This transaction reflects Knauf's commitment to supporting industrial growth, sustainable development, and the ambitions of Saudi Vision 2030 through innovative building materials and solutions.

Congratulations to our client and UMI on reaching this important step.
 
The AS&H Clifford Chance team was led by Partner and Head of Capital Markets Mansoor Alhagbani, Partner Sahel Mughal and Counsel Haifa Aldamegh, together with Senior Associate Ibrahim Al-Mansour, and Associates Marwan Alamoudi, Leen Kayali, Modi Alnafea, Ibrahim Alshutwi, and Zyad Alabduljabbar.
 
This significant milestone proudly continues our firm's track record of advising on major strategic investments in listed companies by foreign investors, including most recently when we advised Cenomi Retail and its selling shareholders on a 49.95% acquisition by Al Futtaim, together with the associated debt restructuring.
 
Our firm continues to be recognised for its leading position in the Saudi market, with our corporate, M&A and capital markets practices being ranked as #1 across all major legal directories, such as Chambers, Legal 500 and IFLR1000