Logo of United Wire Factories Co. (Aslak)
United Wire Factories Co. (Aslak) said that work is underway to obtain regulatory approvals for acquiring a 30% stake in A-1 Fence Arabia for Industry.
Any updates in this regard will be disclosed in a timely manner, the company said in a statement on Tadawul.
In August, Aslak signed 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, according to data compiled by Argaam.
The deal is subject to the approval of the General Authority for Competition (GAC) and other relevant regulatory authorities.
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