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Saudi Arabian Mining Company (Ma’aden) Announces Resignation of a Board Member.

Element ListExplanation
Introduction Saudi Arabian Mining Company (Ma’aden) announces that Engr. Azzam bin Yaser Shalabi, an independent Board member, and Nomination and Remuneration Committee member, has resigned from the Company’s Board of Directors on 19 December 2019. He has also resigned from the Nomination and Remuneration Committee on 19 December 2019. The resignations shall be considered effective on the Board acceptance date of 19 December 2019.

Ma’aden Board of Directors expressed its thanks and gratitude to Engr. Azzam Shalabi for his efforts, valuable contribution and his dedication in achieving the Company’s objectives during his tenure on the Board and the committee.

Element ListExplanation
Resigning Member Name Engineer Azzam bin Yaser Shalabi
Membership Type Independent
Resignation Submission Date 2019-12-19 Corresponding to 1441-04-22
Resignation Acceptance Date 2019-12-19 Corresponding to 1441-04-22
Resignation Effective Date 2019-12-19 Corresponding to 1441-04-22
Membership Starting Date for the Resigning Member 2017-10-25 Corresponding to 1439-02-05
Reasons of Resignation Due to his personal circumstances

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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