United Mining Industries Company announced on January 22, 2026, that it received notifications from its Major Shareholders (Al Mojel Trading & Contracting Company, Abdulqader Al Muhaidib & Sons Company, and Rashed Development Company Limited) and Knauf International GmbH regarding a share purchase agreement signed on January 21, 2026. The agreement involves the sale of 8,850,669 shares (63.2% of the company's share capital) to Knauf International for SAR 504,488,133, at SAR 57 per share. Following completion of this private transaction, Knauf International intends to submit an offer to acquire up to 100% of the company's shares at the same price per share, subject to regulatory approvals and other conditions.

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