PIF-owned SAMI reappoints Al-Khateeb as chairman

Saudi Arabian Military Industries (SAMI), a wholly-owned subsidiary of the Public Investment Fund (PIF), announced that shareholders reappointed Ahmed bin Aqeel Al-Khateeb as chairman of the board of directors, during an extraordinary general assembly meeting (EGM) held on May 17, 2021.

Shareholders also approved amending Article 12 of the company's statute, thus raising the number of board members to 10 from nine.

Meanwhile, they approved the reshuffling of the board of directors, effective as of the EGM date for three years, according to Saudi Press Agency.

The new board includes Ahmed bin Aqeel Al-Khateeb as chairman), and Bandar bin Ibrahim Alkhorayef, Abdulrahman Saleh Albunayyan, Khaled Hussain Albiyari, Ghassan Abdulrahman AlShibl, Ghassan Ahmed Alsulaiman, Mosaed Sulaiman Al-Ohali, Mazen Ahmed Al-Jubeir, Abdulaziz A. Al-Sowailim, and Yasir A. AlSalman as members.