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Aslak Extends Deadline for Al Raeda Industrial Investment Transaction

MT Newswires·10/13/2026 03:20:21
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03:20 AM EDT, 10/13/2026 (MT Newswires) -- United Wire Factories (SASE:1301), d/b/a Aslak, agreed to extend the long stop date for its share purchase agreement to buy a 40% stake in Al Raeda Industrial Investment. The extension of the long stop date to June 24, 2027, aims to give the steel wire products manufacturer additional time to complete the remaining requirements of the deal, according to a Tuesday release.