SAMI board reshuffled, chaired by Prince Khalid bin Salman

28/02/2024 Argaam
Logo ofSaudi Arabian Military Industries (SAMI)

Logo of Saudi Arabian Military Industries (SAMI)

The Saudi Arabian Military Industries (SAMI), a subsidiary of the Public Investment Fund (PIF), announced the reshuffling of its board of directors, chaired by Prince Khalid bin Salman bin Abdulaziz Al Saud. 

 

The new board consists of Prince Khalid bin Salman bin Abdulaziz Al Saud (Chairman), Bandar Al-Khorayef (member), Abdulaziz bin Abdullah Al-Duailej (member), Talal bin Abdullah Al-Otaibi (member), Khalid bin Hussein Al-Biyari (member), Yasser bin Abdullah Al-Salman (member), Omar bin Hamad Al-Madi (member), and Abdulaziz bin Abdullah Al-Suqair (member). 

 

Established in 2018 by PIF, the fund aims to contribute to the localization of 50% of the Kingdom’s defense spending. 

 

The company works to support the readiness of all military forces across five sectors: aviation and aerospace systems, ground systems, marine systems, defense systems and advanced electronics. 

 

SAMI has more than 5,000 trained and qualified employees and technicians in the various sectors in which it operates in. It achieves annual growth of 21% in its revenues. 

 

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