The Competition Authority approves the sale of shares of major shareholders of United Mining to Knauf
United Mining Industries Company took over "United Mining" A no-objection certificate from the General Authority for Competition to complete the private deal related to the sale of all shares of major shareholders in the company to Knauf International GmbH.
The company said, in a statement on the Saudi Tadawul website, that it had received a no-objection certificate in order to complete the economic concentration process between the company and the buyer.
The company explained that the completion of the private deal is still subject to a number of regulatory conditions and requirements, including obtaining regulatory approvals and statements. The necessary non-objection, in addition to the required approvals from third parties.
On January 22, 2026, the company announced that it had received a notification from its major shareholders, in addition to a notification from Knauf International GmbH, indicating the signing of a share sale and purchase agreement to sell all the shares of the major shareholders in United Mining to Knauf International, as part of a special deal.
The company confirmed that it will take the necessary measures to complete the requirements. The transaction, while informing shareholders of any material developments related to it and announcing it in accordance with regulatory requirements.
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