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In December 2020, the Saudi Arabian Military Industries (SAMI) fully acquired AEC, making it a 100% Saudi-owned company. The deal shall strengthen SAMI's presence in the defense industries market. [3] It is the largest military industries deal ever concluded in Saudi Arabia. [4] In 2021, Ziad bin Houmod Al-Musallam was appointed the CEO of AEC. [5]
[2] The company operates across aerospace, electronics, defense systems, sea, and land systems. [3] SAMI’s reported targets include the contribution of 14 billion riyals (US$3.7 billion) to the Saudi economy by 2030, 6 billion riyals (US$1.6 billion) investment in research and development and the creation of 40,000 jobs. [2]
2 × ETN boats: Capacity: 350 t (340 long tons; 390 short tons) of fuel, 80 m 3 (2,800 cu ft) of kerosene, 60 t (59 long tons; 66 short tons) of potable water: Complement: 164+; [1] around 6 additional personnel on Courbet, La Fayette and Aconit post-upgrade [2] Sensors and processing systems: 1 × DRBN34 navigation radar; 1 × DRBN34 landing radar
Saudi Arabia: Submachine gun: 9×19mm Parabellum: Assault rifles AK-103 Russia Saudi Arabia: Assault rifle: 7.62×39mm: Used by Airborne Units and Special Security Forces in the Saudi Arabian Army. [1] [2] Manufactured by Saudi Arabian Military Industries. [3] [4] PM md. 90 Romania: Assault rifle: 7.62x39mm [5] Heckler & Koch G36 Germany Saudi ...
Saudi Exchange (Arabic: تداول السعودية ) or Tadāwul (Arabic: تداول ) is a stock exchange in Saudi Arabia.Tadāwul was formed in 2007 as a joint stock company and the sole entity authorized to act as a securities exchange in Saudi Arabia, but trading began in 1954 as an informal financial market.
The Saudi Capital Market Authority was established to achieve a set of objectives, of which the most important are developing an organized, fair, transparent financial market, and ensuring the protection of investors from irregular practices, which involving deceit, cheat, fraudulence, or manipulation. To achieve these objectives and others ...
In 2021, Zain Saudi Arabia owned 8,069 communications towers in the Kingdom of Saudi Arabia, valued at 3,026 million Saudi riyals ($807 USD). [11] Zain Saudi Arabia achieved the highest revenues in its history for the year 2023, amounting to 9.9 billion riyals. [12] [13] CEO Sultan bin Abdulaziz Al-Deghaither passed away on 6 August 2024. [14]
King Abdulaziz City for Science and Technology (KACST; Arabic: مدينة الملك عبدالعزيز للعلوم والتقنية) in Riyadh, Saudi Arabia is a governmental organization established in 1977 as the Saudi Arabian National Center for Science & Technology (SANCST); in 1985, it was renamed King Abdulaziz City for Science and Technology.