Aslak products

United Wire Factories Co. (Aslak) announced today, Aug. 18, the signing of a share purchase agreement (SPA) for the acquisition of 30% of UAE-based A-1 Fence DMCC Co.’s wholly-owned subsidiary, A-1 Fence Arabia for Industry. 

 

In a bourse filing, Aslak said the deal is subject to several conditions that must be met by Oct. 30, 2022.

 

Its completion is also still conditional on the approval of the General Authority for Competition (GAC) and other relevant regulatory authorities.

 

There are no related parties, the cable producer added.

 

Last June, Aslak announced extending for 90 days a non-binding memorandum of understanding (MoU) with A-1 Fence DMCC Co. for the possible acquisition of A-1 Fence Arabia for Industry. The MoU was first signed in Feb. 2022, Argaam previously reported.

 

For More Mergers and Acquisitions

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

Aslak extends MoU to buy stake in A-1 Fence Arabia
Aslak signs non-binding MoU to acquire stake in A-1 Fence Arabia

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request