SAMI Revamps Leadership Team with H.E. Ahmed Al-Khateeb at the Helm
Saudi Arabian Military Industries (SAMI), a fully-owned affiliate of the Public Investment Fund (PIF), has revealed the results of its Extraordinary General Assembly Meeting conducted on Monday, 28 Ramadan 1442 AH, equivalent to 10 May 2021, attended by SAMI’s Board representative and Vice-Chairman H.E. Dr. Ghassan Al-Shibl and PIF representative Mr. Omar Abalkhail.
After fulfilling the necessary legal quorum in line with Article 30 of the company’s Articles of Association and assessing the assembly’s agenda, the assembly unanimously endorsed all items up for voting. This encompassed the revision of Article 12 of its Articles of Association, augmenting the number of board members from nine to ten, and consenting to revamp the company’s board of directors. This alteration will take effect for a three-year duration from the date of the Extraordinary General Assembly Meeting.
The subsequent is SAMI’s redesigned board of directors:
- H.E. Mr. Ahmed bin Aqeel Al-Khateeb, Chairman
- H.E. Mr. Bandar bin Ibrahim Alkhorayef, Board Member
- H.E. Gen. Abdulrahman bin Saleh Albunayyan, Board Member
- H.E. Dr. Khaled bin Hussain Albiyari, Board Member
- H.E. Dr. Ghassan bin Abdulrahman AlShibl, Vice-Chairman
- H.E. Dr. Ghassan bin Ahmed Alsulaiman, Board Member
- Eng. Mosaed bin Sulaiman Al-Ohali, Board Member
- Mr. Mazen bin Ahmed Al-Jubeir, Board Member
- Mr. Abdulaziz bin Abdulrahman Al-Sowailim, Board Member
- Mr. Yasir bin Abdullah Al-Salman, Board Member
On this momentous occasion, H.E. Mr. Ahmed bin Aqeel Al-Khateeb, Chairman of SAMI, stated: “We extend our congratulations to the company on the reformation of its board, and we warmly welcome its new members into their respective roles, wishing them every success. Additionally, we express our gratitude to the previous board members for their diligent efforts during a period of substantial achievements. We wish to reaffirm our commitment to all our clients and stakeholders that we will persist in our journey of accomplishments, and that the board will exert every effort to guarantee the company’s prosperity in fostering the localization of over 50% of Saudi Arabia’s military expenditures by 2030.”
