Element List | Explanation |
---|---|
Introduction | Further to the announcement by United Wire Factories Co. of signing a (non-binding) Memorandum of Understanding on October 21, 2021 AD with Themar Food and Catering Company for the possible acquisition of a share in the ownership of Themar Food and Catering Company upon reaching a final agreement between the two parties, and since the announcement of the signing of a memorandum The aforementioned understanding indicates the expiry of the memorandum of understanding term after 90 days from the date of its signing, subject to renewal with the approval of both parties.
The company announces its agreement with Themar Food and Catering Company under an appendix to the memorandum of understanding to extend the memorandum of understanding (non-binding) for a period of (60) sixty days, and it can be extended for other periods according to a written agreement between the two parties, for the purpose of completing the due diligence audit. |
Previous Announcement | United Wire Factories Co. announces signing a Memorandum of Understanding with Themar for Food and Catering Company (Limited Liability Company) |
Date of Previous Announcement on Tadawul’s Website | 2021-10-24 Corresponding to 1443-03-18 |
Percentage of fulfilled achievement | not applicable |
Event’s Expected Completion Date | not applicable |
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 | not applicable |
Related Posts
United Wire Factories Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the ( First Meeting ) – Reminder announcement
Element List
Explanation
Introduction
The Board of Directors of United Wire Factories Company is pleased to invite its shareholders to participate... read more
United Wire Factories Co. Announces the Board of Directors’ recommendation regarding transferring the company’s statutory reserve to retained earnings
Element ListExplanationAnnouncement Detail United Wire Factories Company announces the issuance of the Board of Directors’ recommendation to the... read more
Taking a business global is as much about embracing uncomfortable paradigms as it is about competing with global giants
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... read more
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... read more
United Wire Factories Co. Announces the Start of the Creditors’ Objection Period Related to the Company’s Capital Reduction (that exceeds the Company’s need)
... read more
United Wire Factories Co. announces the opening of the nomination period for the board of director’s membership
Element List
Explanation
Introduction
United Wire Factories Co. (Aslak) is pleased to announce that it has open the nomination for Board... read more
United Wire Factories Co. Announces the end of the creditors’ objection period.
Element ListExplanationAnnouncement Detail Concerning the announcement of United Wire Factories Co. On Thursday, 18 May 2023, published... read more
United Wire Factories Co. Announces an update on United Wire Factories Co. announces signing a Memorandum of Understanding with ALRAEDA INDUSTRIAL INVESTMENT Co.
Element ListExplanation Introduction In addition to the announcement by the United Wire Factories Company of signing... read more
United Wire Factories Co. announces the formation of the Audit Committee
Element ListExplanationIntroduction United Wire Factories Co. (Aslak) announces the decision of the Board of Directors to form the Audit... read more
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... read more