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United Mining Bid Update

United Mining Bid Update

“United Mining” announced the settlement of Knauf’s acquisition offer, the completion of the share allocation, and payment of the amounts due to the selling shareholders on November 8, 2026, increasing Knauf’s ownership from 63.2% to 99.3%. Knauf intends to seek the Capital Market Authority’s approval for a mandatory offer to purchase the shares held by the remaining shareholders for cash consideration of no less than SAR 57 per share. It also intends to seek the delisting of the company’s shares from Tadawul, subject to approval by the Authority and the extraordinary general assembly.

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