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Ma'aden shareholders approve new board and joint Aramco project
Ma’aden announced the appointment of a new Board of Directors for the upcoming term, which will commence on October 25, 2026, and continue until October 24, 2029. The company also approved a joint venture with Saudi Aramco to develop mineral resources in the Arabian Shield region. Voting results showed strong investor support, with 90.04% approval for the new members. Additionally, an agreement was reached to establish a joint venture with an initial capital of 197.5 million Saudi Riyals, focusing on exploiting minerals in the region rich in natural resources. This step aligns with the company’s efforts to enhance governance and increase exploration and mining activities in collaboration with major national companies, aiming to achieve the mining sector’s goals as a key pillar of the national economy.
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