Advanced Electronics Company Limited

SAMI Advanced Electronics Company

Industry	Electronics, Military technology, Digital
Founded	1988; 37 years ago (1988)
Headquarters	Riyadh , Saudi Arabia
Area served	Saudi Arabia
Key people	Ziad Al Musallam (President & CEO)
Number of employees	2000+
Parent	Saudi Arabian Military Industries
Subsidiaries	Advanced Electronics Support Services Company (AESSCO) [1]
Website	Official website

Advanced Electronics Company (AEC) is a company in Saudi Arabia that was established in 1988 under the Economic Offset Program as per the directives of the government of Saudi Arabia. AEC is a state owned organization specializing in the field of defense, energy, Digital & security services, and modern electronics. AEC is a subsidiary of state-owned defense company Saudi Arabian Military Industries, whose parent company is Public Investment Fund (PIF).[2]

Acquisition by Saudi Arabian Military Industries

In December 2020, the Saudi Arabian Military Industries (SAMI) fully acquired AEC, making it a 100% Saudi-owned company. The deal shall strengthen SAMI's presence in the defense industries market.[3] It is the largest military industries deal ever concluded in Saudi Arabia.[4]

In 2021, Ziad bin Houmod Al-Musallam was appointed the CEO of AEC.[5]

See also

• Prince Sultan Advanced Technology Research Institute - a Saudi defense research and development partner.[6]

References

1. "SAMI-AEC Subsidiaries". www.aecl.com.
2. Arabiya, Al (20 May 2020). "Saudi Arabian Military Industries acquires ownership of Advanced Electronics Company". english.alarabiya.net. Retrieved 2 September 2024.
3. "Arabian Aerospace - SAMI acquires Advanced Electronics Company". www.arabianaerospace.aero. Retrieved 2021-01-04.
4. "SAMI acquires AEC in KSA's biggest military deal". Saudigazette. 2020-12-28. Retrieved 2021-01-04.
5. "Who's Who: Ziad bin Houmod Al-Musallam, CEO of the Advanced Electronics Co., a Saudi Arabian Military Industries company". Arab News. 2021-03-22. Retrieved 2021-03-23.
6. "Partnership between Advanced Electronics and Prince Sultan Advanced Technology Research Institute". Al Riyadh(الرياض) (newspaper). Al Riyadh(الرياض) (newspaper). 8 February 2011.