| Element List | Explanation |
|---|---|
| Introduction | With reference to the United Mining Industries Company (the "Company") announcement dated 03/08/1447H (corresponding to 22/01/2026G) in relation to the notifications received from the Company’s then substantial shareholders, being: Al Mojel Trading & Contracting Company (Closed Joint Stock Company), Abdulqader Al Muhaidib & Sons Company (Closed Joint Stock Company), and Rashed Development Company Limited (Single Person LLC) (the "Substantial Shareholders") and from Knauf International GmbH ("Knauf") in connection with entry by the Substantial Shareholders and Knauf into a share purchase agreement dated 02/08/1447H (corresponding to 21/01/2026G) (the "Agreement") for the sale of the entire shares held by the Substantial Shareholders in the Company, comprising eight million, eight hundred fifty thousand, six hundred sixty-nine (8,850,669) ordinary shares, representing 63.2% of the total share capital of the Company, to Knauf, for an aggregate value of five hundred four million, four hundred eighty-eight thousand, one hundred thirty-three Saudi Riyals (SAR 504,488,133), at a price of fifty-seven Saudi Riyals (SAR 57) per share, pursuant to a private sale and purchase transaction (the "Private Transaction"). Pursuant to Article (24)(b) of the Merger and Acquisitions Regulations, the Company hereby announces that it has been notified by Knauf that the Private Transaction was completed on 25/11/1447H (corresponding to 12/05/2026G), following satisfaction of its conditions and regulatory requirements and receipt of the relevant approvals, including the no-objection in respect of the Private Transaction and the approvals required from relevant third parties. For further details on the result of the completion of the Private Transaction, including Knauf’s Ownership Before and After Completion of the Private Transaction, Purchase Method and Price per Share, Parties to the Private Transaction and the Purpose of the Private Transaction and Knauf’s Future Plans in Relation to the Company’s Business, Shareholders (including with respect to the Tender Offer) and Employees, please refer to the document attached to this announcement. Disclaimer: There can be no assurance that the Tender Offer will be launched or completed. Shareholders are advised not to take any investment decisions in relation to the Tender Offer until it is formally launched, the full details of the Tender Offer are disclosed, and the relevant information is made available when the regulatory documents are published. |
| Previous Announcement | Announcement from United Mining Industries Company Regarding Receiving Notifications from its Substantial Shareholders and Knauf International GmbH on the Signing of Share Purchase Agreement with Knauf International GmbH for the sale of the entire shares held by the Substantial Shareholders in United Mining Industries Company to Knauf International GmbH |
| Date of Previous Announcement on Saudi Exchange’s Website | 2026-01-22 Corresponding to 1447-08-03 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The Private Transaction has been completed. |
| Reasons For The Delay on The Date of The Event Previously Announced | Not applicable. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not applicable. |
| Delay consequences on the Company’s financial results | Not applicable. |
| Additional Information | attached |
| Attached Documents | Attached Documents |