21 Hrs
Source:
الاقتصادية
KaNaouf Offers to Buy United Mining
Knauf International has launched an offer to purchase all shares of United Mining Company, valued at approximately 293.5 million riyals, at a price of 57 riyals per share. This represents a premium of 26.7% over the share's closing price before the announcement. The acceptance period runs until November 4, 2026. This move follows its previous acquisition of 63.2% of the company's shares for 504.49 million riyals. Knauf intends to delist the company after completing the deal and to strengthen its industrial presence in the Saudi market, while committing not to make any substantial changes to the company's operations or staff.
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