Riyadh – Mubasher: United Mining Industries Company has issued an addendum confirming that Knauf International GmbH has completed a private transaction involving the company’s shares.
Following this development, Knauf is now considering a formal acquisition offer for up to 100% of the remaining shares of United Mining Industries, according to a bourse filing.
If this potential takeover deal is completed, it will be a move that could eventually lead to the delisting of United Mining Industries from the Saudi Exchange (Tadawul).
The listed company under the ticker 9583 provided this update as a continuation of its announcement made on 13 May 2026 regarding the receipt of a notification from Knauf of the completion of the private transaction. While this specific transaction has concluded, it serves as a precursor to a potential broader acquisition strategy currently being reviewed by Knauf.
Currently, Knauf International GmbH expressed its intention to submit an offer to acquire all remaining shares of United Mining Industries that it does not already own.
However, the company noted that the specific terms, conditions, and procedures associated with this potential takeover bid are still being discussed.
As of the current date, no final decision has been made regarding the definitive submission of the offer, and the details remain subject to further internal deliberation by Knauf.
The process for the potential acquisition will follow established regulatory protocols.
A key element of the current discussions involves the future listing status of United Mining Industries. The disclosure states that Knauf currently intends to pursue the delisting of the company from Tadawul upon the successful completion of the acquisition.
Meanwhile, any such action of delisting would be contingent on obtaining the necessary regulatory approvals from the relevant Saudi authorities and complying with all applicable laws and regulations.
United Mining Industries has stated that there is no immediate financial impact resulting from this addendum. The company has committed to keeping the market and its shareholders informed of any significant developments.
The company concluded that further announcements will be made in accordance with the disclosure requirements of the Capital Market Authority (CMA) and Tadawul as the situation progresses.
Earlier in 2026, United Mining Industries announced its plan to sell 8.85 million of its share capital.
