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Production of metal wires.
Overview
United Wire Factories Co. (Aslak) was established in 1990 as a limited liability company under the name “Gulf Wires Co. Ltd”, with capital of SAR 150,000. The company’s core activities include producing and marketing of iron products including steel rebar, wire mesh, PVC coated wires, which are used in construction and building materials sector, agriculture sector and civil sector.
Basic Information
City: | Riyadh |
Country | Saudi Arabia |
Ownership Type: | Joint Stock |
Establishment Date: | 1990 |
Commercial Register: | 1010079195 |
Website: | www.unitedwires.com.sa |
IR.1301@unitedwires.com.sa | |
Phone | +966 11 265 5556 |
Fax | +966 11 265 1668 |
Address | Al-Kharj Rd - Second industrial city - Riyadh 11383 |
PO Box | 355208 |
Argaam Classification
Financials Highlights (M )
Company Size
Trading Data
Stock Market : | TASI |
Fiscal Year End : | December |
Free Float (M) : | 25.75 |
Free Float % : | 91.70 |
Weight in Index % : | 0.04 |
3M Average Volume : | 375,145 |
3M Average Transactions : | 1,033 |
Change(12M) % : | 12.28 |
Major Shareholders
Name | Number of Shares (M) | Holding |
---|---|---|
Mohammed Rashid Mohammed Al Rashid | 3.44 | 12.25 % |
Khaled Saad Abdelrahman Al Kanhal | 1.97 | 7.00 % |
Ahmad Racheed Mohamad Alracheed | 1.50 | 5.34 % |
Subsidiaries & Associates
Company | Country | Percentage |
---|---|---|
A-1 Fence Arabia for Industry | UAE | 30.00 % |
Milestones
02-08-2023
13-09-2020
10-04-2013
Raised capital to SAR 390 million by a 20% bonus share issue
21-08-2011
Floated on Saudi stock market (Tadawul)
20-02-2008
It was converted into a closed joint stock company with a capital of SAR 206,5000
15-04-2007
Raised capital to SAR 206.5 million through Retained earnings
2007
Aslak acquired two factories (Al Saghyir for Hangers and Al Saghyir for Wire Drawing Company) from Al Saghyir Trading and Contracting Company
12-12-2006
The company’s name was changed to “United Wire Factories Co."
2006
United Wire Factories Co. (Aslak) formed by merger of three firms
1996
The company launched the galvanizing production line
10-10-1990
United Wire Factories Co. (Aslak) was formed as a limited liability company, with a capital of SAR 150,000 under the name “Gulf wires Co. Ltd"
1990
The company started the production of the baling wires as its main product
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