Riyadh - Mubasher: United Mining Industries Company announced, on behalf of Knauf International GmbH (Knauf), that Knauf has formally declared its firm intention to submit a tender offer to acquire up to 100% of the remaining shares in United Mining.
This move follows the completion of Knauf’s previously announced private transaction, according to a bourse filing.
In January 2026, major shareholders of United Mining Industries announced plans to sell 8.85 million shares, representing 63.20% of the company’s capital, in a transaction valued at SAR 504.48 million.
