Advanced Electronics Company (AEC) is a
limited liability company
A limited liability company (LLC for short) is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a ...
in
Saudi Arabia
Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in Western Asia. It covers the bulk of the Arabian Peninsula, and has a land area of about , making it the fifth-largest country in Asia, the second-largest in the A ...
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.
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. It is the largest military industries deal ever concluded in Saudi Arabia.
In 2021, Ziad bin Houmod Al-Musallam was appointed the CEO of AEC.
See also
*
Prince Sultan Advanced Technology Research Institute
Prince Sultan Advanced Technology Research Institute (PSATRI, Arabic: معهد الأمير سلطان لأبحاث التقنيات المتقدمة, ''Ma'ahad Al-Amir Sultan le-abhas al-taqniat al-motaqaddemah'') is an independent scientific org ...
- a Saudi defense research and development partner.
References
Electronics companies established in 1988
Companies based in Riyadh
Electronics companies of Saudi Arabia
Defence companies of Saudi Arabia
Saudi Arabian companies established in 1988
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