| Element List | Explanation |
|---|---|
| Introduction | Further to the announcement of the United Wire Factories Company (the “Company”) on October 30, 2022 of the completion of the work to obtain regulatory approvals and the completion of the terms of the share purchase agreement signed with A One Fence DMCC (UAE) to acquire 30% of the capital of A Company One Fence Arabia for Industry; The company is pleased to announce the issuance of the General Authority for Competition’s non-objection to the economic concentration process, and thus the company will work to complete the agreement by paying its share in the capital of A One Fence DMCC in the amount of (281,400) (two hundred and eighty one thousand and four hundred Saudi riyals) during the quarter the second for 2023 |
| Previous Announcement | 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) for the possible acquisition of a stake in the ownership of A-1 Fence Arabia Company for Industry (a foreign limited company) wholly owned by A-1 Fence DMCC (UAE) |
| Date of Previous Announcement on Tadawul’s Website | 2022-10-30 Corresponding to 1444-04-05 |
| Percentage of fulfilled achievement | Work is underway to complete the legal procedures |
| Event’s Expected Completion Date | The second quarter of 2023 |
| Reasons for Exceeding the Announced End Date | not applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | not applicable |
| Impact of the Delay on the Company’s Financial Results | not applicable |
| Additional Information | There are no related parties regarding the agreement mentioned in the announce |
Related Posts
United Wire Factories Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )
Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 185.7160.215.917217.7-14.699 Gross Profit (Loss) 16.928.3-40.28221.2-20.283 Operational Profit (Loss)... read more
United Wire Factories Co. Announces Appointment of a Financial Advisor for Capital Decrease
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... read more
United Wire Factories Co. Announces Board’s Recommendation to Decrease the Company’s Capital
Element ListExplanation Introduction United Wire Factories Co. Announces Board's Recommendation to Decrease the Company's Capital ... read more
Stable raw material prices lifted Q4 results; higher demand seen post-Ramadan: Aslak CEO
The fourth quarter of 2023 witnessed stable raw material prices, which eased the pressure on sales margins and thus improved... read more
United Wire Factories Co. announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )
Element List
Current Quarter
Similar quarter for previous year
%Change
Previous Quarter
% Change
Sales/Revenue
226.6
220.4
2.813
202.8
11.735
Gross Profit (Loss)
28.1
33.5
-16.119
29.8
-5.704
Operational Profit (Loss)
18.6
17.3
7.514
19.2
-3.124
Net Profit... read more
United Wire Factories Co. Announces an update on Addendum Announcement from United Wire Factories Co. in regards to extension of the candidacy period for membership of the Board of Directors for the 5th session
Element ListExplanation Introduction Addendum announcement of the United Wire Factories Co regarding the extension of the... read more
ASLAK’s CEO Interview with CNBC Arabia regrading the process of reducing the company’s capital
https://unitedwires.com.sa/wp-content/uploads/2023/08/CNBC03082023.mp4 read more
CEO of Saudi Wire Union Company to CNBC Arabia: The impact of high raw material costs due to the war is limited on the company
https://www.cnbcarabia.com/videos_pickup/_____________________[63].mp4
Nabil Al-Amir, CEO of the Saudi Wire Factories company, said in a meeting with CNBC Arabian, that the Russian-Ukrainian war... read more
United Wire Factories Company announces the starting date of electronic voting on the 15th Ordinary General Assembly Meeting agenda (First Meeting) through means of modern technology
Element ListExplanationAnnouncement Detail United Wire Factories Company is pleased to announce to its valued shareholders the start date... read more
United Wire Factories Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )
Element List
Explanation
Introduction
United Wire Factories company Board of Directors is pleased to announce the results of the14th Ordinary General... read more
