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Saudi Arabian Mining Company (Ma’aden) Announces the Results of the 11th Ordinary General Assembly Meeting (First Meeting)

Element ListExplanation
City and Location of the General Assembly's Meeting Company Head Quarter in Riyadh
Date of the General Assembly's Meeting 2020-03-15 Corresponding to 1441-07-20
Time of the General Assembly's Meeting 18:30
Percentage of Attending Shareholders 71.50%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees The following Board members attend the meeting:

H.E Yasir O. Al-Rumayyan (Chairman)

H.E. Suliman bin Abdulrahman Al-Gwaiz (Deputy Chairman)

H.E Eng. Abdallah bin Ibrahim Al-Saadan

H.E Eng. Khalid bin Saleh Al-Mudaifer

Dr. Klaus Kleinfeld

Mr. Richard O'Brien

Eng. Abdullah bin Mohammed Al-Issa

Ms. Lubna bint Suliman Al-Olayan

Apologies of not attending the meeting have been received from Mr. Abdallah bin Saleh bin Jum'ah for special Circumstances

Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf Chairman of Audit Committee:

H.E Eng Abdullah bin Ibrahim Al-Saadan

Chairman of Executive Committee:

Mr. Richard O'Brien

Chairman of Remuneration and Nomination Committee:

Eng. Abdullah bin Mohammed Al-Issa

Chairman of Safety & Sustainability:

Mr. Richard O'Brien

Voting Results on the Items of the General Assembly's Meeting Agenda's 1. Approval of the Consolidated Financial Statements for the fiscal year ended on 31 December 2019.

2. Approval of the External Auditors report for the year ended on 31 December 2019.

3. Approval of the Board of directors’ report for the year ended 31 December 2019.

4. Approval of the Board of Directors recommendation to not distribute dividends for the fiscal year ended on 31 December 2019.

5. Approval of the discharge of Board of Directors members from liabilities for their management of the company during the financial year ended 31 December 2019.

6. Approval of the remuneration of the Board of Directors members for the year ended 31 December 2019 as stated in the Board of Directors Report.

7. Approval of the Board of Directors' resolution to appoint Mr. Abdallah bin Saleh bin Jum'ah as an Independent member in the Company’s Board of Directors, effective from 09 January 2020 until the end of the current board term on 24 October 2020G, in replacement of the resigned member Engineer Azzam bin Yasser Shalabi, as per the Company’s announcement on Tadawul’s website dated 09 January 2020.

8. Approval of the Audit committee’s recommendation to appoint a member of the board of directors Mr. Richard O'Brien (Non-Executive member) as a member of the Audit committee starting from December 19, 2019 until the end of the current committee term on October 24, 2020 in replacement of the resigned committee member Engineer / Azzam bin Yasser Shalabi (Independent member), provided that The appointment shall be effective from the recommendation date issued on December 19, 2019 in accordance with the Audit committee Charter.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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