| Element List | Explanation |
|---|---|
| Introduction | United Wire Factories Company Announces the signing of a Memorandum of Understanding with ALRAEDA INDUSTRIAL INVESTMENT Company To potentially acquire a share in the company’s ownership upon reaching a final agreement between the two parties |
| Memorandum Signing Date | 2023-11-13 Corresponding to 1445-04-29 |
| Counterparty | ALRAEDA INDUSTRIAL INVESTMENT Company |
| Memorandum Subject | Understanding to reach a final agreement for United Wire Factories Company to acquire a share of the ALRAEDA INDUSTRIAL INVESTMENT Company, 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 (180) 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 comes as a strategic direction for United Wire Factories Company, which aims to diversify its sources of income and maximize its profitability through diversified investments, and any fundamental developments will be announced later |
Related Posts
United Wire Factories Co. announces its Annual Estimated Financial Results for the Period Ending on 2022-12-31
Element ListCurrent YearPrevious Year%ChangeSales/Revenue 1,026.4921.311.41 Gross Profit (Loss) 107.385.225.94 Operational Profit (Loss) 67.856.420.21 Net Profit (Loss)... read more
Announcement Details United Wire Factories Co. announces its Interim Financial results for the Period Ending on 2024-06-30 ( Six Months )
Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 174.1200.2-13.036187.2-6.997 Gross Profit (Loss) 14.617.3-15.60615.9-8.176 Operational Profit (Loss)... read more
Stable raw material prices lifted Q4 results; higher demand seen post-Ramadan: Aslak CEO
The fourth quarter of 2023 witnessed stable raw material prices, which eased the pressure on sales margins and thus improved... read more
United Wire Factories Co. announces its Interim Financial Results for the Period Ending on 2022-09-30 ( Nine Months )
Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 264.1185.742.22208.326.79 Gross Profit (Loss) 15.616.9-7.6929.1-46.39 Operational Profit (Loss)... read more
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
Element ListExplanation Introduction Further to the announcement of the United Wire Factories Co. on October 21,... read more
United Wire Factories Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)
Element ListExplanation Introduction United Wire Factories Co. Board of Directors is pleased to announce the results... read more
United Wire Factories Co. announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )
... read more
United Wire Factories Co. announces the distribution of cash dividend for For the 1st half of the year 2022 AD
Element ListExplanation Introduction United Wire Factories Company (Aslak) announces the decision of the Board of Directors... read more
Addendum Announcement from United Wire Factories Co. in regards to the 15th general assembly ( ordinary ) first meeting
Element ListExplanation Introduction Further to the announcement of the United Wire Factories Company on 23/08/1444... 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
