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Al-Massaleh Al-Kobra for Mining (AMAK) announced the termination of its contractual relationship with CEO Jeffrey MacDonald Day and appointed Savas Sahin as the new Managing Director, effective August 13, 2026. Sahin, who has over 28 years of experience in the mining sector, previously held the position of CEO and made significant investments in restructuring the company and developing its mines, as well as playing a role in preparing for the initial public offering. This management change aims to strengthen the company's strategy, with Sahin transitioning to an executive role and becoming a board member.
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