Saudi Arabia’s mining company Maaden has announced a new board of directors headed by the Chairman of Saudi Aramco and Minister of Health Khalid Al Falih.
The new Maaden (profile) board was initiated by the state-owned Public Investment Fund, which replaced its representatives on the board of the company, the Gulf region’s largest miner, in which it owns a 50% stake.
The four new board members are H.E. Eng. Khalid Abdulaziz Al-Faleh (Chairman), Abdullah Mohammed Al-Issa, Lubna Suliman Al-Olayan, and Abdullah Ibrahim Al-Saadan.
Maaden has also appointed independent board members to replace outgoing directors. They are Eng. Azzam Yaser Shalabi, and Dr. Jean Shamo.
The outgoing board members are Mansour Al-Maiman, Mohammed Abdullah Al-Kharashi, Sultan Jamal Shawli, Khalid Hamad Al-Sanani, Abdullah Saif Al Saif and Abdul Aziz Abdullah Sugair. The later two resigned due to ‘special circumstances,’ according to a company statement.