RIYADH: Saudi Arabia’s World Defense Show has allocated 70 percent of its exhibition space, ahead of its launch in March next year, event organizers said on Wednesday. The show has attracted interest from global manufacturers and multinationals such as Lockheed Martin, Embraer, General Dynamics and Rolls-Royce, as well as local entities such as the Saudi Arabian Military Industries and Military Industries Corp. Shaun Ormrod, CEO of World Defense Show, said: “The overwhelming interest from local and global defense (firms) reflects World Defense Show’s unique proposition creating an unmatched meeting environment for industry leaders in the heart of Saudi Arabia, one of the world’s leading defense industry markets, to discuss the future of interoperable defense.
Defence conglomerate Saudi Arabian Military Industries (SAMI) announced the restructuring and expansion of its board of directors during an extraordinary general assembly meeting on 18 May. As a result of the meeting, the company has expande.
SAMI restructures board of directors May 19, 2021
RIYADH Saudi Arabian Military Industries (SAMI), a wholly-owned subsidiary of the Public Investment Fund (PIF), has announced the outcome of its extraordinary general assembly meeting held recently, in the presence of SAMI’s Board representative and Vice-Chairman Dr. Ghassan Al-Shibl and PIF representative Omar Abalkhail.
Having completed the legal quorum in accordance with Article 30 of the company’s Articles of Association and having reviewed the assembly’s agenda, based on the results of the vote, the assembly approved all items put up to a vote.
This included the amendment of Article 12 of its Articles of Association, increasing the number of board members from nine to ten, and agreeing to restructure the company’s board of directors.
Saudi Arabian Military Industries names new board
RIYADH, 2 days ago Saudi Arabian Military Industries (SAMI), a wholly-owned subsidiary of the kingdom s Public Investment Fund (PIF), has announced its new board of directors under the chairmanship of Ahmed bin Aqeel Al Khateeb. Ghassan bin Abdulrahman Al Shibl has been named the Vice Chairman. The announcement comes following its Extraordinary General Assembly Meeting held recently in the presence of SAMI’s board representative and Vice-Chairman Dr Al Shibl and PIF representative Omar Abalkhail. The new board will be effective for a three-year term. Its members include Bandar bin Ibrahim Alkhorayef; General Abdulrahman bin Saleh Albunayyan; Dr Khaled bin Hussain Albiyari; Dr Ghassan bin Ahmed Alsulaiman; Mosaed bin Sulaiman Al Ohali; Mazen bin Ahmed Al Jubeir; Abdulaziz bin Abdulrahman Al Sowailim and Yasir bin Abdullah Al Salman.
Ziad Al-Musallam, CEO of Advanced Electronics Company (AEC), a Saudi Arabian Military Industries company, extended sincere wishes in his name and on behalf of the company’s employees, to King Salman, Crown Prince Mohammed bin Salman, and the people of Saudi Arabia, on the occasion of Eid Al-Fitr.
He prayed for the preservation of peace in all Arab and Islamic nations and for the Kingdom’s security, stability and prosperity.
Al-Musallam expressed appreciation for Saudi Arabia’s wise leadership and their extraordinary care in preserving public health and combating the novel coronavirus. He also thanked the leadership for promoting social cohesion within Saudi society, which he said is the true purpose of Eid.