Saudi Arabian Military Industries announces new CEO and board

Updated 01 November 2017
0

Saudi Arabian Military Industries announces new CEO and board

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.


Houthis accused of looting humanitarian aid

A worker unloads aid packages from a Saudi air force cargo plane, at an airfield in the northern province of Marib, Yemen, in this January 22, 2018 photo. (REUTERS)
Updated 23 July 2018
0

Houthis accused of looting humanitarian aid

JEDDAH: The Yemen Scholars Association on Saturday blamed the Iranian-backed Houthi militias for the deterioration of the humanitarian situation in Yemen.
The associated accused the Houthis of looting humanitarian aid.
According to the Yemeni scholars, Houthi actions have resulted in the suspension of salaries of hundreds of thousands of employees for nearly two years.
The Association praised the efforts and humanitarian support of King Salman Humanitarian Aid and Relief Center (KSRelief), which provides, directly and indirectly, most of the humanitarian relief support for the Yemeni people.
The Yemen Scholars Association condemned the Houthi militia for looting relief aid in areas under its control.
According to a human rights report, At least 113 people have been tortured to death in detention centers in Yemen run by the Houthis since the coup began
Yemeni Human Rights Minister Mohammed Askar told Arab News that the figures in the report were only estimates and that the real figures were much higher.