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Saudi Arabian Mining Company (Maaden) Announces the formation of the Audit Committee

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Introduction Saudi Arabian Mining Company (Maaden) Announces the issuance of the Board of Directors’ circular resolution on 16/05/1448H Corresponding to 27/10/2026AD regarding the formation of the Audit Committee 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/ 2029, as follows:

1.Dr. Manar Al-Moneef, Chairman (Non-executive)

2.H.E. Ahmed AlHakbani, Member (Independent)

3.Mr. Richard O'Brien (Non-executive member)

4.Mr. Mike Cheng (Non-Board Member)

5.Mr. Mohammed Al-Arifi (Non-Board Member
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Appointed Member Name Dr. Manar Al-Moneef (Non-Executive)
Membership Start Date 2026-10-27 Corresponding to 1448-05-16
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
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Appointed Member Name H.E. Ahmed AlHakbani, Member (Independent)
Membership Start Date 2026-10-27 Corresponding to 1448-05-16
Brief Resume of the Appointed Member He holds a Bachelor’s Degree in Computer Information Systems, King Saud University, in 2000, Master of Business Administration (MBA), INSEAD, in 2009.

He now the Co-Founder and CEO, Simplified Financial Solutions Company
The date of the approval by other official authorities Not Applicable
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Appointed Member Name Mr. Mike Cheng (Non-Board Member)
Membership Start Date 2026-10-27 Corresponding to 1448-05-16
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
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Appointed Member Name Mr. Mohammed Al-Arifi, Member (Non-Board Member)
Membership Start Date 2026-10-27 Corresponding to 1448-05-16
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
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Appointed Member Name Mr. Richard O'Brien (Non-Executive)
Membership Start Date 2026-10-27 Corresponding to 1448-05-16
Brief Resume of the Appointed Member  He holds a bachelor’s degree in economics, University of Chicago, and holds Juris Doctor in Law, Lewis, and Clark Law School.

 Has held several leadership positions in Newmont and PacificCorp, including COO and CFO between1984 – 2000.

 He currently serves as member of a number of committees in Xcel Energy and Vulcan Materials Company.

He currently works as a mining consultant
The date of the approval by other official authorities Not Applicable
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Date of Board Meeting in which Appointed New Member(s) were Appointed 2026-10-27 Corresponding to 1448-05-16