Saudi State Miner Maaden Names Third CEO in 13 Months (1)

Saudi Arabia’s state miner has appointed its third chief executive officer in the past 13 months after the departure of Mosaed Al Ohali.

Abdulaziz Al Harbi, a senior vice president at Saudi Arabian Mining Co., will replace Al Ohali as acting CEO until further notice, the company said in a statement Sunday. It said Al Ohali left “for personal reasons.”

Bloomberg earlier reported the news of Al Ohali’s departure.

The stock of Maaden, as the company is known, rose 2.1% to 59.60 riyals on Sunday, a record high on a closing basis and giving it a market ...