Saudi Arabian Mining Co. (Ma’aden), Riyadh, announced on Sept. 29 that it has appointed Public Investment Fund (PIF) Governor Yasir al-Rumayyan as its Chairman. The PIF is Ma’aden’s largest shareholder, holding a 65.43 percent stake.
Al-Rumayyan has been appointed as the PIF’s representative on the Ma’aden board, replacing Saudi Energy Minister Khalid al-Falih, who resigned from the role. Al-Falih was also Chairman of Saudi Aramco until recently.