Saudi Arabia: Board unveiled for local defence champion Sami

Saudi Arabian Military Industries (Sami), the arms manufacturer set up in May by Crown Prince Mohammed Bin Salman’s favoured vehicle, the state-owned Public Investment Fund, has announced the first members of its board of directors – to be chaired by Ahmed Al-Khateeb. Sami’s executive team will be led by chief executive Andreas Schwer, who joins from German defence firm Rheinmetall Group, whose combat systems division he headed; he was also chairman of Rheinmetall International. Schwer is expected to start work by end-year.