RIYADH: The Saudi Arabian Military Industries (SAMI) has announced the formation of the company’s board of directors, chaired by Ahmed Al-Khatib, as well as appointing Andreas Schwer as chief executive for his solid experience in establishing and managing global defense companies.
“I am honored to chair this new national company, which will play a key role in diversifying the country’s economy according to Vision 2030,” Al-Khatib said.
The company’s board of directors includes Energy Minister Khalid Al-Falih and Prince Faisal bin Farhan Al-Saud, a senior adviser to the Saudi ambassador to the US, in addition to three international experts who will join the board of directors at a later date.
SAMI’s appointment of government officials to its board as well as experts from diverse backgrounds highlights its commitment to localizing 50 percent of the country’s military expenditure by 2030, thus creating more job opportunities for Saudi citizens.
Schwer, who will join SAMI in December 2017, is the chairman and CEO of Rheinmetall International, which employs 6,000 people with revenues of $1.5 billion. Before joining Rheinmetall he held several senior executive positions at Airbus.
SAMI aims to create 40,000 jobs and contribute SR14 billion ($3.7 billion) to the Saudi economy by 2030.
SAMI also signed an MoU with Russian arms exporter Rosoboronexport to buy S-400 surface-to-air missile systems and other weapons during a recent visit to Moscow by Saudi King Salman.
SAMI has recently signed memoranda of understanding with a number of the world’s largest defense contractors, including Boeing, Lockheed Martin, Raytheon, General Dynamics and Rosoboronexport.
The company is following a clear strategy that supports its goal to become one of the world’s largest 25 defense companies by 2030.
Saudi Arabian Military Industries announces new CEO and board
Saudi Arabian Military Industries announces new CEO and board
Saudi aid agency launches food distribution projects in Djibouti and Guinea
- Projects to benefit 40,000 individuals across Djibouti and 50,000 in Guinea
- KSrelief's aid programs have reached a total of 113 countries across four continents
RIYADH: The King Salman Humanitarian Aid and Relief Center (KSrelief) has launched its 2026 food distribution projects in the African republics of Djibouti and Guinea.
The initiatives are part of Saudi Arabia’s broader humanitarian relief efforts to enhance global food security for vulnerable populations, according to statements carried by the Saudi Press Agency (SPA).
In Djibouti, Saudi Ambassador Mutrek Al-Ajaleen and other local officials rolled out the fifth phase of the year’s project. It consists of 6,715 baskets of essential food items designed to support 40,000 individuals across multiple regions of the country.
In Guinea, Saudi Ambassador Dr. Fahad Al-Rashidi led the launch ceremony for a similar initiative. Under this project, 8,400 food baskets will be distributed, benefiting 50,000 people nationwide.
Since its establishment in 2015, KSrelief has served as Saudi Arabia's primary humanitarian arm, making food security one of its largest and most critical operational sectors. According to the center's official statistics, KSrelief has implemented over 1,150 dedicated food security projects at a total cost of more than $2.2 billion.
These specific food distribution initiatives have successfully delivered vital sustenance to vulnerable populations in 86 countries worldwide. Broadening the scope beyond just food security, KSrelief's overall humanitarian and development aid programs have reached a total of 113 countries across four continents.
