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.
