Maaden shareholders approve new board and Aramco project
The Saudi Arabian Mining Company (Ma'aden) announced the election of a new Board of Directors for the period from 2026 to 2029, following a decisive vote in favor by 90.04% of shareholders. The board members include prominent senior leadership experts. Additionally, the company approved a strategic agreement with Aramco to establish a joint venture focused on exploring and developing mineral resources in the Arabian Shield region, with an initial paid-up capital of 197.5 million Saudi riyals. This initiative is part of Ma'aden's efforts to develop the mining sector and support the national economy through partnership with Aramco and the enhancement of corporate governance.
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