Editing Advanced Electronics Company Limited

{{Short description|Saudi Arabian state-owned company}}
{{infobox company
| name = SAMI Advanced Electronics Company
| logo = Advanced-Electronics-Company-new-logo.jpg
| image = MAS 0061 -new.jpg
| industry = [[Electronics]], [[Military technology]], [[Digital electronics|Digital]]
| founded = {{Start date and age|1988}}
| founder = 
| defunct = 
| fate = 
| hq_location_city = [[Riyadh]]
| hq_location_country = [[Saudi Arabia]]
| area_served = [[Saudi Arabia]]
| key_people = Ziad Al Musallam (President & CEO)
| genre = 
| products = 
| services = 
| operating_income = 
| net_income = 
| aum = 
| assets = 
| equity = 
| num_employees = 2000+
| parent = [[Saudi Arabian Military Industries]]
| divisions = 
| subsid = Advanced Electronics Support Services Company (AESSCO) <ref>{{Cite web|url=https://www.aecl.com/en/about-aec/subsidiaries/|title=SAMI-AEC Subsidiaries|website=www.aecl.com}}</ref>
| footnotes = 
| intl = 
| caption = 
| homepage = {{official|www.aecl.com}}
}}

'''Advanced Electronics Company''' ('''AEC''') is a 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 state owned organization specializing in the field of defense, energy, Digital & security services, and modern electronics. AEC is a subsidiary of [[state-owned enterprise|state-owned]] [[defense company]] [[Saudi Arabian Military Industries]], whose parent company is [[Public Investment Fund|Public Investment Fund (PIF)]].<ref>{{Cite web |last=Arabiya |first=Al |date=20 May 2020 |title=Saudi Arabian Military Industries acquires ownership of Advanced Electronics Company |url=https://english.alarabiya.net/business/economy/2019/06/25/Saudi-Arabian-Military-Industries-acquires-ownership-of-Advanced-Electronics-Company |access-date=2 September 2024 |website=english.alarabiya.net}}</ref>

== 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.<ref>{{Cite web|title=Arabian Aerospace - SAMI acquires Advanced Electronics Company|url=https://www.arabianaerospace.aero/sami-acquires-advanced-electronics-company.html|access-date=2021-01-04|website=www.arabianaerospace.aero}}</ref> It is the largest military industries deal ever concluded in Saudi Arabia.<ref>{{Cite web|date=2020-12-28|title=SAMI acquires AEC in KSA's biggest military deal|url=http://saudigazette.com.sa/article/601889|access-date=2021-01-04|website=Saudigazette|language=English}}</ref>

In 2021, Ziad bin Houmod Al-Musallam was appointed the CEO of AEC.<ref>{{Cite web|date=2021-03-22|title=Who's Who: Ziad bin Houmod Al-Musallam, CEO of the Advanced Electronics Co., a Saudi Arabian Military Industries company|url=https://arab.news/bf9p9|access-date=2021-03-23|website=Arab News|language=en}}</ref>

==See also==
* [[Prince Sultan Advanced Technology Research Institute]] - a Saudi defense research and development partner.<ref name="PSATRI-AECL-Agreement">{{cite news|url=http://www.alriyadh.com/602591|title=Partnership between Advanced Electronics and Prince Sultan Advanced Technology Research Institute.|author=<!--Staff writer(s); no by-line.-->|newspaper=[[Al Riyadh (newspaper)|Al Riyadh(الرياض) (newspaper)]]|publisher=[[Al Riyadh (newspaper)|Al Riyadh(الرياض) (newspaper)]]|date=8 February 2011}}</ref>

==References==
{{Reflist}}

{{DEFAULTSORT:Advanced Electronics Company Limited}}
[[Category:Electronics companies established in 1988]]
[[Category:Companies based in Riyadh]]
[[Category:Electronics companies of Saudi Arabia]]
[[Category:Defence companies of Saudi Arabia]]
[[Category:Saudi Arabian companies established in 1988]]


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