United Wire Factories Co (1301)

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News

27 March 2024 11:41 AM Aslak’s net profit plummets 64% YoY in 2023

Riyadh – Mubasher: United Wire Factories Company (Aslak) logged a 64.02% year-on-year (YoY) drop in net profit to SAR 20.40 million in 2023 from SAR 56.70 million. Revenues tumbled 22.76% YoY to SAR 792.80 million last year from SAR 1.02 billion, …

Financial Results

7 November 2023 05:41 PM Aslak’s net profits plunge 73% in 9M-23

Riyadh – Mubasher: United Wire Factories Company (Aslak) reported a net profit after Zakat and tax of SAR 12.10 million in the first nine months (9M) of 2023, a 73.29% decrease from SAR 45.30 million in the same period of 2022. The revenues also …

Financial Results

12 April 2022 05:25 PM Aslak appoints new Chairman, Vice Chairman

Riyadh – Mubasher: United Wire Factories Company (Aslak) has named Khaled Saad Al Kanhal as the new Chairman of the board for the coming three years. The Saudi listed company also appointed Rasheed Rashid bin Awain as the Vice Chairman, according …

Corporate Actions

16 March 2022 00:24 PM Aslak extends deal with Themar for possible acquisition

Riyadh – Mubasher: United Wire Factories Company (Aslak) has renewed its non-binding memorandum of understanding (MoU) with Themar for Food and Catering Company to acquire a stake in the catering firm. The two parties extended the deal for 45 days …

Companies Investments

21 February 2022 09:44 AM Aslak signs MoU with UAE's A-1 Fence DMCC for possible acquisition

Riyadh – Mubasher: United Wire Factories Company (Aslak) has signed a non-binding memorandum of understanding (MoU) to acquire a stake in Dammam-based A-1 Fence Arabia, wholly owned by the UAE's A-1 Fence DMCC Company. The possible acquisition …

Mergers and Acquisitions

3 February 2022 06:15 PM Aslak to pay SAR 0.45/shr cash dividend for 2020, H2-21

Riyadh – Mubasher: The board of United Wire Factories Company (Aslak) decided on 31 January to distribute cash dividends worth SAR 15.79 million for 2020 and the second half (H2) of 2021. The Saudi listed company will pay SAR 695,045 of the …

Cash Dividends

20 January 2022 00:15 AM Aslak's net profits down 26% in 2021

Riyadh – Mubasher: United Wire Factories Company (Aslak) recorded a 25.6% year-on-year (YoY) decrease in net profits after Zakat and tax to SAR 46.2 million in 2021 from SAR 62.1 million. Earnings per share was down to SAR 1.32 in 2021, compared …

Financial Results

24 October 2021 06:02 PM Aslak eyes equity acquisition in Themar

Riyadh – Mubasher: United Wire Factories Company (Aslak) has signed a non-binding memorandum of understanding (MoU) with Themar for Food and Catering Company for a potential acquisition of a stake in the catering firm. Aslak said the MoU, which …

Mergers and Acquisitions

29 July 2021 01:52 PM Aslak to distribute SAR 0.75/shr dividend for H1-21

Riyadh – Mubasher: United Wire Factories Company (Aslak) will pay SAR 0.75 per share or 7.5% of the share’s par value as a cash dividend for the first half (H1) of 2021. The company will distribute a total of SAR 26.32 million for 35.1 million …

Cash Dividends

11 July 2021 02:32 PM Aslak posts 11% growth in H1-21 profits

Riyadh – Mubasher: United Wire Factories Company (Aslak) reported a net profit after Zakat and tax worth SAR 30.2 million during the first half (H1) of 2021, higher by 10.6% than SAR 27.3 million in H1-20. Earnings per share amounted to SAR 0.86 …

Financial Results

17 February 2021 09:19 AM Aslak nods to SAR 1/shr dividends for H2-20

Riyadh – Mubasher: United Wire Factories Company’s (Aslak) board approved distributing SAR 35.1 million or SAR 1 per share in cash dividends to shareholders for the second half (H2) of 2020. The distributions represent 10% of the share’s nominal …

31 January 2021 04:37 PM Aslak sees 181% higher profits in 2020

Riyadh – Mubasher: United Wire Factories Company (Aslak) registered net profits of SAR 62.1 million in 2020, up by 181% when compared to SAR 22.1 million in 2019. The higher quarterly earnings were helped by a growth in sales volume and profit …

13 October 2020 09:10 AM Aslak profits leap to SAR 18m in Q3

Riyadh – Mubasher: United Wire Factories Company (Aslak) gained SAR 17.8 million in profits during the third quarter (Q3) of 2020, a surge of 1,518% when compared to SAR 1.1 million in the year-ago quarter, as shown by the company’s estimated …

16 September 2020 09:05 AM Aslak board approves SAR 35.1m dividends

Riyadh – Mubasher: The board of United Wire Factories Company (Aslak) approved distributing cash dividends of SAR 35.1 million to shareholders for the period until the end of 2019 and the first half (H1) of 2020. The approved amount represents SAR …

Cash Dividends

14 September 2020 10:53 AM Tadawul suspends trading on Aslak shares

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) has suspended trading on the shares of United Wire Factories Company (Aslak) for two business days effective from Monday, 14 September. The suspension came after Aslak had announced the end of …

Markets Regulations

14 September 2020 09:09 AM Aslak says creditor objection period ended, capital cut comes into effect

Riyadh – Mubasher: United Wire Factories Company (Aslak) said that the creditor objection period to reduce the company’s capital by 20% has expired on 13 September 2020 and that no objection was received from the creditors during that period. …

16 July 2020 10:45 AM Aslak's shareholders nod to 20% capital cut

Riyadh – Mubasher: The extraordinary general meeting (EGM) of United Wire Factories Company (Aslak) approved the board's proposal to decrease the capital by 20% to SAR 351 million from SAR 438.75 million. The number of the company's issued shares …

Management Decisions

14 May 2020 10:28 AM Aslak posts 50% rise in profits during Q1

Riyadh – Mubasher: United Wire Factories Company (Aslak) reported a 49.5% increase in net profit during the first quarter (Q1) of 2020 to SAR 15.1 million, up from SAR 10.1 million in Q1-19, quarterly interim financial results showed. Growth in …

30 January 2020 11:25 AM Aslak appoints financial advisor for capital cut

Riyadh – Mubasher: United Wire Factories Company (Aslak) announced the appointment of Wasatah Capital as the financial advisor for its planned capital decrease. Wasatah Capital will carry out all the necessary related procedures, according to a …

Management Decisions

14 January 2020 10:28 AM Aslak profits surge 211% in 2019; board recommends capital cut

Riyadh – Mubasher: United Wire Factories Company (Aslak) reported a 211.27% year-on-year (YoY) growth in net profits after Zakat and tax during 2019, as shown by the company’s annual estimated financial results for last year. Profits amounted to …

17 October 2019 10:05 AM Aslak’s net profit hikes 120% in Q3

Riyadh – Mubasher: United Wire Factories Company (Aslak) disclosed its interim financial results for the third quarter of 2019. Net profits after zakat and tax soared 120% to SAR 1.1 million in Q3-19, compared to SAR 500,000 in Q3-18, according to …

Financial Results

18 July 2019 10:34 AM Aslak’s Q2 profit falls 18%; H1 dividends approved

Riyadh – Mubasher: United Wire Factories Company (Aslak) reported a 17.8% year-on-year profit decline during the second quarter of 2019. Net profits amounted to SAR 6 million in Q2-19, compared to SAR 7.3 million in the year-ago period, according …

Cash Dividends

8 April 2019 10:57 AM Aslak’s net profit rises 31% in Q1

Riyadh – Mubasher: United Wire Factories Company (Aslak) on Monday reported a 31.17% quarter-on-quarter profit increase for the first quarter of 2019. Aslak’s net profits surged to SAR 10.1 million ($2.69 million) from January to March 2019, …

Financial Results

26 February 2019 10:13 AM Aslak’s profit plunges 72% in 2018

Riyadh – Mubasher: United Wire Factories Company (Aslak) on Tuesday reported a 72% year-on-year profit decrease during the full-year 2018.  Aslak’s net profits after calculating Zakat and Tax reached SAR 7.11 million ($1.90 million) last year, …

Financial Results

20 September 2018 10:11 AM Aslak appoints new CEO

Riyadh – Mubasher: Saudi Arabia-based United Wire Factories Company’s (Aslak) board of directors appointed Nabil Al Amir as a new CEO, effective as of 16 October to replace Abdul Karim Abdullah Al Shamekh. Al Shamekh resigned for personal reasons, …

Management Decisions