| 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
Aslak opens new factory in Al Kharj
United Wire Factories Co. (Aslak) inaugurated its new factory in Al Kharj Industrial City, spanning 15,000 square meters.
In a... read more
United Wire Factories Co. Announces the Submission of the Decrease of the Company’s Capital Application File to CMA
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... read more
United Wire Factories Co. Announces the Results of the Extraordinary General Assembly Meeting (First Meeting)
Element ListExplanation Introduction United Wire Factories company Board of Directors is pleased to announce the results... read more
United Wire Factories Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)
Element List
Explanation
Introduction
The Board of Directors of United Wire Factories Co. is pleased to invite the valued shareholders to... 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 Sixteenth Extraordinary General Assembly Meeting, which included the approval of reducing the company’s capital (first meeting)
Element ListExplanation Introduction United Wire Factories Co. announces the results of the Extraordinary Sixteenth Extraordinary General... read more
United Wire Factories Co. announces the CMA’s approval on the Capital Reduction request of the Company
Element ListExplanation ... read more
United Wire Factories Co. announces its estimated Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months )
Element List
Current Quarter
Similar quarter for previous year
%Change
Previous Quarter
% Change
Sales/Revenue
217.7
194.3
12.043
226.6
-3.927
Gross Profit (Loss)
21.2
22.1
-4.072
28.1
-24.555
Operational Profit (Loss)
16.7
14.6
14.383
18.6
-10.215
Net Profit... read more
United Wire Factories Co. Invites Its Shareholders to Attend the Extraordinary General Assembly Meeting the Sixteenth (First Meeting) Through Means of Modern Technology
... read more
United Wire Factories Co. announces its Annual Estimated Financial Results for the Period Ending on 2019-12-31
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... read more
