Saudi Arabian Mining Company (Maaden) announces that, the Board of Directors resolved on 24/6/2018 that Darren Davis, currently the Companys Senior Vice President Finance and Chief Financial Officer, is appointed as acting Chief Executive officer of the Company, effective of 01/07/2018.The Board of Directors expressed their thanks and appreciation to Mr. Khalid bin Salem Al Rowais, for temporarily assuming the role as acting CEO, and for his efforts throughout his many years at Maaden. Mr. Al Rowais, who is unable to continue in an executive capacity for health reasons, will continue serving the Company as a senior executive advisor. Mr. Davis joined Maaden in 2012 following a 20 year banking career, focused in the natural resources and energy sectors. His experience includes corporate finance, mergers and acquisitions, and strategic advisory. At Maaden, Mr. Davis has held several critical roles including leading the Company fund raising program and playing an integral role in establishing some of its key joint ventures. He was appointed CFO in 2016.
The Saudi Arabian Mining Company (Ma'aden) has named Darren Davis as the company's new acting CEO, stepping in for Khalid bin Salem Al Rowais, who is unable to continue for health reasons. Davis, who took up the role on 1 July, is currently Ma'aden's CFO and has had a 20-year banking career focusing on natural resources and energy.