SAMI Acquires AEC; Saudi Arabia's largest-ever Military Industries Deal

SAMI Acquires AEC; Saudi Arabia’s largest-ever Military Industries Deal

SAMI (Saudi Arabian Military Industries); a wholly owned subsidiary of the Public Investment Fund (PIF), announced that it has acquired Advanced Electronics Company (AEC). This comes as part of the largest military industries deal ever concluded in the Kingdom of Saudi Arabia. The purchase is expected to complete in the first quarter of 2021 following...

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