抖阴短视频

RIYADH: The 抖阴短视频n Military Industries on Wednesday signed three separate financing agreements worth nearly SR7 billion ($1.8 billion) with three Saudi banks for projects related to defense industries localization.

The agreement is part of the strategic efforts of the wholly-owned subsidiary of the Public Investment Fund to expand its operations in 抖阴短视频, it said in a statement.

The first-of-its-kind deal in the Kingdom鈥檚 defense industries sector will contribute to the company鈥檚 future projects related to infrastructure development, acquisitions, and working capital financing. 

It involved three separate agreements with Saudi National Bank, Banque Saudi Fransi, and Gulf International Bank 鈥� 抖阴短视频.

SAMI CEO Walid Abukhaled said: 鈥淭hese agreements will support our principal goals and future projects and will strengthen and broaden the scope of our operations. They also seek to employ local talent in the defense industries sector, thus accomplishing the goals of 抖阴短视频鈥檚 Vision 2030 of localizing over 50 percent of defense spending.鈥�

鈥淭his deal will also support PIF鈥檚 efforts through SAMI in localizing cutting-edge technology and knowledge, as well as building strategic economic partnerships.鈥� 

Mater Alenazi, CFO of SAMI, added: 鈥淪AMI鈥檚 ability to acquire substantial financing affirms the confidence of the banking sector in the strength of our operations. We will continue to build strategic partnerships with leading local and international financial institutions in order to finance many of our projects in the near future.鈥� 

Since its inception in 2017, SAMI has led the way in developing and supporting the defense industries sector in 抖阴短视频. The company plays a key role in accomplishing sustainability in the defense industries sector and promoting its self-sufficiency by ensuring rapid growth of defense products and services through its five main business divisions, namely SAMI Aerospace, SAMI Land, SAME Sea, SAMI Advanced Electronics, and SAMI Defense Systems.