| 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
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... read more
United Wire Factories Co. announces signing a Memorandum of Understanding with ALRAEDA INDUSTRIAL INVESTMENT Co.
Element ListExplanation Introduction United Wire Factories Company Announces the signing of a Memorandum of Understanding with... read more
United Wire Factories Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting
Element List
Explanation
Introduction
The Board of Directors of United Wire Factories Company is pleased to invite its shareholders to attend... read more
United Wire Factories Co. Announces an update on Aslak announces the signed a non-binding memorandum of understanding (40.0%) of the shares of Al Raeda Industrial Investment Company through the issuance of new shares to the shareholders of Al Raeda Industrial Investment Company in Aslak
Element ListExplanation Introduction With reference to the announcement of United Wire Factories Co. (Aslak) on Tadawul... read more
ASLAK CEO to CNBC Arabia: After two months of decline, the demand has started to recover since the beginning of this June
The CEO of ASLAK "Nabil Al-Amir" said that the demand was negatively affected during the months of April and May... read more
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... read more
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... read more
United Wire Factories Co. announces its Annual Financial Results for the Period Ending on 2020-12-31
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... read more
United Wire Factories Co. Announces an update on its previous announces for signing a Memorandum of Understanding with Themar for Food and Catering Company (Limited Liability Company) for the possible acquisition of a share in the ownership of Themar Food and Catering Company.
Element ListExplanation Introduction Further to the announcement by United Wire Factories Co. of signing a (non-binding)... read more
Announcement Details United Wire Factories Co. announces its Interim Financial results for the Period Ending on 2024-06-30 ( Six Months )
Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 174.1200.2-13.036187.2-6.997 Gross Profit (Loss) 14.617.3-15.60615.9-8.176 Operational Profit (Loss)... read more
