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)
June 05, 2022 at 02:42 am
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Explanation
Introduction
In reference to the announcement by United Wire Factories Company on October 24, 2021, regardin signing a (non-binding) memorandum of understanding (MOU) with Thimar Food and Catering Company (Themar) for the possible acquisition of a stake in the ownership of Thimar valid for (90) days, renewable by agreement of the two parties, and its announcement on January 18, 2022, extending MOU for additional (60) days, renewable by agreement of the two parties, and its announcement on March 15, 2022 AD extending MOU for additional (45) days, renewable by agreement of the two parties, and its latest announcement on April 28, 2022 AD extending MOU for additional (30) days, subject to renewal by agreement of the parties; United Wire Factories Company, herewith, announces that the MOU with Thimar had concluded without reaching an agreement between the two parties on the acquisition.
Previous Announcement
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 (Limited Liability Company).
Date of Previous Announcement on Tadawul's Website
2022-04-28 Corresponding to 1443-09-27
Percentage of fulfilled achievement
not applicable
Event's Expected Completion Date
The event was completed on the date of this announcement.
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
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Disclaimer
ASLAK - United Wire Factories Company JSC published this content on 05 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 June 2022 06:41:02 UTC.
United Wire Factories Co JSC (Aslak) is a Saudi Arabia-based joint stock company that is engaged in the manufactures and marketing products related to construction and building materials sector, such as reinforcement steel bars, concrete welded mesh, block (ladder) mesh, common nails, chain link fence, barbed wires and tie-wires, as well as to the Civil Sector, such as black annealed baling wires, galvanized & polyvinyl chloride (PVC) coated cloth hangers, bed mesh, staples. The Company operates through its head office and a network of eight branches located across the Kingdom of Saudi Arabia. As of February 12, 2013, Mr. Khalid Saed Abdul Rahman Al Kanhal held 9.2%-stake in the Companyâs capital.
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 COMPANY 