| Element List | Explanation |
|---|---|
| Introduction | Further to the announcement of the United Wire Factories Company (the “Company”) on March 8, 2023, regarding the issuance of a no-objection by the General Authority for Competition regarding the economic concentration process and working to complete the regulatory approvals and fulfill the terms of the share purchase agreement signed with DMCC Company (UAE) to acquire a percentage 30% of the capital of A-1 Fence Arab Industrial Company; The company is pleased to announce to its esteemed shareholders the completion of the acquisition deal and the transfer of the acquired shares to the company as of October 2, 2023, for an amount of (281,400) (two hundred and eighty-one thousand and four hundred Saudi riyals). |
| Previous Announcement | 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) wholly owned by A-1 Fence DMCC (UAE) |
| Date of Previous Announcement on Tadawul’s Website | 2023-03-08 Corresponding to 1444-08-16 |
| Percentage of fulfilled achievement | 100% |
| Event’s Expected Completion Date | not applicable |
| Reasons for Exceeding the Announced End Date | The end date of the event has been extended to fulfill all the conditions of the share purchase agreement with the relevant regulatory authorities |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | not applicable |
| Impact of the Delay on the Company’s Financial Results | not applicable |
| Additional Information | There are no related parties regarding the agreement mentioned in the announce |
Related Posts
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
ASLAK’s CEO Interview with CNBC Arabia regrading the process of reducing the company’s capital
https://unitedwires.com.sa/wp-content/uploads/2023/08/CNBC03082023.mp4 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 the Date of Depositing the Compensation Amounts for the Written-off Shares Resulted from the Reduction of the Company’s Capital (that Exceeds the Company’s Need)
... 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
United Wire Factories Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)
Element List
Explanation
Introduction
The Board of Directors of United Wire Factories Co. is pleased to invite the valued shareholders to... read more
Supplementary Announcement from United Wire Factories Company Regarding an Attachment to the General Assembly Announcement.
Element List
Explanation
Introduction
The announcement inviting shareholders to attend the Ordinary General Assembly Meeting did not include the Audit Committee... read more
United Wire Factories Co. announces the distribution of cash dividend for the second half of the year 2020 AD
Element ListExplanation Introduction United Wire Factories Company (Aslak) announces the decision of the Board of Directors... read more
ASLAK CEO: Ramped up operating rates to maintain market share
United Wire Factories Co. (Aslak) decided to boost operating rates in 2025 to maintain its market share and absorb fixed... read more
An addendum announcement from the United Wire Factories Company regarding its previous announcement inviting its shareholders to attend the 16th Extraordinary General Assembly Meeting (the first meeting)
Element ListExplanation Introduction A reference to the company's announcement containing the invitation to attend the sixteenth... read more
