30
May
22:05
Aslak extends A-1 Fence Arabia acquisition evaluation agreement
Saudi Arabia’s United Wire Factories Co. (Aslak) has extended for a further 90 days the memorandum of understanding related to its possible takeover of A -1 Fence Arabia Company for Industry. The original MoU was entered into in February.
Aslak saw first-quarter revenue surge 32% on-year to SAR 298.8 million ($79.7m), while net profit rose 61% to SAR 26m. This was mainly the result of growth in sales volume and came despite the increase in selling and genera…
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Very good overview of the weekly steel market.
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