| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement of United Wire Factories Co. (Aslak) on Tadawul dated 30 Jumada al-Akhirah 1446H corresponding to 31 December 2024G, related to the announcement of Aslak that it had signed a (non-binding) memorandum of understanding with Al Raeda Industrial Investment Company (Al Raeda).
Aslak would like to announce its agreement with Al-Raeda to extend the memorandum of understanding for a period of (184) days, ending on 31 December 2025G, extendable by written agreement between the two parties, for the purpose of completing the due diligence audit and regaltory requirements. |
| Previous Announcement | Aslak announces the signed a (non-binding) memorandum of understanding (40.0%) of the shares of Al Raeda through the issuance of new shares to the shareholders of Al Raeda in Aslak |
| Date of Previous Announcement on Saudi Exchange’s Website | 2024-12-31 Corresponding to 1446-06-30 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Extending the memorandum for a period of (184) days, ending on 31 December 2025G extendable by written agreement between the two parties, for the purpose of completing the due diligence audit and regulatory requirements. |
| Reasons For The Delay on The Date of The Event Previously Announced | N/A |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
| Delay consequences on the Company’s financial results | N/A |
| Additional Information | No further information |
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