SABIC signs license agreements with MIC, Amiantit

President of MIC Mohammed Almady, SABIC Chairman Abdul Aziz Aljarbou, SABIC Vice Chairman and CEO Yousef Al-Benyan, Director of the General Directorate of the Ministry of Defense’s local manufacturing support Major General Attiya Al-Maliki, Mahmoud Al-Shahwan on behalf of Amiantit CEO Suliman Altwiegry, and senior officials from SABIC, MIC, and Amiantit attended the signing ceremony.
Updated 02 December 2019

SABIC signs license agreements with MIC, Amiantit

SABIC signed license agreements with Military Industries Corporation (MIC) for BR7 armor-level material technology and with Saudi Arabian Amiantit Co. for trackpad rubber formulation technology, during a ceremony at its headquarters in Riyadh on Nov. 25.

As per the first agreement, SABIC will grant a license to MIC for armor-level panel technology meeting Class BR7 standards, and methods for manufacturing such panels.

The second agreement enables Amiantit to get rubber formulation technology for manufacturing trackpads for military tanks, and methods for manufacturing such materials.

The two agreements are expected to not only support domestic producers in manufacturing world-class armor and trackpad material but also help in creating jobs and building a competitive local workforce. The agreements, which follow SABIC’s commitment to contribute in localizing technologies and industries in line with the Kingdom’s Vision 2030, strengthen the collaboration between the private and public sectors in the field of military defense.

President of MIC Mohammed Almady, SABIC Chairman Abdul Aziz Aljarbou, SABIC Vice Chairman and CEO Yousef Al-Benyan, Director of the General Directorate of the Ministry of Defense’s local manufacturing support Major General Attiya Al-Maliki, Mahmoud Al-Shahwan on behalf of Amiantit CEO Suliman Altwiegry, and senior officials from SABIC, MIC, and Amiantit attended the signing ceremony.


Zain KSA celebrates key 5G milestone

Updated 14 December 2019

Zain KSA celebrates key 5G milestone

Zain KSA celebrated the finalization of the first phase of the Middle East’s largest 5G network in a special event on Dec. 8 at the Hilton Riyadh. The ceremony, held under the patronage of Minister of Communications and Information Technology Abdullah bin Amer Al-Sawaha, was attended by Zain KSA Chairman Prince Nayef bin Sultan bin Muhammed bin Saud Al-Kabeer, Governor of Communications and Information Technology Commission Dr. Muhammed bin Saud Al-Tamimi, Deputy Minister of Communications and Information Technology Haitham bin Abdulrahman Al-Ohali, and Zain KSA CEO Sultan bin Abdul Aziz Al-Deghaither, along with other dignitaries in the ICT sector.

Prince Nayef said: “Zain KSA’s achievement accompanies the speedy development and innovative services of the digital revolution that the world around us is witnessing. This achievement is significant in its timing, as it coincides with the rapid rise of the Kingdom’s ranking in several prestigious international reports, specifically in the ICT sector. Another aspect that makes this achievement noteworthy is its size, as it offers the broadest coverage of the 5G network, which has positioned the Kingdom as the first in the Middle East, Europe and Africa.”

Prince Nayef pointed out the concurrence of Zain KSA’s accomplishment with the Kingdom’s growing pivotal role at the global economic level, and in becoming the first Arab country to preside over the G20 summit. He affirmed Zain’s commitment to keeping pace with the Kingdom’s economic ambitions in line with its position in employing young national talent. He said the Saudization rate in the company has reached 86 percent, with young Saudis assuming 92 percent of leadership positions.

CEO Al-Deghaither said through its completion of the first phase of the 5G network, Zain KSA confirms its commitment to becoming a key player in the ICT sector. “Zain KSA has made several significant achievements since its inception. Today, we proudly announce that the company has the widest 5G network coverage in the Kingdom and the region.” 

He added that the 5G technology will lead the Kingdom toward a new world with its substantial technologies and capabilities, which will be evident in various sectors through the Internet of Things and the business sector, in addition to other daily functions that will make customer experience easier and more effective.”

Al-Deghaither said that this step comes at a time when Zain KSA is witnessing its best operational performance by reaching the highest profit over the past two years, with SR380 million ($101.3 million) during the first nine months of 2019, and a total of SR332 million for 2018.

With the completion of the first phase of the 5G network, Zain KSA is now offering a range of packages of 5G services for individuals and businesses through a network of 2,600 towers distributed across 27 cities.