| Element List | Explanation |
|---|---|
| Introduction | With reference to United Mining Industries Company’s (the “Company”) announcement published on the Tadawul website on 03/08/1447H corresponding to 22/01/2026 regarding the Company’s receipt of notifications from its substantial shareholders (the “Major Shareholders”) and Knauf International GmbH (the “Purchaser”) on the Signing of Share Purchase Agreement with the Purchaser for the sale of the entire shares held by the Major Shareholders in the Company to the Purchaser (the “Private Transaction”). The Company is pleased to announce to its shareholders that the General Authority for Competition (GAC) has issued its non-objection certificate in relation to the Private Transaction on 10-03-2026 |
| 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 Company received on 10 March 2026 the Non-Objection Certificate from the General Authority for Competition regarding the economic concentration transaction between the Company and the Purchaser. The Company would like to note that the completion of the Private Transaction remains subject to certain conditions and regulatory requirements that need to be satisfied, including obtaining the necessary regulatory approvals and non-objections on the Private Transaction, as well as third party consents. The Company will take the necessary actions and will keep its shareholders informed of any material developments in this regard. Any further announcements will be made in accordance with the applicable regulatory requirements. |
| 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 |