SAMI acquires Advanced Electronics Company
RIYADH, December 28, 2020 Saudi Arabian Military Industries (SAMI), a wholly owned subsidiary of the Public Investment Fund (PIF), announced that it has acquired Advanced Electronics Company (AEC) as part of the largest military industries deal ever concluded in Saudi Arabia. The purchase is expected to complete in the first quarter of 2021 following regulatory approvals. As a result, AEC will become a 100% Saudi-owned company, said a statement. The acquisition was announced during a ceremony organised by SAMI in the presence of the members of SAMI’s and AEC’s Board of Directors, and senior officials from the Ministry of Defense, General Authority for Military Industries (GAMI), PIF, Saudi Arabian Airlines (Saudia), BAE Systems Saudi Arabia, and other stakeholders. Financial details of the acquistion were not provided.
SAMI acquires AEC in KSA’s biggest military deal December 28, 2020
Saudi Arabian Military Industries (SAMI), a wholly owned subsidiary of the Public Investment Fund (PIF), announced that it has acquired Advanced Electronics Company (AEC) as part of the largest military industries deal ever concluded in the Kingdom of Saudi Arabia.
RIYADH Saudi Arabian Military Industries (SAMI), a wholly owned subsidiary of the Public Investment Fund (PIF), announced that it has acquired Advanced Electronics Company (AEC) as part of the largest military industries deal ever concluded in the Kingdom of Saudi Arabia.
The purchase is expected to be completed in the first quarter of 2021 following regulatory approvals. As a result, AEC will become a 100% Saudi-owned company.
Saudi Arabian Airlines (Saudia) Ranked a Five-Star Global Airline by APEX
Stands as the Only Airline Rating Program Based Solely on Independently Verified Passenger s Feedback
JEDDAH, Saudi Arabia, Dec. 21, 2020 /PRNewswire/ Saudi Arabian Airlines (SAUDIA) the national flag carrier of Saudi Arabia has been ranked a Five-Star Global Airline by the Airline Passenger Experience Association (APEX).
The APEX Official Airline Ratings is the first airline rating program based solely on certified passenger feedback.
The industry s most anticipated honor is based on neutral, third-party passenger feedback and insights gathered through APEX s partnership with TripIt from Concur.
During the Future Travel Experience APEX Virtual Expo, an awards ceremony was held and SAUDIA was delighted to be awarded the Five-Star accolade.
Saudi Women Take To the Skies Dima Abumaria
A government decision breaks the norms by allowing women to work as cabin crew
Saudi Arabian Airlines (Saudia) over the weekend opened the door for Saudi women to work as flight attendants for the first time.
The kingdom’s flag carrier clarified in a statement on Friday that Saudi female applicants must be high school graduates between the ages of 20 and 30, with the “required level of the English language,” that their weight be “proportional to the height in accordance with the standards of Saudi Airlines” and that they pass a medical examination.
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