Saudi Arabian Mining Company (Maaden) announced that, the Board of Directors resolved on June 24, 2018 that Darren Davis, currently the company's Senior Vice President Finance and Chief Financial Officer, is appointed as acting Chief Executive officer of the company, effective of July 1, 2018. Mr. Al Rowais, who is unable to continue in an executive capacity for health reasons, will continue serving the company as a senior executive advisor. Mr. Davis joined Maaden in 2012 following a 20 year banking career, focused in the natural resources and energy sectors.

His experience includes corporate finance, mergers and acquisitions, and strategic advisory. At Maaden, Mr. Davis has held several critical roles including leading the company fund raising program and playing an integral role in establishing some of its key joint ventures. He was appointed CFO in 2016.