Knaouf Advances in Al-Mutahida Deal
Knaauf International, the German company, is aiming for a full takeover of Al-Motahida Mining Industries in Saudi Arabia through a cash offer to purchase the remaining shares owned by the public shareholders. The total value of the deal is estimated at approximately SAR 293.5 million, at a price of SAR 57 per share, which is the same price the company paid in May 2026 to acquire stakes from major shareholders. This acquisition follows the German company's previous holding of a controlling 63.2% stake valued at SAR 504.5 million, bringing the overall deal value to around SAR 798 million. The move is intended to exit the Saudi company's listing from the Nomu Parallel Market. The current offer reflects a premium of 26.7% over the company's share price prior to the announcement and represents a strategic step to extend Knaauf’s presence in the Saudi market.
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