تعلن شركة المصانع الكبرى للتعدين (أماك) عن إنهاء العلاقة التعاقدية بالتراضي للرئيس التنفيذي وتعيين عضواً منتدباً للشركة

Almasane Alkobra Mining Company (AMAK) announces the termination of the contractual relationship by mutual agreement with the CEO and the Appointment of a Managing Director 1322 AMAK 0.37 % 1448/02/28     11/08/2026 16:20:32 Introduction Almasane Alkobra Mining Company (AMAK) announces that the Board of Directors, regarding the issuance of a resolution by its Board of Directors at its meeting held on 10 August 2026 AD, approving the mutual termination of the contractual relationship with the Company’s Chief Executive Officer, Eng. Geoffrey MacDonald Day, effective from 13 August 2026 AD The Board of Directors also resolved at the same meeting to appoint the Board Member, Eng. Savas Sahin, as the Company’s Managing Director, effective from 13 August 2026 AD, and to amend his membership to be (Executive Director) The Board of Directors extends its sincere appreciation and gratitude to Eng. Geoffrey McDonald Day for his efforts and contributions during his tenure with the Company and wishes him continued success. The Board also wishes Eng. Savas Sahin every success in his new role. Name of the Resigned Person Eng. Geoffrey McDonald Day Resignation Acceptance Date 2026-08-10 Corresponding to 1448-02-27 Resignation Effective Date 2026-08-13 Corresponding to 1448-02-30 Reasons for Resignation Termination of the contractual relationship by mutual agreement between the two parties. Appointment Type Appointment Name of the Appointed Person Appointment of a Managing Director Eng. Savas Sahin Date of Board Resolution 2026-08-10 Corresponding to 1448-02-27 Date Work Commencement 2026-08-13 Corresponding to 1448-02-30 Brief Resume Eng.Savas Sahin has been a Board Member of Almasane Alkobra Mining Company (AMAK) since 09 Jan 2022. He has over 28 years of experience in the mining industry and has held several strategic roles in mining companies in Turkey, Australia, and Saudi Arabia. He served as the CEO of AMAK from 2017 to December 2021. During his tenure, he restructured the operations of the Al Masane Mine, developed and constructed the Guyan Mine, and initiated the construction of the Moyeath Mine. He has prepared AMAK Mining for the successful IPO in early 2022. He has a Bachelor's degree in Mining Engineering and a Master's degree in Executive Business Administration. The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. Share