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Royal order relieves Al Khorayef, appoints Prince Abdulaziz as industry minister
Saudi Arabia's industry and mining portfolio shifts to Prince Abdulaziz. The change introduces uncertainty around license awards and state miner Ma'aden's expansion.
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A royal order relieved Bandar Al Khorayef as Minister of Industry and Mineral Resources and appointed Prince Abdulaziz to the portfolio, according to the Saudi Press Agency.
Al Khorayef had held the post since 2019, overseeing the launch of a mining strategy tied to the kingdom's Vision 2030 plan. The ministry supervises mining licenses and industrial development. State-controlled Ma'aden (1211.SE) is the largest beneficiary of government initiatives to expand phosphate, aluminum, and gold production.
The leadership shift introduces uncertainty around the schedule for new license awards and the disbursement of the mining investment fund.
How this story was producedLast reviewed Jul 11, 2026
Drafted by a large language model from the source reporting linked above, then screened by automated publishing checks. It is not read by a journalist before publication. Some articles cite our Alpha Score. Verify prices and figures against the original source. Educational coverage, not personalized advice.
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