year Previous Year %Change Sales/Revenue 777.3 724.4 7.302 Gross Profit (Loss) 113.5 61.6 84.253 Operational Profit (Loss) 72.3 32.9 119.756 Net Profit (Loss) after Zakat and Tax 62.1 22.1 180.995 Total Comprehensive Income 61.7 23.2 165.948 Total Share Holders Equity (after Deducting Minority Equity) 457.6 518.8 -11.796 Profit (Loss) per Share 1.51 0.5 All figures are in (Millions) Saudi Arabia, Riyals   Element List Explanation The reason of the increase (decrease)...

ASLAK CEO to CNBC Arabia: After two months of decline, the demand has started to recover since the beginning of this June

برهان العلي2020-06-10T16:57:17+03:00The CEO of ASLAK "Nabil Al-Amir" said that the demand was negatively affected during the months of April and May as a result of the precautionary measures taken to reduce the outbreak of the COVID-19 pandemic, but on the other hand, the "Al-Amir" stated that...

The Capital Market Authority Approves United Wire Factories Company’s Request to Reduce its Capital

برهان العلي2020-06-10T16:36:52+03:00​The CMA has issued its resolution approving United Wire Factories Company's request to reduce its capital from SAR (438,750,000) to SAR (351,000,000), thus reducing the number of shares from (43,875,000) shares to (35,100,000) shares. This approval is conditional on the Company’s extraordinary general assembly approval...

United Wire Factories Co. Announces the Submission of the Decrease of the Company’s Capital Application File to CMA

ammar Al-Ali2020-03-19T13:48:51+03:00 ELEMENT LIST EXPLANATION Introduction No English translation, kindly refer to the Arabic version Date of Submitting the Application File to CMA 2020-03-10 Corresponding to 1441-07-15 Application Subject No English translation, kindly refer to the Arabic version Date of Announcing Board Recommendation to Decrease the Company's Capital on Tadawul's Website 2020-01-14 Corresponding to 1441-05-19 Additional Information No...

United Wire Factories Co. announces its Annual Financial Results for the Period Ending on 2019-12-31

ammar Al-Ali2020-02-27T08:56:24+03:00  ELEMENT LIST CURRENT YEAR PREVIOUS YEAR %CHANGE Sales/Revenue 724.4 535 35.401 Gross Profit (Loss) 61.6 46.1 33.622 Operational Profit (Loss) 32.9 17 93.529 Net Profit (Loss) after Zakat and Tax 22.1 7.1 211.267 Total Comprehensive Income 23.2 7.6 205.263 Total Share Holders Equity (after Deducting Minority Equity) 518.8 506.5 2.428 Profit (Loss) per Share 0.5 0.16   All figures are in (Millions) Saudi Arabia, Riyals   ELEMENT LIST EXPLANATION Increase (Decrease) in Net Profit for Current Year Compared to...

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

ammar Al-Ali2020-02-02T16:55:38+03:00 ELEMENT LIST EXPLANATION Introduction No English translation, kindly refer to the Arabic version Name of Financial Advisor No English translation, kindly refer to the Arabic version Financial Advisor Appointment Date 2020-01-29 Corresponding to 1441-06-04 Additional Information No English translation, kindly refer to the Arabic version

United Wire Factories Co. announces its Annual Estimated Financial Results for the Period Ending on 2019-12-31

ammar Al-Ali2020-01-14T08:38:49+03:00 ELEMENT LIST CURRENT YEAR PREVIOUS YEAR %CHANGE Sales/Revenue 724.4 535 35.401 Gross Profit (Loss) 61.6 46.1 33.622 Operational Profit (Loss) 32.4 17 90.588 Net Profit (Loss) after Zakat and Tax 22.1 7.1 211.267 Total Comprehensive Income 23.2 7.6 205.263 Total Share Holders Equity (after Deducting Minority Equity) 518.8 506.5 2.428 Profit (Loss) per Share 0.5 0.16   All figures are in (Millions) Saudi Arabia, Riyals   ELEMENT LIST EXPLANATION Increase (Decrease) in Net Profit for Current Year Compared to...

United Wire Factories Co. Announces Board’s Recommendation to Decrease the Company’s Capital

ammar Al-Ali2020-01-14T16:41:48+03:00 ELEMENT LIST EXPLANATION Date of Board Meeting 2020-01-13 Corresponding to 1441-05-18 Capital before decrease No English translation, kindly refer to the Arabic version Capital after decrease No English translation, kindly refer to the Arabic version Percentage of Capital decrease 20 % Number of Shares before Decrease 43875000 Number of Shares after Decrease 35100000 Reasons for the Capital Decrease No English...

Taking a business global is as much about embracing uncomfortable paradigms as it is about competing with global giants

ammar Al-Ali2020-01-13T16:31:09+03:00 NABIL H. AL-AMIR CEO Of United Wire Factories Company MOHAMMED RAFEA CEO of Riyadh Cables Group Company What is your company's strategy going forward in light of recent economic reforms? NABIL H. AL-AMIR The company has a well-established market presence in its business fields and an outstanding reputation. Our main...