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Khalid bin Salman Named Chairman of SAMI Board of Directors

Saudi Defense Minister Prince Khalid bin Salman.
Saudi Defense Minister Prince Khalid bin Salman.
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Khalid bin Salman Named Chairman of SAMI Board of Directors

Saudi Defense Minister Prince Khalid bin Salman.
Saudi Defense Minister Prince Khalid bin Salman.

The Saudi Arabian Military Industries (SAMI), a key enterprise under the Public Investment Fund (PIF), announced on Wednesday a restructuring of its Board of Directors.

Defense Minister Prince Khalid bin Salman was named as Chairman of the board.

The board includes Minister of Industry and Mineral Resources Bandar Al-Khorayef, Chairman of the General Authority for Civil Aviation Abdulaziz Al-Duailej, Assistant Minister of Defense Eng. Talal Al-Otaibi, Dr. Khalid Al-Biyari, Yasir Al-Salman, Eng. Omar Al-Madhi, and Eng. Abdulaziz Al-Suqair.

SAMI CEO Walid bin Abdulmajeed Abu Khalid hailed the efforts of the previous board which managed to lead it to become one of the world’s top 100 specialized defense companies.

SAMI was established in 2018 by the PIF to contribute to achieving the Kingdom's Vision 2030 by localizing 50% of the Kingdom's defense spending.

SAMI has been playing an essential role in developing the capabilities of its defense system and enhancing its self-sufficiency through its growing portfolio of products and services across its business sectors.

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Syria Meeting Focused on Need for Credible Economic Data, IMF Chief Says

International Monetary Fund (IMF) managing director Kristalina Georgieva, speaks during a Press Briefing on "International Monetary and Financial Committee (IMFC)" during the IMF/World Bank Group Spring Meetings at the IMF headquarters in Washington, DC, on April 25, 2025. (AFP)
International Monetary Fund (IMF) managing director Kristalina Georgieva, speaks during a Press Briefing on "International Monetary and Financial Committee (IMFC)" during the IMF/World Bank Group Spring Meetings at the IMF headquarters in Washington, DC, on April 25, 2025. (AFP)
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Syria Meeting Focused on Need for Credible Economic Data, IMF Chief Says

International Monetary Fund (IMF) managing director Kristalina Georgieva, speaks during a Press Briefing on "International Monetary and Financial Committee (IMFC)" during the IMF/World Bank Group Spring Meetings at the IMF headquarters in Washington, DC, on April 25, 2025. (AFP)
International Monetary Fund (IMF) managing director Kristalina Georgieva, speaks during a Press Briefing on "International Monetary and Financial Committee (IMFC)" during the IMF/World Bank Group Spring Meetings at the IMF headquarters in Washington, DC, on April 25, 2025. (AFP)

Officials from the International Monetary Fund, World Bank and key countries met with Syrian authorities this week on efforts to rebuild the war-torn country, emphasizing the need for credible data, IMF Managing Director Kristalina Georgieva said on Friday.

Georgieva said rebuilding Syria's central bank and expanding the country's capacity to generate revenue were other key issues addressed during the meeting that took place during the spring meetings of the IMF and World Bank.

Saudi Arabia's Finance Minister Mohammed Al-Jadaan, who chairs the International Monetary and Financial Committee, said he was grateful to the IMF and World Bank for stepping up support for Syria, noting others including Yemen, Palestine and Lebanon would also need help.