Riyadh – Mubasher: Saudi Arabian Mining Company (Ma’aden) announced the results of its Ordinary General Assembly meeting held on 14 October 2025, with a shareholder attendance rate of 72.99%, according to a bourse filing.
Shareholders approved the election of board members for a new three-year term commencing on 25 October 2026 and concluding on 24 October 2029.
The elected board includes Yasir bin Othman Al Rumayyan as the Chairman, Khalid bin Saleh Al Mudaifer as the Vice Chariam, and Robert Wilt, among others.
Joint Venture with Aramco
The assembly also ratified a shareholders' agreement between the subsidiary Maaden Gold & Base Metals Holding Company and Saudi Aramco Development Company, a wholly owned firm by the listed Saudi Arabian Oil Company (Aramco).
The agreement establishes a joint venture (JV) to develop mineral resources in the Arabian Shield with an initial paid-up capital of SAR 197.50 million. The transaction involved indirect interests for board members Al Rumayyan and Mohammed bin Yahya Al Qahtani due to their roles at Saudi Aramco.
Voting results showed 99.46% approval for the JV agreement, while 0.00% voted against and 0.54% abstained.
The board election item received 90.04% of votes distributed among candidates, with 9.96% abstaining.
The meeting was conducted via modern technology from the company's headquarters in Riyadh.
