Knauf to acquire majority stake in United Mining Industries

Knauf announced the planned acquisition of a 63.2% majority stake in United Mining Industries Company (UMI), a Saudi building materials manufacturer. Knauf intends to later offer to acquire up to 100% of UMI shares.

“Knauf today announced the planned acquisition of a majority stake in United Mining Industries Company (UMI), a leading Saudi-based building materials manufacturer serving Saudi Arabia, GCC and Middle East markets.”prnewswire.com

• 1 source
• prnewswire.comKnauf reinforces long-term commitment to Saudi Arabia through planned acquisition of a majority stake in United Mining Industries CompanyKnauf GroupJan 22, 2026

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