Saudi Arabian Mining Co. — Board/Management Information 2016

Apr 28, 2016

SAUDI ARABIAN MINING COMPANY (MAADEN) ANNOUNCES CHANGES IN ITS BOARD OF DIRECTORS

1211 · 28/04/2016 18:59:13 · Announcement #42489 · View on Saudi Exchange

SAUDI ARABIAN MINING COMPANY (MAADEN) ANNOUNCES CHANGES IN ITS BOARD OF DIRECTORS

Saudi Arabian Mining Company (Maaden) announces the following changes in its Board of Directors:

First: Reflecting the Government aspiration to promote further investments in the Kingdoms mining sector, to underscore Maadens position as the leading national mining company, and to help drive change in line with the Government's vision to continue to build and develop the nation economy, the Board of Directors of the Public Investment Fund has decided to replace its representatives Maaden Board Mr. Mansour Bin Saleh Al-Maiman, Mr. Mohammed Bin Abdullah Al-Kharashi, Mr. Sultan Bin Jamal Shawli, and Engr. Khalid Bin Hamad Al-Sanani (non-executive Board members) with following:

1) H.E. Eng. Khalid bin Abdulaziz Al-Faleh

2) Mr. Abdullah bin Mohammed Al-Issa

3) Ms. Lubna bint Suliman Al-Olayan

4) Mr. Abdullah bin Ibrahim Al-saadan

As of the date of 21 Rajab 1437 AH corresponding to April 28, 2016. The appointments will be presented for endorsement at a Shareholders General Assembly. The new Board members will complete their predecessors term.

Second: The acceptance of the resignation of Eng. Abdullah bin Saif Al Saif, and Eng. Abdul Aziz bin Abdullah Sugair (independent members); due to their special circumstances, as of the date 21 Rajab 1437 AH corresponding to April 28, 2016.

Third: The appointment of Eng. Khalid Bin Abdul Aziz Al-Faleh Chairman of the Board of Directors.

Fourth: The appointment of both: Eng. Azzam bin Yaser Shalabi, and Dr. Jean Shamo (independent members), with effect from the date of 21 Rajab 1437 AH corresponding to April 28, 2016.

According to the company article of association, the appointments will be presented for endorsement at a Shareholders General Assembly. The new Board members will complete their predecessors term.

Membership in board committees will be updated to reflect the changes in the Board.

Maaden wishes to expresses its sincere thanks and gratitude to its outgoing Board members for their strong efforts and contributions to Maadens many successes during their time on the Board.

Attached Documents

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