Advanced Electronics Company Limited

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Advanced Electronics Company
TypeLimited Liability Company
IndustryElectronics, Military technology, ICT
Founded1988; 34 years ago (1988)
Headquarters
Riyadh
,
Saudi Arabia
Area served
Saudi Arabia
Key people
Ziad Al Musallam (President & CEO)
Number of employees
2000+
ParentSaudi Arabian Military Industries
WebsiteOfficial website

Advanced Electronics Company (AEC) is a limited liability company in Saudi Arabia 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.[1] It is the largest military industries deal ever concluded in Saudi Arabia.[2]

In 2021, Ziad bin Houmod Al-Musallam was appointed the CEO of AEC.[3]

See also[]

References[]

  1. ^ "Arabian Aerospace - SAMI acquires Advanced Electronics Company". www.arabianaerospace.aero. Retrieved 2021-01-04.
  2. ^ "SAMI acquires AEC in KSA's biggest military deal". Saudigazette. 2020-12-28. Retrieved 2021-01-04.
  3. ^ "Who's Who: Ziad bin Houmod Al-Musallam, CEO of the Advanced Electronics Co., a Saudi Arabian Military Industries company". Arab News. 2021-03-22. Retrieved 2021-03-23.
  4. ^ "Partnership between Advanced Electronics and Prince Sultan Advanced Technology Research Institute". Al Riyadh(الرياض) (newspaper). Al Riyadh(الرياض) (newspaper). 8 February 2011.


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