United Mining Industries’ shares recorded today, Jan. 22, their highest level since listing at SAR 52 per share.
Shares of Nomu-listed United Mining Industries Co. (UMI) recorded today, Jan. 22, their highest level since listing at SAR 52 per share. 
The stock gained 11% during today’s session, with nearly 60,000 shares changing hands so far.
According to data compiled by Argaam, the company received notices, on Jan. 21, from its substantial shareholders, who collectively own 63.2% of its share capital. The shareholders signed an agreement to sell all of their shares, totaling 8.9 million in United Mining to Knauf International GmbH for SAR 504.5 million, or SAR 57 per share.
The company listed its shares on the Nomu-Parallel Market in October 2023 at an offering price of around SAR 34 per share, through the offering of approximately 1.75 million shares, representing about 12.5% of its capital.
In April 2025, the board of directors approved the company’s transition from the Nomu-Parallel Market to the Main Market (TASI), and appointed AlKhair Capital as the financial advisor for this purpose.
United Mining Industries’ shares recorded today, Jan. 22, their highest level since listing at SAR 52 per share.
Shares of Nomu-listed United Mining Industries Co. (UMI) recorded today, Jan. 22, their highest level since listing at SAR 52 per share.
The stock gained 11% during today’s session, with nearly 60,000 shares changing hands so far.
According to data compiled by Argaam, the company received notices, on Jan. 21, from its substantial shareholders, who collectively own 63.2% of its share capital. The shareholders signed an agreement to sell all of their shares, totaling 8.9 million in United Mining to Knauf International GmbH for SAR 504.5 million, or SAR 57 per share.
The company listed its shares on the Nomu-Parallel Market in October 2023 at an offering price of around SAR 34 per share, through the offering of approximately 1.75 million shares, representing about 12.5% of its capital.
In April 2025, the board of directors approved the company’s transition from the Nomu-Parallel Market to the Main Market (TASI), and appointed AlKhair Capital as the financial advisor for this purpose.
