United Wire Factories Co. Announces an update on United Wire Factories Co. announces signing a Memorandum of Understanding with ALRAEDA INDUSTRIAL INVESTMENT Co.

United Wire Factories Co. Announces an update on United Wire Factories Co. announces signing a Memorandum of Understanding with ALRAEDA INDUSTRIAL INVESTMENT Co.

Element List Explanation Introduction In addition to the announcement by the United Wire Factories Company of signing a memorandum of understanding on 13 November 2023 with Al-Raeda Industrial Investment Company for the potential acquisition of a share in the ownership of the company upon reaching a final agreement between the two parties, and since the announcement indicates the expiry of the duration of the memorandum after (180) days from the date of signing, subject to extend by agreement of the two parties, the company announces its agreement with Al-Raeda Industrial Investment Company to extend the memorandum according to an annex to the memorandum of understanding for a period of (180) days, which can be extended according to a written agreement between the two parties. Previous Announcement United Wire Factories Co. announces signing a Memorandum of Understanding with ALRAEDA INDUSTRIAL INVESTMENT Co. Date of Previous Announcement on Saudi Exchange’s Website 2023-11-14 Corresponding to 1445-04-30 Hyperlink to the Previous Announcement on the Saudi Exchange Website Click Here Latest Developments