United Mining Industries Updates Knauf Tender Offer Status

UNITED MINING

UNITED MINING

9583.SA

0.00

On May 20, 2026, United Mining Industries Company announced an addendum regarding Knauf International GmbH's completion of a private transaction, following up on its previous announcement from May 13, 2026. The company clarified that terms and conditions for Knauf's planned tender offer to acquire up to 100% of remaining company shares are still under discussion and will be announced later. Knauf intends to seek delisting of the company after completing the tender offer, subject to regulatory approvals. The announcement indicates no current financial impact from these developments.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95572&anCat=1&cs=9583&locale=ar

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.

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