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.
Learning about R industries Share article:
THIS week we hear from QPR fan Bryan Fisher who discusses his interesting career path in testing.
I am retired now but I have been fortunate in my past careers.
I left school in 1970 to become a Computer Operator - Trainee at Brunel University when large mainframes had only 32k memory, before moving on eventually to work for British Airways on their Real Time Reservations System (with over 22,000 users worldwide).
I progressed up the ranks over nine years to supervise others, with the last few years before leaving in 1984 managing a shift of Data Network Controllers.
PRN: Saudi Arabian Airlines (Saudia) Ranked a Five-Star Global Airline by APEX comunicati.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from comunicati.net Daily Mail and Mail on Sunday newspapers.
Saudi Arabian Airlines ranked a Five-Star Global Airline eturbonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eturbonews.com Daily Mail and Mail on Sunday newspapers.