Middle East

Darren Davis, president and CEO of Saudi mining company Maaden

Author: Mon, 2019-04-15 23:01

Darren Davis has been president and CEO of Saudi mining company Maaden since July 2018. Before his appointment, he led the firms corporate finance activities. He became senior vice president for finance and CFO in April 2016.

Davis is also a board member of the US-Saudi Arabian Business Council and an associate of the Association of Corporate Treasurers (UK).

He graduated in 1991 from Aston University in the UK with a bachelors degree in business administration. Following a 20-year career in banking, he joined Maaden in 2012.

During his stint as a banker, Davis worked mainly in the natural resources and energy sectors in the Middle East, where he has been based since 1999. Before joining Maaden, he worked as HSBCs head of resources and for the MENA Energy group from 2004 to 2012.

His extensive banking experience includes mergers and acquisitions, strategic advisory, project finance and debt restructuring. Since joining Maaden, he has managed the companys extensive debt and equity fundraising program, and played a leading role in establishing the companys joint ventures with Mosaic and Barrick Gold.

Recently, Davis took part in the Saudi Energy Forum 2019 in Riyadh, which focused on sustainable growth in a competitive environment under the title “The Saudi 4.0 Industrial Revolution.”

The event discussed the Vision 2030 diversification strategy with a particular reference to the Fourth Industrial Revolution.

Arab News

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