Ma’aden Announces Audit Committee Restructuring

Saudi Arabian Mining Company (Ma’aden) announced on Sunday the resolution passed by the Board of Directors on April 18, 2024, regarding the reformation of the Audit Committee. The committee, now expanded to include a fourth member, will perform its duties from the date of the resolution’s issuance until the end of the current Board of Directors’ term on October 24, 2026. The restructured committee members are as follows:

1. H.E. Eng. Khalid Al-Mudaifer (Non-Executive)

• Holds a Bachelor’s degree in Civil Engineering and a Master’s degree in Business Administration.

• Vice Chairman of the Board of Directors of Ma’aden and Vice Chairman of the Board of Directors of Esnad.

• Currently serves as Deputy Minister of Industry and Mineral Resources.

2. Dr. Manar Al-Moneef (Independent)

• Holds a Master’s degree and a PHD in Medicine.

• Chief Investment Officer at NEOM.

3. Mr. Mike Cheng (Outside the Board)

• Bachelor’s degree in Aerospace System Engineering and a qualified Chartered Accountant.

• Managing Director, Chief Audit Executive at the Public Investment Fund.

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

• Holds a bachelor’s degree in accounting and multiple professional qualifications.

• Group Chief Financial Officer at Awj Holding Company.

The approval date by other official authorities is not applicable for these appointments.