Maaden shareholders elect board members for the upcoming term
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Saudi Arabian Mining Co.’s (Maaden) shareholders approved, during an ordinary general assembly meeting (OGM) held on Oct. 22, the election of the board of directors for the next term, starting today, Oct. 25, 2020, and ending on Oct. 24, 2023, the company said in a bourse statement.
The elected board members include six representatives of the Public Investment Fund (PIF), namely Yaser Othman Al-Rumayyan, Khalid Bin Saleh AlMudaifer, Richard O’Brien, Samuel Walsh, Ganesh Kishor, and Mohammed bin Yahya Al-Qahtani.
Also elected to the board are Suliman bin Abdulrahman AlGwaiz, Abdulaziz bin Saleh AlJarbou, Abdullah bin Saleh bin Juma’ah, Nabilah bint Mohammed AlTunisi, and Mosaed bin Sulaiman AlOhali.
Shareholders approved the appointment of Mosaed Sulaiman Al Ohali as executive director, effective from April 1, 2020, to complete the board term until Oct. 24, 2020.
Meanwhile, they ratified the formation of the audit committee and its functions, controls and member remuneration for the new term, starting today, Oct. 25, 2020, and ending on Oct. 24, 2023. The members include Suliman bin Abdulrahman AlGwaiz (chairman), Khalid bin Saleh AlMudaifer, Walid bin Ibrahim Shukri, and Mike Cheng.