| Element List | Explanation |
| Introduction | Further to the announcement by the United Wire Factories Co. of signing a (non-binding) Memorandum of Understanding on February 20, 2022 AD 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), which is wholly owned by the Company A-1 Fence DMCC (UAE) upon reaching a final agreement between the two parties, and since the announcement states that the term of the memorandum expires after (90) days from the date of signing, subject to extension by agreement of the two parties, the company announces its agreement with A-1 Fence DMCC (UAE) to extend the memorandum according to an annex to the memorandum of understanding for a period of (90) ninety days, subject to extension according to a written agreement between the two parties. |
| Previous Announcement | United Wire Factories Co. announces signing a Memorandum of Understanding with A-1 Fence DMCC (UAE) |
| Date of Previous Announcement on Tadawul's Website | 2022-02-21 Corresponding to 1443-07-20 |
| Percentage of fulfilled achievement | not applicable |
| Event's Expected Completion Date | not applicable |
| Reasons for Exceeding the Announced End Date | not applicable |
| 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 | not applicable |
United Wire Factories 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)
United Wire Factories Co. on 6ix
Story so far
Earlier from United Wire Factories
- United Wire Factories announces its Interim Financial Results for the Period Ending on 2022-03-31 (Three Months)
- United Wire Factories announces its Estimated Interim Financial Results for the Period Ending on 2022/03/31 (Three Months)
- United Wire Factories announces its board of directors’ decision to appoint the board’s chairman and vice-chairman and to form committees
- United Wire Factories Announces the Results of the Ordinary General Assembly Meeting, (First Meeting)
- United Wire Factories announces signing a Memorandum of Understanding with A-1 Fence DMCC (UAE)
Later from United Wire Factories
- United Wire Factories Announces an update on United Wire Factories Co. announces signing a Memorandum of Understanding with Themar for Food and Catering Company (Limited Liability Company)
- United Wire Factories announces its Estimated Interim Financial Results for the Period Ending on 2022-06-30 (Six Months)
- United Wire Factories announces the distribution of cash dividend for For the 1st half of the year 2022 AD
- United Wire Factories announces its Interim Financial results for the Period Ending on 2025-09-30 (Nine Months)
- United Wire Factories: ASLAK) announces the signing of a share purchase agreement for the purpose of acquiring forty percent (40%) of the share capital of Al Raeda Industrial Investment Company (Al Raeda), by way of an increase in ASLAK’s capital through the issuance of new shares (consideration shares) to the Selling Shareholders of Al Raeda (the “Acquisition Transaction”)
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