“As we look forward at the current situation of the market, I think we need to conserve as much cash as possible to take care of any emerging issues,” Al Ohali said.
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Saudi Arabian Mining, also known as Maaden, appointed Al Ohali as CEO last month.
Al Ohali also said progress on Maaden’s new projects has been impacted by curfew and movement restrictions in Saudi Arabia. He added that Maaden has no plans to cut capital expenditure in response to coronavirus.
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