United Mining Reshuffles Board Following Knauf Acquisition

UNITED MINING

UNITED MINING

9583.SA

0.00

United Mining Industries Company announced on May 13, 2026 the resignation of three board members and appointment of two new non-executive board members. The resignations of Ali Bin Salih Al Dakheel (independent), Abdullah Bin Ibrahim Almojel (non-executive), and Abdul Rahman Bin Rashid Al Bluwe (independent) became effective May 12-13, 2026, following the completion of a private transaction where substantial shareholders sold their entire 63.2% stake to Knauf International GmbH. The board appointed Serge Nicolas Bekhaazi and Paul Christopher Button as non-executive members effective May 12, 2026, to complete the current term ending May 29, 2027, subject to approval at the next general assembly meeting.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95351&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.

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