Company Research Report: Saudi Arabian Military Industries (SAMI)

Company Overview

Name

Saudi Arabian Military Industries (SAMI)

Mission of the Company

To be among the top 25 defense companies worldwide by 2030, leveraging cutting-edge technologies and superior national talent to develop world-class defense products and services, consequently achieving self-sufficiency in Saudi Arabia's defense industries.

Founded

SAMI was established in 2017 at the directive of His Royal Highness Crown Prince Mohammed bin Salman Al Saud.

Key People

M. Mohammed Al-Hadib: Executive Vice President - Land Systems

M. Mansour Al-Harbi: Executive Vice President - Defense Systems

M. Ziad Al-Musallam: Executive Vice President - Advanced Electronics

M. Abdul Salam Al-Ghamdi: Executive Vice President - Aerospace Systems

Esteban Villasanchez: Executive Vice President - Marine Systems and Acting COO

Abdulrahman bin Moulay Al Buziouei: Chief Financial Officer

Abdulmalik Al-Kohaji: Chief Human Resources Officer

Nawaf Al-Hoshan: Chief Strategy and Business Development Officer

Dr. Mohammed Al-Qahtani: Chief Technology Officer

Abdullah Al-Kubresh: Chief Internal Audit Officer

Dr. Abdulaziz Al-Bassam: Chief Legal Officer and General Counsel

Wael bin Mohammed Sarhan: Chief Communications and Support Services Officer

Ayman Al-Touilan: Chief Governance and Compliance Officer

Headquarters

No information is available

Number of Employees

6,200+ employees

Revenue of the Company

21% Year-on-Year Revenue Increase

Notable Achievements

SAMI ranks among the top 100 defense companies in the world.

Achieved a 633% growth in the number of employees in 2023.

Supported by the Vision 2030 initiative to localize 50% of government defense spending in Saudi Arabia.

Products

Aerospace

High-Level Description: Development of sustainable industrial capabilities in aerospace systems.

Key Features:

Technical support and updates

Maintenance, repair, and overhaul (MRO)

Aircraft structures manufacturing

Unmanned aerial vehicles (UAVs)

Land Systems

High-Level Description: Building and enhancing local industrial capabilities for land system technologies.

Key Features:

Tracked and wheeled combat vehicles

Tracked and wheeled artillery systems

Tactical logistic vehicles

Unmanned ground vehicles

Weapon turrets and automated firing platforms

Marine Systems

High-Level Description: Developing sovereign marine capabilities for Saudi Arabia.

Key Features:

Combat systems based on the Saudi naval combat system strategy

Unmanned surface vehicles (USVs), unmanned underwater vehicles (UUVs), and mine countermeasure (MCM) systems

Integrated port and marine asset protection solutions

Marine systems maintenance, repair, and overhaul (MRO)

Mission integration systems

Advanced Electronics

High-Level Description: Developing national capabilities in the design and manufacture of electronic systems.

Key Features:

Sensors (radars and electro-optics)

Communication systems

Protection and monitoring systems

Electronic warfare

Command, control, communications, and computers intelligence (C4i) systems

Marine combat systems and armored vehicle mission systems

Defense Systems

High-Level Description: Establishing advanced production and maintenance capabilities for missiles and munitions.

Key Features:

Munitions

Weapon systems (remote, aerial, terrestrial, naval)

Rocket launcher systems

Defensive missile systems (aerial, terrestrial, naval)

Missile systems

Counter-drone systems

Recent Developments

Notable Updates

22 July 2024: Accredited as a center for maintenance, repair, and overhaul activities.

19 March 2024: Launch of the Center of Excellence for maritime system integration and development.

6 February 2024: Signed MoU with Barzan Holdings - Qatar to enhance the defense and security sectors.

New Products Launched