Riyadh – Mubasher: Saudi Arabian Mining Company (Ma’aden) recently appointed Yasir bin Othman Al Rumayyan as its new Chairman for a three-year term effective 25 October 2023.
Ma’aden also announced Khalid bin Saleh Al Mudaifer as the Vice Chairman for the same term, according to a bourse filing.
The appointment was first made by the company's ordinary general meeting (OGM) on 25 September 2023, when the new board of directors was also elected.
Al Rumayyan and Al Mudaifer have both assumed their roles for the current board term, which will end on 24 October 2026.
It is worth noting that Ma'aden's financial results for the first nine months (9M) of 2023 showed a decline in net profit, EPS, and revenue.
The net profits after Zakat and tax decreased by 91.73% year-over-year (YoY) to SAR 686.92 million, the EPS went down to SAR 0.19 from SAR 2.25, and the revenues shrank by 31.06% to SAR 21.23 billion.