| Element List | Explanation |
|---|---|
| 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 ownership of Thimar valid for (90) days, renewable by agreement of the two parties, and its announcement on January 18, 2022, extending MOU for additional (60) days, renewable by agreement of the two parties, and its announcement on March 15, 2022 AD extending MOU for additional (45) days, renewable by agreement of the two parties, and its latest announcement on April 28, 2022 AD extending MOU for additional (30) days, subject to renewal by agreement of the parties; United Wire Factories Company, herewith, announces that the MOU with Thimar had concluded without reaching an agreement between the two parties on the acquisition. |
| Previous Announcement | 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 (Limited Liability Company). |
| Date of Previous Announcement on Tadawul’s Website | 2022-04-28 Corresponding to 1443-09-27 |
| Percentage of fulfilled achievement | not applicable |
| Event’s Expected Completion Date | The event was completed on the date of this announcement. |
| 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. announces its Interim Financial results for the Period Ending on 2025-09-30 ( Nine Months )
Element List
Current Quarter
Similar quarter for previous year
%Change
Previous Quarter
% Change
Sales/Revenue
201.1
166
21.144
181.4
10.859
Gross Profit (Loss)
13.5
13.5
-
11.8
14.406
Operational Profit (Loss)
3
4
-25
1.5
100
Net profit... read more
United Wire Factories Co. Announces Board’s Recommendation to Decrease the Company’s Capital
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... read more
United Wire Factories Co. Announces Calling Candidature for Board Members Elections for the 5th session
Element ListExplanationIntroductionUnited Wire Factories Co (Aslak) Announces Calling Candidature for Board Members Elections for the next (fifth) session and for... read more
United Wire Factories Co. announces its board of directors’ decision to appoint the board’s chairman and vice-chairman and to form committees
Element ListExplanationAnnouncement Detail Reference to the meeting of the Fourteenth Ordinary General Assembly held on Tuesday 28/07/1443 AH... read more
United Wire Factories Co. Announces to its Shareholders the Starting Date of the Electronic Voting on the Agenda of the Ordinary General Assembly Meeting (First Meeting)
Element ListExplanationAnnouncement Detail Reference to the announcement of United Wire Factories Co. (Aslak) on the Saudi Exchange (Tadawul)... read more
United Wire Factories Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the (First Meeting)
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 distribution of cash dividend for For the period ended 2020 AD and the second half of the year 2021 AD
Element ListExplanation Introduction United Wire Factories Company (Aslak) announces the decision of the Board of Directors... read more
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... read more
The Capital Market Authority Approves United Wire Factories Company’s Request to Reduce its Capital
The CMA has issued its resolution approving United Wire Factories Company's request to reduce its capital from SAR (438,750,000) to... read more
United Wire Factories Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)
Element List
Explanation
Introduction
United Wire Factories Co. Board of Directors is pleased to announce the results of the Ordinary General... read more
