Aslak Extends Al Raeda Acquisition Deadline to June 2027
Riyadh, Saudi Arabia — United Wire Factories Company (Aslak) has extended the deadline to complete its acquisition of a 40% stake in Al Raeda Industrial Investment Company. The new long stop date is 24 June 2027, pushed back from the original 27 September 2026 cutoff. The deal, signed on 31 December 2025, values the 40% […] The post Aslak Extends Al Raeda Acquisition Deadline to June 2027…
United Wire Factories Company (Aslak) has extended its deadline for acquiring a 40% stake in Al Raeda Industrial Investment Company to June 24, 2027. The original acquisition deadline was set for September 27, 2026. The deal, signed in December 2025, is valued at 92.8 million SAR and will be settled through a capital increase, issuing new Aslak shares to the nine selling shareholders, all members of the Al-Sorayai family.
The transaction still hinges on approval from Saudi Arabia's Capital Market Authority for the capital increase and publication of a shareholders’ circular.
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