Maaden elects board members

Saudi Arabian Mining Co.’s (Maaden) ordinary general assembly on Sunday elected board members for the upcoming three-year term starting Oct. 25, 2017, the company said in a bourse statement.

The new board will include Khalid Al-Falih, Abdullah Al-Saadan, Klaus Kleinfeld, and Richard O’Brien as representatives of the Public Investment Fund (PIF).

The board will also include Suliman Al-Gwaiz as representative of the General Organization for Social Insurance (GOSI), in addition to Abdullah Al-Eisa, Lubna Al Olayan, Azzam Shalabi, and Khalid Bin Al-Mudaifer.

Shareholders also approved the formation of the audit committee, which will include Abdullah Al-Saadan, Azzam Shalabi, Khalid Al Sunani, and Walid Shukri. Al-Saadan will serve as chairman of the committee.