Knauf Lifts United Mining Stake to 99.3%
Riyadh, Saudi Arabia — Knauf International GmbH has completed settlement of its tender offer for United Mining Industries Company, lifting its ownership stake from 63.2% to 99.3% after paying 57 SAR per share to accepting shareholders. Settlement and share allocation were finalized on November 8, 2026. The tender offer closed after United Mining Industries published […] The post Knauf Lifts…
Riyadh, Saudi Arabia — Knauf International GmbH finalized its acquisition of United Mining Industries Company, increasing its stake from 63.2% to 99.3% following a tender offer. Accepting shareholders received 57 SAR per share for their shares on November 8, 2026, after the offer was announced on September 27, 2026. Knauf now seeks to complete the acquisition through two avenues: filing a mandatory offer with the Capital Market Authority and delisting the company from the Saudi Exchange (Tadawul).
Both processes depend on regulatory approval. Remaining minority shareholders, with less than 1% ownership, are subject to the mandatory buyout at the minimum of 57 SAR per share if the compulsory offer is accepted. Delisting would remove any secondary market liquidity for the minority interest, making the mandatory offer the final exit opportunity.
Investors should closely monitor CMA announcements for updates on the mandatory offer and delisting timeline.
Written by urgent.news from The Saudi Standard's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
