United Wire Factories Company (“ASLAK” or “the Company”) was established as a limited liability Company in 1990. and in the end of the year 2006 , a group of companies and establishments that enjoy extensive experience in wires manufacturing were merged in one new company “ASLAK”, thus enabling the new company to own eight factories distributed across the Kingdom of Saudi Arabia. The merger resulted in a huge hub for production of metal wires, bringing together a wide bundle of products spanning across all civil, agricultural and Industrial Productss. In keeping with its successes, and within a record time, ASLAK was converted in 2008 from a limited liability company into a closed joint stock company, with its head office in Riyadh. The Company was transformed later into a public joint stock company through an Initial Public Offering (“IPO”) following a decision announced by the Capital Market Authority (“CMA”) on June 19, 2011 to have its shares publicly traded in the Saudi Stock Exchange (“Tadawul”).
The purpose of the company is the production and marketing of reinforcing iron bars, rebar netting, straightening and cutting of rebar, fencing nails, wood nails, carpentry, metal clothes hangers, bonding wires (for concrete), metal bonding wires for concrete, coated, drawn and galvanized steel wires, metal tying tapes, wires and plastic tie tapes, oxygen welding wires, industrial pins and fasteners Paper, welding electric rods, barbed wire, rivets, screws, steel, iron hinges, corners, straighteners, melting and rolling iron, importing and exporting similar products and products complementary to the nature of work
Company History
United Wire Factories Company (Aslak) was established as a company with limited liability under Commercial Registry No. 1010079195 on 3/20/1411 AH corresponding to 10/10/1990 AD and in 1426 AH corresponding to 2007 AD, a group of companies and institutions with extensive experience in the field of wire industry was merged, then it turned Aslak to a Saudi joint stock company according to Ministerial Resolution No. (45 / s) dated 2/12/1429 AH corresponding to 2/20/2008 AD, and the company is wholly owned by the private sector
Company Bylaws
Equity Profile
- Authorized Capital (^)280,800,000
- Issued Shares28,080,000
- Paid Capital (^)280,800,000
- Par Value/Share10
- Paid Up Value/Share10
Last Update :2023-08-03
Investment limits
There are no restrictions on the company’s shares according to what is stated in both the rules governing the investment of qualified foreign financial institutions in listed securities and the instructions regulating the foreign strategic investors owning strategic stakes in the listed companies according to the company’s articles of association and the instructions issued by the supervisory and supervisory authorities to which the company is subject.
- Company Details
- BOARD OF DIRECTORS AND SENIOR EXECUTIVES INFORMATION
- Date Established1990/10/10
- Financial Year End31/12
- Listing Date2011/08/21
- External Auditors[RSM Co.]
- ISIN CODESA12RGH0KAH5
- Number of Employees557
Investor Relations
Contact Name:
Shareholder Relation Department
Company Address:
Riyadh – Second Industrial City – Al-Kharj Road
Contact Details:
Telephone: 011-2655556
Fax : 011-2651668
Email : [email protected]
