Riyadh – Mubasher: Saudi Arabian Mining Company (Maaden) has appointed Yasir bin Othman Al Rumayyan as Chairman of the Board of Directors following a board meeting held on 27 October.
The company also named Khalid bin Saleh Al Mudaifer as Vice Chairman and Effat Saeed Badeeb as Board Secretary.
The appointments follow the ordinary general meeting (OGM) held on 14 October, which elected the board for a new term. This three-year cycle commenced on 25 October 2026 and is scheduled to conclude on 24 October 2029.
The board also finalized the formation of several key committees. Ahmed Abdulaziz Alhakbani was appointed to lead the Nominations and Remunerations Committee, while Mohammed bin Yahya Al Qahtani will chair the Executive Committee.
Ahmed Alsaadi was named Chairman of the Risk, Safety, and Sustainability Committee.
These governance updates align with the start of the new board session to oversee the mining major’s strategic operations through 2029.
In the first half (H1) of 2026, Maaden’s net profit climbed by 9.77% to SAR 3.81 billion, compared to SAR 3.47 billion in H1-25.
