| Element List | Explanation |
|---|---|
| Introduction | Further to the company’s announcement published on the Tadawul website on 04/09/1444 corresponding to 11/03/2022 regarding the Board of Directors’ recommendation to reduce the company’s capital, United Wire Factories Company would like to announce to shareholders that it has appointed Yaqeen Financial Company (Yaqeen Capital) as a financial advisor on 12 / 05/ 1444 corresponding to 06/12/ 2022, in order to manage the process of reducing the company’s capital and to carry out all related procedures. |
| Name of Financial Advisor | Yaqeen Financial Company (Yaqeen Capital) |
| Financial Advisor Appointment Date | 2022-12-06 Corresponding to 1444-05-12 |
| Additional Information | The company will announce when submitting the company’s capital reduction request file to the Capital Market Authority and any future developments regarding capital reduction, if available. |
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