Riyadh – Mubasher: Major shareholders of United Mining Industries Company plan to sell 8.85 million shares, equivalent to 63.20% of the capital, for SAR 504.48 million.
The shareholders will sell their entire stakes in the Tadawul-listed company to Knauf International GmbH at a nominal value of SAR 57 per share, according to a bourse filing.
Subject to regulatory approvals, the private transaction will be executed as a negotiated deal in accordance with the Saudi Exchange’s (Tadawul) procedures.
