Saudi Arabian Mining Company ( Ma’aden) announces that Engr. Azzam bin Yaser Shalabi has resigned from the Board Audit Committee on 19 December 2019. The resignation shall be considered effective on the Board and Committee acceptance date on 19 December 2019.
The Board and the Committee expressed their thanks and gratitude to Engr. Azzam Shalabi for his efforts, valuable contribution and his dedication in achieving the Company’s objectives during his tenure in Committee.
The Audit Committee has appointed Mr. Richard O'Brien (non-executive member of the Board) as a temporary member of the Board Audit Committee. Such appointment will be presented to the General Assembly at its next meeting to ratify it and that the replacement member will complete the term of his predecessor.
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Explanation
Name of Resigning Member
Engr. Azzam bin Yaser Shalabi
Resignation Submission Date
2019-12-19 Corresponding to 1441-04-22
Resignation Effective Date
2019-12-19 Corresponding to 1441-04-22
Reasons for Resignation
Due to his personal circumstances
Resigning Member Start Date
2017-10-25 Corresponding to 1439-02-05
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Explanation
Appointed Member Name
Mr. Richard Obrien
Membership Start Date
2019-12-19 Corresponding to 1441-04-22
Brief Resume of the Appointed Member
He has been a Board member since October 2017, received a bachelor’s degree in Economics from University of Chicago, in 1976G, and a Juris Doctorate in law from Lewis & Clark Law School, United States.
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Explanation
Date of Board Meeting in which Appointed New Member(s) were Appointed
2019-12-19 Corresponding to 1441-04-22
Board Approval
The Audit Committee appointment does not deemed final. Such appointment will be presented to the General Assembly at its first meeting to ratify it.
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