| Element List | Explanation |
|---|---|
| Action Type | Decrease |
| Introduction | With reference to the announcement of the Union Wire Factories Company on 16/01/1445 AH corresponding to 03/08/2023 AD of the approval of the sixteenth extraordinary general assembly on the capital reduction process and the enforcement of the decision to reduce the company’s capital, the company announces that the fractional sale has been completed The shares resulting from the reduction of the company’s capital, and the date of depositing the amounts returned from their sale in the investment portfolios and accounts of eligible shareholders will be according to the information below. |
| Fractional Shares Selling End Date | 2023-08-08 Corresponding to 1445-01-21 |
| Number of Sold Shares | 3398 |
| Fractional Shares Sales Revenue | 95,996.32 SAR |
| Average Selling Price per share | 28.30 SAR |
| Date of Depositing Fractional Shares Sales Revenue in the Bank Accounts of Eligible Investors | 2023-08-15 Corresponding to 1445-01-28 |
| Name of /Method of Contacting the Entity in Charge of Distributing the Fractional Shares Sales Revenue | The proceeds of fractional shares will be deposited directly into the investment portfolios of the eligible shareholders. In case of any inquiries, please contact the Investor Relations Department:
• Tel. 0112655556 Ext. 1713 • Email IR.1301@unitedwires.com.sa |
| Additional Information | The company requests its honorable shareholders to update their data and ensure that their bank account numbers and the IBAN number attached to their investment portfolios are linked to ensure depositing the proceeds of selling fractional shares in their bank accounts. |
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