| Element List | Explanation |
|---|---|
| Introduction | United Wire Factories Company announces the signing of a (non-binding) Memorandum of Understanding with Themar Food and Catering Company to potentially acquire a share in the ownership of Themar Food and Catering Company upon reaching a final agreement between the two parties. |
| Memorandum Signing Date | 2021-10-21 Corresponding to 1443-03-15 |
| Counterparty | Themar for Food and Catering Company (Limited Liability Company) |
| Memorandum Subject | Understanding to reach a final agreement for United Wire Factories Company to acquire a share of the ownership of Themar Food and catering 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 work. |
| 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. |
Related Posts
The United Wire Factories Co. announces the latest developments regarding its previous announcement of signing a memorandum of understanding with A-1 Fence DMCC (UAE) for the possible acquisition of a stake in the ownership of A-1 Fence Arabia Company for Industry (a foreign limited company)
Element ListExplanation Introduction Further to the announcement by the United Wire Factories Co. of signing a... read more
United Wire Factories Co. Announces Board’s Recommendation to Decrease the Company’s Capital
Element ListExplanation Introduction United Wire Factories Co. Announces Board's Recommendation to Decrease the Company's Capital ... 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 Estimated Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )
Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 208.3217.7-4.32298.8-30.29 Gross Profit (Loss) 29.121.237.2638-23.42 Operational Profit (Loss)... read more
United Wire Factories Co. Announces an update on its previous announces for signing a Memorandum of Understanding with Themar for Food and Catering Company (Limited Liability Company) for the possible acquisition of a share in the ownership of Themar Food and Catering Company.
Element ListExplanation Introduction Further to the announcement by United Wire Factories Co. of signing a (non-binding)... read more
Taking a business global is as much about embracing uncomfortable paradigms as it is about competing with global giants
NABIL H. AL-AMIR
CEO Of United Wire Factories Company
MOHAMMED RAFEA
CEO of Riyadh Cables Group Company
What is your company's strategy going forward... 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 its Interim Financial Results for the Period Ending on 2023-03-31 ( Three Months )
... read more
United Wire Factories Co. announces its Interim Financial results for the Period Ending on 2024-09-30 ( Nine Months )
Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 166182.9-9.24174.1-4.652 Gross Profit (Loss) 13.514.6-7.53414.6-7.534 Operational Profit (Loss)... read more
United Wire Factories Co. announces its Annual Financial results for the period ending on 2023-12-31
Element ListCurrent YearPrevious Year%ChangeSales/Revenue 792.81,026.4-22.76 Gross Profit (Loss) 64.1107.3-40.26 Operational Profit (Loss) 26.267.2-61.01 Net profit (Loss)... read more
