IssuerAnnouncementDetailsV2Portlet
Actions
United Wire Factories Co. announces signing a Memorandum of Understanding with ALRAEDA INDUSTRIAL INVESTMENT Co.
1301
ASLAK
-1.65
%
1445/04/30 14/11/2023 08:06:29
| Element List | Explanation |
|---|---|
| Introduction | United Wire Factories Company Announces the signing of a Memorandum of Understanding with ALRAEDA INDUSTRIAL INVESTMENT Company To potentially acquire a share in the company’s ownership upon reaching a final agreement between the two parties |
| Memorandum Signing Date | 2023-11-13 Corresponding to 1445-04-29 |
| Counterparty | ALRAEDA INDUSTRIAL INVESTMENT Company |
| Memorandum Subject | Understanding to reach a final agreement for United Wire Factories Company to acquire a share of the ALRAEDA INDUSTRIAL INVESTMENT 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 audit |
| Memorandum Duration | This memorandum shall be effective from the date of its signature and for a period of (180) 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 comes as a strategic direction for United Wire Factories Company, which aims to diversify its sources of income and maximize its profitability through diversified investments, and any fundamental developments will be announced later |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
Share
Company Performance
ASLAK
Add To Watchlist
In your Watchlist
Add To Watchlist
Key Parameters
Last Price 18.49
Net Change -0.31 (-1.65%)
Value Traded (Sar) 511,064.79
Volume Traded 27,476
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions