# SAMI acquires 10% stake in Al-Salam Aerospace from Saudi Advanced Industries

Saudi Advanced Industries sold its entire 10% stake in Al-Salam Aerospace Industries to Saudi Arabian Military Industries (SAMI) for a book value of $5.2 million.

- Type: Acquisition
- Announced: 2023-12-13
- Where: Saudi Arabia
- Value: $5.20M
- Status: announced
- Products: aerospace products
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Saudi Arabian Military Industries (SAMI)](https://endata.com/companies/59445.md) (acquirer)
- [Saudi Advanced Industries](https://endata.com/companies/74560.md) (partner)
- [Al-Salam Aerospace Industries](https://endata.com/companies/74561.md) (target)

## Sources

- [naval-technology.com](https://www.naval-technology.com/news/signal-saudi-advanced-industries-sellsal-salam-aerospace-stake/), 2023-12-20: "Saudi Advanced Industries has announced the signing of an agreement to sell its entire 10% stake of Al-Salam Aerospace Industries to Saudi Arabian Military Industries (SAMI)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.