Riyadh, February 28, 2024, Saudi Arabian Military Industries (SAMI), a prominent national entity in the defense and security sector and a subsidiary of the Public Investment Fund, has recently undergone a restructuring of its Board of Directors.
Heading the Board of Directors is Prince Khalid bin Salman bin Abdulaziz Al-Saud, assuming the role of Chairman. Other esteemed members of the Board include Bandar bin Ibrahim Alkhorayef, Abdulaziz bin Abdullah Al-Duailej, Engineer Talal bin Abdullah Al-Otaibi, Dr. Khalid bin Hussein Al-Biyari, Yasir bin Abdullah Al-Salman, Engineer Omar bin Hamad Al-Madhi, and Engineer Abdulaziz bin Abdullah Al-Suqair.
Established in 2018 under the auspices of the Public Investment Fund, SAMI was tasked with a pivotal mission: to localize 50% of the Kingdom's defense expenditure, thereby contributing to the realization of Saudi Arabia's ambitious Vision 2030 goals.
SAMI has emerged as a key player in bolstering the Kingdom's defense capabilities and fostering self-reliance through its diverse portfolio of products and services spanning various sectors. Its strategic efforts have been instrumental in advancing the Kingdom's defense industry and promoting innovation within the sector.
