United Mining closes at all-time high

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) rose by 12% today, Jan. 22, closing at SAR 50.20 apiece — the highest since listing.

The stock hit its intraday high of SAR 52.

Nearly 436,900 shares changed hands at a total value of SAR 21.9 million, through 552 transactions.

On Jan. 21, UMI’s major shareholders, who collectively own 63.2% of capital, notified the company of their agreement to sell all their shares to Knauf International GmbH. They will divest 8.9 million UMI shares for SAR 504.5 million, or SAR 57 per share, Argaam earlier reported.

UMI listed on the Nomu-Parallel Market in October 2023, at an offering price of around SAR 34 per share. The company offered 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 Nomu to the Main Market (TASI), and appointed AlKhair Capital as financial advisor.