- Business
- United Wire Factories Company (ASLAK), founded in 1990 and headquartered in Riyadh, Kingdom of Saudi Arabia, manufactures and markets steel wire products for the industrial, construction, civil, and agricultural sectors. The company produces steel rebars; wire mesh and welded wire mesh rolls; block ladder mesh; common nails, collated nails, and bulk nails; chain link fences; barbed wires; concertina wires; tying wires; baling wires; cloth hangers; staples and clips; black annealed wires; black drawn wires; galvanized wires; PVC coated wires; and deformed wires, serving national and international customers through eight factories and multiple branches across Saudi Arabia while also exporting its products. In late 2024, ASLAK signed a non-binding memorandum of understanding with Al Raeda Industrial Investment Company for a potential acquisition of 40% of Al Raeda's shares via new share issuance, which the parties extended in June 2025 for 184 days until December 31, 2025, to complete due diligence and regulatory requirements; additionally, in November 2025, its board approved cash dividend distributions from retained profits.