Nabil Al-Amir, CEO of United Wire Factories Co. (Aslak)
United Wire Factories Co. (Aslak) will use a precise financial valuation and comparison between the fair values, in determining the exchange ratio for its potential acquisition of a 40% stake of Al Raeda Industrial Investment Co. 
In a call with Argaam, Aslak CEO Nabil Al-Amir said that the allure of Aslak’s stock after the completion of the deal will depend on the shareholders’ confidence in its success and achieving expected gains, such as improving profitability and expanding market scope.
He explained that this acquisition aims to achieve major strategic objectives, most notably diversifying sources of income by entering different industrial sectors, which reduces dependence on one activity, indicating that the company seeks, through this deal, to enhance profitability by investing in companies with strong financial performance and maximizing shareholders’ returns.
Al-Amir also pointed out that the deal will help Aslak expand into promising markets and achieve sustainable growth, which will strengthen its position in the industrial sector in the Kingdom.
Established more than 20 years ago, Al-Raeda owns three factories in the Western Region, and operates in the aluminum, paper and chemical products sectors.
The company serves broad sectors of local and foreign markets with competitive advantages and high management capabilities, while achieving good and growing returns thanks to its targeted expansion plans, the top executive added.
Aslak recently signed a non-binding memorandum of understanding (MoU) for the potential acquisition of a 40% stake in Al Raeda, according to data available with Argaam.
Nabil Al-Amir, CEO of United Wire Factories Co. (Aslak)
United Wire Factories Co. (Aslak) will use a precise financial valuation and comparison between the fair values, in determining the exchange ratio for its potential acquisition of a 40% stake of Al Raeda Industrial Investment Co.
In a call with Argaam, Aslak CEO Nabil Al-Amir said that the allure of Aslak’s stock after the completion of the deal will depend on the shareholders’ confidence in its success and achieving expected gains, such as improving profitability and expanding market scope.
He explained that this acquisition aims to achieve major strategic objectives, most notably diversifying sources of income by entering different industrial sectors, which reduces dependence on one activity, indicating that the company seeks, through this deal, to enhance profitability by investing in companies with strong financial performance and maximizing shareholders’ returns.
Al-Amir also pointed out that the deal will help Aslak expand into promising markets and achieve sustainable growth, which will strengthen its position in the industrial sector in the Kingdom.
Established more than 20 years ago, Al-Raeda owns three factories in the Western Region, and operates in the aluminum, paper and chemical products sectors.
The company serves broad sectors of local and foreign markets with competitive advantages and high management capabilities, while achieving good and growing returns thanks to its targeted expansion plans, the top executive added.
Aslak recently signed a non-binding memorandum of understanding (MoU) for the potential acquisition of a 40% stake in Al Raeda, according to data available with Argaam.
