Advanced Electronics Company Limited
Advanced Electronics Company (AEC) is a limited liability 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 regional organization specializing in the field of modern electronics.
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| Type | Limited Liability Company |
|---|---|
| Industry | Electronics, Military technology, ICT |
| Founded | 1988 |
| Headquarters | , |
Area served | Saudi Arabia |
Key people | Ziad Al Musallam (President & CEO) |
Number of employees | 2000+ |
| Parent | Saudi Arabian Military Industries |
| Website | Official website |
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.[1] It is the largest military industries deal ever concluded in Saudi Arabia.[2]
In 2021, Ziad bin Houmod Al-Musallam was appointed the CEO of AEC.[3]
See also
- Prince Sultan Advanced Technology Research Institute - a Saudi defense research and development partner.[4]
References
- "Arabian Aerospace - SAMI acquires Advanced Electronics Company". www.arabianaerospace.aero. Retrieved 2021-01-04.
- "SAMI acquires AEC in KSA's biggest military deal". Saudigazette. 2020-12-28. Retrieved 2021-01-04.
- "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.
- "Partnership between Advanced Electronics and Prince Sultan Advanced Technology Research Institute". Al Riyadh(الرياض) (newspaper). Al Riyadh(الرياض) (newspaper). 8 February 2011.
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