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معلومات مباشر
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معلومات مباشر

2026-11-05T09:02:14.668Z

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Knauf Nears Full Takeover

Knauf Nears Full Takeover

Knauf’s ownership in United Mining Industries has risen to 99.3% after shareholders accepted its offer to acquire 5.05 million shares, representing 36.1% of the company’s capital. The transaction is due to settle by November 18, 2026. The company intends to seek Capital Market Authority approval for a mandatory offer to acquire the remaining 0.7% of the shares at a price of no less than SAR 57 per share. It will also proceed with delisting United Mining Industries’ shares from Tadawul, subject to regulatory approvals and approval by the extraordinary general assembly.

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