Logo ofUnited Wire Factories Co.
United Wire Factories Co. signed a share purchase agreement (SPA) on Dec. 31, to acquire a 40% ownership stake in Al Raeda Industrial Investment Co. from the following selling shareholders: Mohammed Al-Sorayai, Saleh Al-Sorayai, Abdulaziz Al-Sorayai, Nafe’ Al-Sorayai, Mohammed Al-Sorayai, Ibrahim Al-Sorayai, Hamad Al-Sorayai, Abdulaziz Al-Sorayai, and Mansour Al-Sorayai.
The acquisition will be completed through the issuance of new shares (consideration shares) in Aslak to the selling shareholders.
Logo ofUnited Wire Factories Co.
United Wire Factories Co. signed a share purchase agreement (SPA) on Dec. 31, to acquire a 40% ownership stake in Al Raeda Industrial Investment Co. from the following selling shareholders: Mohammed Al-Sorayai, Saleh Al-Sorayai, Abdulaziz Al-Sorayai, Nafe’ Al-Sorayai, Mohammed Al-Sorayai, Ibrahim Al-Sorayai, Hamad Al-Sorayai, Abdulaziz Al-Sorayai, and Mansour Al-Sorayai.
The acquisition will be completed through the issuance of new shares (consideration shares) in Aslak to the selling shareholders.
