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Saudi Arabian Mining Co. Announces Appointment of a CEO

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Introduction Referring to the announcement of Saudi Arabian Mining Company (Ma’aden) published on Monday 25 June 2018 regarding appointing Mr. Darren Davis as an acting Chief Executive Officer of the Company.

Saudi Arabian Mining Company (Ma’aden) announces that its Board of Directors resolves on Sunday 15 March 2020 to appoint Engr. Mosaed Bin Suleiman Al Ohali as the Company’s Chief Executive Officer effective from 1st April 2020, as the assignment of Mr. Darren Davis will be ended on 31st March 2020. The Board of Directors expressed their sincere thanks and appreciation to Mr. Darren Davis for his efforts during the assignment.

Element ListExplanation
Appointment Type Appointment
Name of the CEO Engr. Mosaed Bin Suleiman Al Ohali
Date of Board Resolution 2020-03-15 Corresponding to 1441-07-20
Start Date 2020-04-01 Corresponding to 1441-08-08
Brief Resume Engr. Mosaed Al Ohali holds a Bachelor's and Master’s degree in Chemical Engineering from King Fahd University of Petroleum and Minerals with the [Honors degree], he completed the Advanced Management Program from Harvard Business School.

He has more than 33 years’ experience in industrial management, where he joined SABIC since 1984 and held several executive positions. He was appointed as Vice President of SABIC Fertilizers Strategic Business Unit, Vice President of the newly formed Specialty Chemicals Strategic Business Unit, Chief Operating Officer and the Managing Director for Chemicals and Intermediates Business in SABIC Europe working in Netherland, EVP Manufacturing & Polymers SBU and SABIC Group CFO. Also, he served on many Companies’ Boards and Governmental and international organizations board membership.

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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