Element List | Explanation |
---|---|
Announcement Detail | With regards to the announcement of United Wire Factories Co. on Thursday on 04/09/1444 AH corresponding 11/03/2022 published on the Tadawul website regarding the Board’s Recommendation to Decrease the Company’s Capital from SAR (351,000,000) to SAR (280,800,000) SAR, and as referring to the announcement of United Wire Factories Co. on Wednesday 10/05/2023 published on the Tadawul website which included the announces of the CMA’s approval on the Capital Reduction request of the Company on Tuesday 05/09/2023.
For this reason, United Wire Factories Co. has announced the start of the (Creditors’ Objection Period) in accordance with the provisions of Article (135) of the Companies Law. Accordingly, any creditor of United Wire Factories Co. has the right to object to the reduction process during the Objection Period by sending a registered Riyadh – Second Industrial City – Al-Kharj Road (P.O. Box 355208 – Riyadh 11383). The (Creditors’ Objection Period) will start from Thursday on 10/28/1444 AH corresponding to 05/18/2023 AD for a period of forty-five (45) days ending at the Saturday of 12/13/1444 AH corresponding to 07/01/2023 AD. The process of reducing the capital is subject to the approval of the company’s extraordinary general assembly, which is scheduled to be held after the end of the creditors’ objection period referred to above. For more details about the capital reduction process, please read the (Shareholders’ Circular) issued by United Wire Factories Co. |
Related Posts
United Wire Factories Co. Announces an update on United Wire Factories Co. announces signing a Memorandum of Understanding with ALRAEDA INDUSTRIAL INVESTMENT Co.
Element ListExplanation Introduction In addition to the announcement by the United Wire Factories Company of signing... read more
United Wire Factories Company (ASLAK) Invites Its Shareholders To Attend the 14th Ordinary General Assembly Meeting (The First Meeting)
Element ListExplanation Introduction The Board of Directors of Union Wire Factories Company is pleased to invite... 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 signing a Memorandum of Understanding with Themar for Food and Catering Company (Limited Liability Company)
Element ListExplanation Introduction United Wire Factories Company announces the signing of a (non-binding) Memorandum of Understanding with Themar... read more
United Wire Factories Co. announces its Annual Financial Results for the Period Ending on 2019-12-31
ELEMENT LIST
CURRENT YEAR
PREVIOUS YEAR
%CHANGE
Sales/Revenue
724.4
535
35.401
Gross Profit (Loss)
61.6
46.1
33.622
Operational Profit (Loss)
32.9
17
93.529
Net Profit (Loss) after Zakat and Tax
22.1
7.1
211.267
Total Comprehensive Income
23.2
7.6
205.263
Total Share Holders Equity (after... read more
Announcement Details United Wire Factories Company Announces the Execution of a Non-Binding Agreement in connection with the Acquisition of forty percent (40.0%) of Issued Shares in Al Raeda Industrial Investment Company, in return for Issuing New Shares for the Selling Shareholders of Al Raeda Industrial Investment Company in United Wire Factories Company
Element ListExplanation Introduction With reference to United Wire Factories Company's ("ASLAK" or the "Company") announcement dated... read more
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)
Element ListExplanation Introduction Further to the announcement of the United Wire Factories Company (the “Company”) on... read more
United Wire Factories Co. announces its Estimated 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... 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 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