| Element List | Explanation |
|---|---|
| Introduction | United Wire Factories Co. Announces the signing of a (non-binding) Memorandum of Understanding with A-1 Fence DMCC Company (UAE) for the possible acquisition of a stake in A-1 Fence Arabia for industry (Foriegn Limited liability co.) its head office in Dammam – Saudi Arabia, (which is wholly owned by A-1 Fence DMCC) upon reaching a final agreement between the two parties |
| Memorandum Signing Date | 2022-02-20 Corresponding to 1443-07-19 |
| Counterparty | A-1 Fence DMCC (UAE) |
| Memorandum Subject | Understanding to reach a final agreement for United Wire Factories Company to acquire a share of the ownership of A-1 Fence Arabia for industry Company (Foriegn Limited liability co.) , and this memorandum aims to determine the understanding about the initial mutual obligations and rights between the two parties regarding the acquisition process, so that the implementation will be in accordance with the proposals and understandings approved by the two parties. The two parties also agreed to determine the value of the final deal after completing the evaluation and due diligence audit |
| Memorandum Duration | This memorandum shall be effective from the date of its signature and for a period of (90) days, subject to renewal with the approval of both parties |
| Related Parties | There are no related parties |
| Financial Impact | The financial impact will be determined after the final evaluation is completed |
| Additional Information | This potential deal for comes as a strategic direction for the United Wire Factories Company that aims to diversify sources of income and maximize its profitability through its various investments. The Memorandum of Understanding is (non-binding) for both parties, and any significant developments regarding the Memorandum of Understanding or the proposed acquisition will be announced in due course |
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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. Board of Directors invites its shareholders to attend the Ordinary General Assembly Meeting (first meeting and the second Meeting after one hour from the first meeting)
Element List
Explanation
Introduction
The Board of Directors of United Wire Factories Co. (Aslak) is pleased to invite the valued shareholders... read more
United Wire Factories Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )
Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 185.7160.215.917217.7-14.699 Gross Profit (Loss) 16.928.3-40.28221.2-20.283 Operational Profit (Loss)... 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
United Wire Factories Company announces the distribution of cash dividends to shareholders for the second half of the year 2022 AD and for the period until the end of the third quarter 2023 AD
Element ListExplanation Introduction United Wire Factories Company (Aslak) announces the decision of the Board of Directors... read more
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 its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )
Element List
Current Quarter
Similar quarter for previous year
%Change
Previous Quarter
% Change
Sales/Revenue
226.6
220.4
2.813
202.8
11.735
Gross Profit (Loss)
28.1
33.5
-16.119
29.8
-5.704
Operational Profit (Loss)
18.6
17.3
7.514
19.2
-3.124
Net Profit... read more
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 its Interim Financial Results for the Period Ending on 30-09-2023 ( Nine Months )
Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 182.9264.1-30.75200.2-8.64 Gross Profit (Loss) 14.515.6-7.0517.2-15.7 Operational Profit (Loss)... read more
