Announcement Regarding a Change in the Ownership of Shares in United Wire Factories Company

ASLAKTadawulJuly 28, 2026View on exchange

AI Summary

Shareholder Mr. Mohammed bin Rashid Mohammed Al-Rasheed transferred 2,200,000 shares in United Wire Factories Company to his son, Mr. Rashid bin Mohammed bin Rashid Mohammed Al-Rasheed.
The transfer was officially notified on July 28, 2026, and was executed as a private family arrangement between descendants.
United Wire Factories Company confirmed that this ownership change will have no impact on its day-to-day operations or operational strategy.

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Announcement Detail	United Wire Factories Company would like to inform its valued shareholders and the investing public that it was officially notified on 28 July 2026 that the shareholder, Mr. Mohammed bin Rashid Mohammed Al-Rasheed, has transferred 2,200,000 of his shares in the Company's share capital. According to the notification received, ownership of these shares has been transferred to his son, Mr. Rashid bin Mohammed bin Rashid Mohammed Al-Rasheed, as part of a private family arrangement for the transfer of ownership between ascendants and descendants. The Company confirms that this share transfer will have no impact on its day-to-day operations or its operational strategy.

Element List

Explanation

Announcement Detail

United Wire Factories Company would like to inform its valued shareholders and the investing public that it was officially notified on 28 July 2026 that the shareholder, Mr. Mohammed bin Rashid Mohammed Al-Rasheed, has transferred 2,200,000 of his shares in the Company's share capital.

According to the notification received, ownership of these shares has been transferred to his son, Mr. Rashid bin Mohammed bin Rashid Mohammed Al-Rasheed, as part of a private family arrangement for the transfer of ownership between ascendants and descendants.

The Company confirms that this share transfer will have no impact on its day-to-day operations or its operational strategy.