AMAK: Appointing Mohmmed Aballala as BOD Chairman and Ibrahim Bin Musallam as Vice-Chairman

Almasane Alkobra Mining Company (AMAK) the “Company” announced on Sunday the Board of Directors’ decision to appoint Eng. Mohmmed Manea Aballala (Non-Executive Member) as Chairman of the Board of Directors, and Mr. Ibrahim Ali Bin Musallam (Non-Executive Member) as Vice-Chairman of the Board.

According to the statement published on “Tadawul”, the Board of Directors decided to form the committees emanating from it according to the approved tasks and powers, and to appoint the Secretary of the Board and the Company’s representatives to the Capital Market Authority and the Saudi Stock Exchange (Tadawul).

This comes in reference to the results of the Ordinary General Assembly Meeting, in which the members of the Company’s Board of Directors were elected for its new term, which begins on January 09, 2025 for a period of four years and ends on January 08, 2029.

The Company also announced the formation of the members of the Audit Committee for the Board of Directors’ term starting from January 09, 2025, for a period of 4 years and ending on January 08, 2029, as follows:

– Mr. Waleed bin Ahmed Bamarouf – Chairman of the Committee (Independent from outside the Board)

– Mr. Abdulsalam bin Abdullah Aldraibi – Member of the Audit Committee (Independent)

– Mr. Mehaideb bin Saleh Almehaideb – Member of the Audit Committee (Independent from outside the Board)

– Dr. Hassan Yassin Altakrouri – Member of the Audit Committee (Non-Executive from outside the Board)