Thursday, July 25

Logo ofUnited Wire Factories Co. (Aslak)

Shareholders of United Wire Factories Co. (Aslak) approved, on Aug. 2, the board’s proposal for reducing the company’s excess capital by 20% to SAR 280.8 million from SAR 351 million.

In a statement to Tadawul, the company said the capital reduction will be financed from its internal resources…
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