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Saudi Advanced Industries Company

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Saudi Advanced Industries Company (SAIC)
الشركة السعودية للصناعات المتطورة
Company typePublic
ISINSA0007879246 Edit this on Wikidata
Founded1987
Headquarters,
Key people
Abdullah Muhammad Al-Humaidhi (Chairman)
Abdullah Suleiman Al-Juraish (Managing Director)
Abdulrahman Nasser Al-Obaid (Vice Chairman)
Revenue44,456,000 Saudi riyal (2019) Edit this on Wikidata
Total assets811,027,000 Saudi riyal (2019) Edit this on Wikidata
Websitehttp://www.saic.com.sa

Saudi Advanced Industries Company is an industrial investment vehicle of the U.S. Peace Shield defense offset program. The company was formed in 1987,[1] and invests in technology companies in Saudi Arabia. It also holds interests in AlSalam Aircraft Company and the Aircraft Accessories & Components Company, both in Saudi Arabia.[2]

Activity

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Transfer of advanced technology to the Kingdom through participation in the Economic Balance Program and other industrial projects. The company is currently investing in the following projects: Al-Salam Aircraft Company Limited, Arab Industrial Fibers Company (Ibn Rushd), Manufacturing and Energy Services Company, National Petrochemical Company (Yansab), Obeikan Glass Company, and Deutsche Gulf Finance Company.

References

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  1. ^ Saudi Advanced Industries Company
  2. ^ "SAIC: Saudi Advanced Industries Co Stock Price Quote - Saudi Arabia - Bloomberg". Bloomberg News.
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