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
United Wire Factories Co. announces its Annual Estimated Financial Results for the Period Ending on 2020-12-31
Element List
Current Year
Previous Year
%Change
Sales/Revenue
777.3
724.4
7.302
Gross Profit (Loss)
113.5
61.6
84.253
Operational Profit (Loss)
72.3
32.9
119.756
Net Profit (Loss) after Zakat and Tax
62.1
22.1
180.995
Total Comprehensive Income
61.7
23.2
165.948
Total... 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
United Wire Factories Co. announces the opening of the nomination period for the board of director’s membership
Element List
Explanation
Introduction
United Wire Factories Co. (Aslak) is pleased to announce that it has open the nomination for Board... 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 period ended 2020 AD and the second half of the year 2021 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 2022-03-31 ( Three Months )
Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% ChangeSales/Revenue 298.8226.631.862291.32.574 Gross Profit (Loss) 3828.135.23119.594.871 Operational Profit (Loss)... read more
United Wire Factories Company (ASLAK) Invites Its Shareholders To Attend the 15th Ordinary General Assembly Meeting (The First Meeting)
... read more
United Wire Factories Co. announces the distribution of cash dividend for For the first half of the year 2021 AD
Element ListExplanation Introduction United Wire Factories Company (Aslak) announces the decision of the Board of Directors... 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
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 In reference to the announcement by United Wire Factories Company on October 24,... read more