Saudi Arabian Military Industries Buys a Majority Stake in Aircraft Accessories & Components Company

Posted on 07/16/2019

State-owned Saudi Arabian Military Industries (SAMI), which is owned by Saudi Arabia’s Public Investment Fund (PIF), acquired a majority ownership stake in Jeddah-based Aircraft Accessories & Components Company Co. Ltd. (AACC). AACC operates on the maintenance, repair and overhaul (MRO) sector for aircraft hydraulics. AACC is an entity of the Economic Offset Program established under […]

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