Saudi Advanced Industries Company
| Company type | Public |
|---|---|
| ISIN | SA0007879246  |
| Founded | 1987 |
| Headquarters | , |
Key people | Abdullah Muhammad Al-Humaidhi (Chairman) Abdullah Suleiman Al-Juraish (Managing Director) Abdulrahman Nasser Al-Obaid (Vice Chairman) |
| Revenue | 44,456,000 Saudi riyal (2019) |
| Total assets | 811,027,000 Saudi riyal (2019) |
| Website | http://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
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.
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