Ma'aden's Board of Directors is responsible for the overall strategy and direction of the Company's business. The Board consists of nine directors appointed by the Ordinary General Assembly for a term of 3 years. The Board includes the President of the Company and four members representing the Saudi Government, so long as the Government holds at least 50 percent of the shares in the Company.
BOARD OF DIRECTORS
H.E. Eng. Khalid Bin Abdulaziz Al-Falih has been Ma’aden’s Chairman of the Board since April 2016. He is among the highest distinguished Saudi business leaders, with a remarkable career as the President and Chief Executive Officer of the Saudi Arabian Oil Company (Saudi Aramco) from 2009 to 2015 and Chairman of its Board since then, proceeding his appointment as the Saudi Minister of Health.
With three decades of experience at Saudi Aramco, Al-Falih served in key leadership positions across the business lines of exploration, production; refining, marketing, international and operations services, and engineering and project management. He also previously served as the Senior Vice President of Gas Operations and Industrial Relations, the President of Petron Corporation; a past joint venture between Saudi Aramco and the Philippine National Oil Company as, well as the first head of the Business Development department at Saudi Aramco.
While leading the Saudi Aramco’s Corporate Planning Team, Al-Falih guided the development of the Kingdom of Saudi Arabia’s natural gas strategy. When the company formed its New Business Development department, Al-Falih was appointed as the first deputy head of the department. In that role, he led the development of mega-projects — such as Petro Rabigh, Sadara, Satorp and Yasref — with the purpose of achieving refining and petrochemical integration, in cooperation with leading global oil, gas, and chemical enterprises.
H.E. Eng. Al-Falih holds a bachelor’s degree in Mechanical Engineering from Texas A & M University, and a master in business administration from King Fahd University of Petroleum and Minerals.
He has bachelor degree in Business Administration from Portland University-US in 1981.
Saudi American Bank: Several of positions in operations, bank credit and most recently head of Local Corporate Accountants.
Riyad Bank: Number of positions Chief Executive Assistant in charge of Individuals, Corporates, Treasury and Investment sectors.
In 12/04/2013 he was appointed as Governor of General Organization for Social Insurance.
His Excellency is BoD member in Saudi Industrial Investment Group since 01/10/2013.
Eng. Abdullah Bin Mohammed Al-Eisa has been Ma’aden’s board member since April 2016. He has a unique and diversified portfolio of experiences including chairing Abdullah Mohammed Al-Eisa Consulting Engineering as will as the Arabian Cement Company and Dur Hospitality. He is also a board member in number of leading companies including Sabic, Riyadh Bank, and Etihad-Etisalat (mobily).
Eng. Al-Eisa holds a bachelor’s degree in industrial engineering and a master’s degree in engineering management from the The Methodist University in the US.
Mrs. Lubna Bint Sulaiman Al Olayan has been Ma’aden’s board member since April 2016. She has built distinguished local and International career, where in addition of being the Chief Executive Officer and deputy chairperson of the Olayan Financing Company, she is a board member of leading industrial and investment organisations including the Saudi Hollandi Bank, Rolls Royce Group plc, WPP, Akbank, and Schlumberger.
Mrs. Al Olayan holds a bachelor’s degree in science from Cornell University and a Master’s degree in Business Administration from Indiana University. She also received an honorary PhD in Law from Trinity College.
Eng. Abdullah Bin Ibrahim Al-Saadan has been Ma’aden’s board member since April 2016. His more than 30 years career at the Saudi Arabian Oil Company (Saudi Aramco) provided him with unique experiences where he held multiple leading positions including his current post as the Senior Vice President of Finance, as well as the previous posts of the President and CEO of SAMREF and the Vice President of Saudi Aramco Gas Operations.
Eng. Al-Saadan holds a Bachelor’s degree in Chemical Engineering from King Fahd University of Petroleum and Minerals and a master’s degree in Chemical Engineering from the University of Louisiana at Lafayette, as well as a Master’s degree in Business Administration from the Massachusetts Institute of Technology.
Eng. Azzam Bin Yaser Shalabi has been Ma’aden’s board member since April 2016. His exceptional career included the important post of Saudi Arabia’s head of the National industrial Clusters Development Program since its establishment in 2007 until 2015. In addition, he has more than 25 years of experience in the Saudi Arabian Oil Company (Saudi Aramco) where he held multiple senior positions in leading investment initiatives, business development opportunities, project management and operations management. He is currently the Chief Executive Officer of the Industrialization and Energy Services Company.
Eng. Shalabi holds a bachelor’s degree in engineering from the Oklahoma State University and a Master’s in Business Administration from the Massachusetts Institute of Technology.
Holds a MBA and a Bachelors degree in Civil Engineering.
President and CEO of Saudi Arabian Mining Company (Ma’aden) since 2011. Vice President of Phosphate and New Business Development SBU at Ma’aden from 2006 to 2010.
General Manager of Qassim Cement Company (1993-2006).
Vice President and Director of Finance at Sharq Company (1986-1993).
Membership of other Boards: None
Membership of committees: Executive Committee; Nomination and Remuneration Committee.
In 2011, Eng. Al-Mudaifer became President and CEO of Ma’aden to lead the company through the most significant phase of growth in its history. Eng. Al-Mudaifer also spent five years as Ma’aden Vice President for Phosphate and Business Development where he led the development of Ma’aden’s first mega project – the Ma’aden Phosphate Company. Prior to joining Ma’aden, Eng. Al-Mudaifer was Vice President and Director of Finance at the Sharq Eastern Petrochemical Company (1986-1993) and General Manager of the Qassim Cement Company (1993-2006). He holds an MBA and a Bachelor’s degree in Civil Engineering.
Immediately after graduating from the Accounting Department of King Saud University in 1984, Mr. Al-Rowais joined Saudi Arabian Monetary Agency (SAMA) in the Banking Control Department where he spent most of his career there in the supervision of the stock market and Islamic banking products. In 1996 Mr. Rowais left SAMA and joined SABIC as a Director of Finance. He led project finance for SABIC new ventures, expansion projects and acquisitoins. In 2002 Mr. Al-Rowais joined Ma'aden as Treasurer and was promoted to Executive Director of Corporate Planning in 2008 and CFO in 2011. Since March 2016, Mr Rowais has led the Ma’aden Phosphate and Industrial Minerals Businesses. Mr. Rowais is a registered CPA in the USA and a member of the AICPA.
Mr. Darren Davis joined Ma’aden in 2012 following a 20 year banking career. His financing experience has primarily been in the natural resources and energy sectors and he has lived and worked in the Middle East since 1999. His experience includes mergers & acquisitions, strategic advisory, debt raising, project finance and debt restructuring. Since joining Ma’aden, Darren has focused on managing Ma’aden’s extensive fund raising programme as well as playing lead roles in establishing Ma’aden’s recent JVs with Mosaic and Barrick Gold. In addition to his role as Senior Vice President, Finance & CFO, he is a Board member of Ma’aden Wa’ad Al Shamal Phosphate Company (MWSPC) and of Ma’aden Barrick Copper Company (MBCC). Darren graduated in 1991 from Aston University with a Bachelor of Science in Business & Administration. He is an associate of the Association of Corporate Treasurers.
Eng. Al-Watban has been Senior Vice President, Strategy and Development since March 2016. He was appointed Ma'aden Vice President for Phosphate in August 2013 in addition to being the president of Ma’aden Phosphate Company since 2011. He earned his Bachelors’ degree in mechanical engineering from University of Basrah in 1985. Prior to joining Ma’aden, Eng. Al-Watban held leading positions in multiple Saudi industries including the Chairman of the Arabian Industrial Fibers Company (Ibn Rushd) – a SABIC subsidiary; the Vice President for Projects and Engineering of Marafiq; and the Technical and Project Director of Safco – a SABIC subsidiary.
Engr. Nabil Al Fraih has 30 years of experience in the field of management, industrial projects and marketing. He holds a Bachelor of Science degree in Civil Engineering from King Saud University in Riyadh. Eng. Al-Fraih began his career in the Technical division of the Saudi Industrial Development Fund (SIDF). In 2005, he joined Ma'aden as Executive Director for Human Resources and Industrial Security and was part of the Management Committee team. Subsequently, he joined Al Rajhi Cement Holding Company in 2009 as Vice Chairman and Managing Director. Eng. Al Fraih again joined Ma'aden in 2011 as Vice President of HR and Sustainability and since March of 2016 has been the Senior Vice President of Industrial Security and Sustainability. He is also the Chairman of Board of Directors of the Ma’aden Gold and Base Metals Company.
Eng. Al Nassar has more than 20 years of experience in engineering, project management, planning and maintenance. He holds a bachelor degree in electrical engineering from King Fahd University of Petroleum & Minerals. Post-graduation, Eng. Al Nassar worked as Project Engineer in the Eastern Petrochemical Company (Sharq) and then transferred to SAFCO as Project Manager for the SAFCO IV project. He then joined MARAFIQ as the Manager of the Design & Projects Department. From 2006, he joined the GCC Interconnection Authority as Director of Planning, Engineering & Project Management where he led a $1.4 billion project to interconnect 6 Gulf countries electrically. Eng. Al Nassar joined the Ma’aden Phosphate Company in early 2013 as VP Technical, was promoted to President of the Company in mid-2014, and was appointed Ma’aden VP of Project Management & Engineering in 2016.
Eng. Al-Shangiti holds a Master’s Degree in Mineral Industry & Environmental Management from the University of Leeds, United Kingdom in 1995. His Bachelor of Science in Mining Engineering degree is from the King Abdulaziz University in 1992. He was the President of Ma’aden Gold & Base Metals Co. (MGBM), and Director of the Operations Division overseeing the mine and plant operations of MGBM’s five operational mines. He has also served the Company as Mahd Ad Dahab Mine Manager, Project Manager of Ad Duwayhi Development Project, and Mining Manager of Ma’aden Aluminum Project.
Eng. Khaled Alohali holds a BS in Mechanical Engineering - Honors from King Fahd University of Petroleum and Minerals. He joined Ma’aden in 2014 as Vice President of Strategy, Planning and Development until he became Vice President of Aluminium Strategy and Development in March of 2016 and Vice President, Corporate Strategic Affairs in February 2017. In the 20 years prior to joining Ma’aden, Eng. Alohali held multiple leadership positions in both the public and private sectors. He completed many business and industrial investment and developmental projects. He worked at the Project Management Office of Saudi Arabian Economic Offset Program and then consulted for the Ministry of Petroleum and Mineral Resources before holding the Vice Presidency of the National Industrial Clusters Development Program (NICDP). Eng. Alohali also worked as the Head of the Saudi & Japanese Industrial Cooperation Taskforce, representing the Saudi Government; then later moved to be the Vice President of Charles River Associates International (CRAI) and its Managing Director in Saudi Arabia.
Stephen Bodley joined Ma’aden in September 2013. He has over 20 years of legal and business leadership experience, much of it in the mining and energy sectors.
Before joining Ma’aden, Bodley was the SVP, General Counsel and Corporate Secretary for a mining company with operations in Canada, Cuba and Madagascar. Previously he worked with the North American subsidiary of a UK-based FTSE 30 energy company, and was a partner in one of Canada’s leading law firms.
Stephen earned his Honours BA Economics from the University of Western Ontario, London, Canada and law degree from Osgoode Hall Law School, Toronto.