Saudi Arabian Mining Company (Ma’aden) Announces the Reformation of the Audit Committee

Tadawul-

Element List Explanation
Introduction Saudi Arabian Mining Company (Ma’aden) Announces the issuance of the Board of Directors’ resolution on 18/04/2024AD Corresponding to 09/10/1445H regarding the Reformation of the Audit Committee by adding a fourth member to the committee. The reformed committee is to carry out its duties from the date of the issuance of the resolution until the end of the current term of the Board of Directors on 10/24/ 2026, as follows:
1. H.E. Eng. Khalid Al-Mudaifer (Non-executive)

2. Dr. Manar Al-Moneef (Independent)

3. Mr. Mike Cheng (Outside the Board)

4. Mr. Mohammed Al-Arifi (Outside the board)

Element List Explanation
Appointed Member Name H.E. Eng. Khalid Al-Mudaifer (Non-Executive)
Membership Start Date 2023-10-25 Corresponding to 1445-04-10
Brief Resume of the Appointed Member  He holds a Bachelor’s degree in Civil Engineering in 1984 and a Master’s degree in Business Administration from King Fahd University of Petroleum and Minerals in 1986. He has approximately 35 years of experience in the industrial sectors, including more than 25 years in executive and leadership positions.
 He holds the position of Vice Chairman of the Board of Directors of the Saudi Arabian Mining Company (Ma’aden), and Vice Chairman of the Board of Directors of the Saudi Mining Services Company (Esnad).

 He currently holds the position of Deputy Minister of Industry and Mineral Resources since 2018.

The date of the approval by other official authorities Not Applicable.
Element List Explanation
Appointed Member Name Dr. Manar Al-Moneef (Independent)
Membership Start Date 2023-10-25 Corresponding to 1445-04-10
Brief Resume of the Appointed Member  She holds a Master’s degree in medicine from the University of Cambridge in 1998 and a PHD in Medicine from the University of Leicester in 2002 with nearly 20 years of experience in various administrative, executive and investment fields.
 She now holds the position of Chief Investment Officer at NEOM.

The date of the approval by other official authorities Not Applicable.
Element List Explanation
Appointed Member Name Mr. Mike Cheng (Outside the board)
Membership Start Date 2023-10-25 Corresponding to 1445-04-10
Brief Resume of the Appointed Member  He obtained a bachelor’s degree Aerospace System Engineering in 1991 from the University of Southampton, and qualified Chartered Accountant with the Institute of Chartered Accountants in England & Wales. With more than 30 years of experience in the field of auditing.
 He is a member of the Audit Committee at Acwa Power Company, Chairman of the Audit Committee at Savvy Games Group.

 He is currently the Managing Director, Chief Audit Executive at the Public Investment Fund.

The date of the approval by other official authorities Not Applicable.
Element List Explanation
Appointed Member Name Mr. Mohammed Al-Arifi, Member (Outside the board)
Membership Start Date 2024-04-18 Corresponding to 1445-10-09
Brief Resume of the Appointed Member  He holds a bachelor’s degree in accounting from King Saud University in 2000, and holds multiple professional qualifications, including a Saudi certified public accountant from the Saudi Organization for Chartered and Professional Accountants, and a certified public accountant from the American Institute of Certified Public Accountants, with more than 25 years of experience in the fields of Investment, real estate and financial institutions.
 Member of the Board of Directors of Alpha Capital Company, Member of the Board of Directors of Sackville Capital Limited, and Member of the Board of Directors of Wave Media Company. He is also a member of the audit committee in several companies, including the National Water Company and the National Shipping Company of Saudi Arabia.

 He currently holds Group Chief Financial Officer position at Awj Holding Company

The date of the approval by other official authorities Not Applicable.
Element List Explanation
Date of Board Meeting in which Appointed New Member(s) were Appointed 2024-04-18 Corresponding to 1445-10-09