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Maaden shareholders approve new board and joint project with Aramco
The Saudi Arabian Mining Company (Ma'aden) announced the election of a new Board of Directors for the upcoming term, which begins on October 25, 2026, and extends for three years. The company also approved the establishment of a joint venture with Saudi Aramco aimed at exploring and developing mineral deposits in the Arabian Shield region. The primary goal of this project is to develop and utilize mineral resources in this area, which is rich in both base and precious metals, with an initial capital of 197.5 million Saudi Riyals. The partnership will be based on commercial standards without any preferential conditions. The decision received strong support from shareholders, amounting to 99.46%. This collaboration aims to enhance the utilization of mineral resources and support the mining sector as a key driver of the national economy.
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