
SAMI to Showcase Cutting-Edge Innovations at Saudi Pavilion at IDEX 2025
The Saudi Arabian Military Industries (SAMI), a Public Investment Fund company, announced on Sunday its participation in the International Defense Exhibition and Conference (IDEX) 2025 under the Saudi Pavilion led and organized by the General Authority for Military Industries (GAMI).
The exhibition is scheduled to take place from February 17 to 21 in Abu Dhabi, UAE.
The Saudi Pavilion will bring together leading Saudi government agencies and companies specialized in the field of military industries, where SAMI will showcase its latest products across its various divisions.
In a statement, SAMI said key exhibits will feature SAMI Land's upgraded SAMI Light Armored Tactical Vehicle (SLTV) with new and improved specifications, and ROAYA, the Remote Turret—both cutting-edge products designed and built entirely in Saudi Arabia.
SAMI AEC will showcase its innovations in command, control, communications, and intelligence (C4I) systems, alongside other advanced systems and products.
As Saudi Arabia's leading national defense partner, SAMI's presence at IDEX 2025 underscores its commitment to supporting Vision 2030's goal of localizing 50% of the Kingdom's defense spending.
"Through its participation, SAMI highlights the remarkable growth and transformation within the Kingdom's defense sector, fostering innovation, empowering national talent, and strengthening Saudi Arabia's position on the global stage," said the statement.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


3yon News
an hour ago
- 3yon News
إعلان شركة نفوذ للمنتجات الغذائية عن نتائج إجتماع الجمعية العامة غير العادية التي تضمنت الموافقة على زيادة رأس مال الشركة (الاجتماع الأول)
1. The company's financial statements for the fiscal year ending on December 31, 2024, were reviewed and discussed. 2. The Board of Directors' report for the fiscal year ending on December 31, 2024, was reviewed and discussed. 3. Approval of the auditor's report for the fiscal year ending on December 31, 2024, after discussion. 4. Approval of appointing Alzoman, Alfahad & Alhajjaj professional services Chartered Accountants as the company's external auditor from among the nominated firms based on the recommendation of the Audit Committee, to examine, review, and audit the financial statements for Q2, Q3, and the annual financials of 2025, and Q1 of 2026, with a total fee of SAR 390,000. 5. Approval of allowing Board Member Mr. Faisal bin Abdullah Al-Omaiqan to engage in activities competing with the company's business. 6. Approval of authorizing the Board of Directors with the powers of the Ordinary General Assembly as stated in paragraph (1) of Article 27 of the Companies Law for a period of one year from the date of this General Assembly's approval or until the end of the term of the authorized Board, whichever comes first, in accordance with the relevant executive regulations for listed joint-stock companies. 7. Approval of discharging the members of the Board of Directors from liability for the fiscal year ending December 31, 2024. 8. Approval of the Board of Directors' recommendation to distribute cash dividends amounting to SAR 11,908,359 (eleven million, nine hundred eight thousand, three hundred fifty-nine Saudi riyals) to shareholders for the fiscal period ending December 31, 2024, at SAR 0.25 per share, representing 25% of the nominal value of the share. Eligibility shall be for shareholders holding shares at the end of the trading day on the date of the General Assembly and registered in the company's shareholders register at the Securities Depository Center (Edaa) by the end of the second trading day following the eligibility date. Dividend distribution will commence on 15-06-2025. 9. Approval of disbursing board member remuneration in the amount of SAR 990,000 for the fiscal year ending December 31, 2024. 10. Approval of disbursing Audit Committee member remuneration in the amount of SAR 164,481 for the fiscal year ending December 31, 2024. 11. Approval of business and contracts to be concluded between the company and Abdullah Ibrahim Al-Omaiqan Real Estate Co., in which Board Members Mr. Faisal Abdullah Ibrahim Al-Omaiqan and Mr. Ibrahim Abdullah Ibrahim Al-Omaiqan have an indirect interest. These involve a lease contract for administrative offices and showrooms located in Al-Nuzha district, Riyadh. The contract duration is two calendar years, with an annual rental value of SAR 1,263,708 (exclusive of VAT). The total value of transactions in 2024 was SAR 1,263,708. These contracts were executed in the ordinary course of business and under prevailing commercial terms without preferential conditions. 12. Approval of business and contracts to be concluded between the company and Mosakhan Waraq Enab Food Services Establishment, in which Board Members Mr. Faisal Abdullah Ibrahim Al-Omaiqan and Mr. Ibrahim Abdullah Ibrahim Al-Omaiqan have an indirect interest. The contract is for the sale of food products with a one-year term. The total value of transactions in 2024 amounted to SAR 597,099 (exclusive of VAT). These contracts were executed in the ordinary course of business and under prevailing commercial terms without preferential conditions. 13. Approval of business and contracts executed between the company and Al-Omaiqan Holidays and Travel, in which Board Members Mr. Faisal Abdullah Ibrahim Al-Omaiqan and Mr. Ibrahim Abdullah Ibrahim Al-Omaiqan have an indirect interest. This involves an agreement to provide ticket booking services. The total value of transactions in 2024 amounted to SAR 367,291 (exclusive of VAT). These transactions were conducted in the ordinary course of business and under prevailing commercial terms without preferential conditions. 14. Approval of the amendment to the Audit Committee Charter. 15. Approval of the amendment to the Nomination and Remuneration Committee Charter. 16. Approval of the amendment to the Policy, Standards, and Procedures of Membership in the Board of Directors and its Committees. 17. Approval of the Competitive Activities Standards. 18. Approval of the Policy on Remuneration for Board Members, Committees, and Executive Management. 19. Approval of the Board of Directors' recommendation to increase the company's capital through the issuance of bonus shares as follows: • The capital increase will be through the capitalization of SAR 48 million from retained earnings, by granting one share for every one share held. • Total increase amount: SAR 48,000,000 • Capital before increase: SAR 48,000,000 • Capital after increase: SAR 96,000,000 • Increase percentage: 100% • Number of shares before the increase: 48,000,000 shares • Number of shares after the increase: 96,000,000 shares The capital increase aims to strengthen the company's financial position, support its expansion plans, and enhance shareholder returns by growing its business and seizing opportunities in the food sector. • Number of bonus shares: 1 share for every 1 share held • The increase will be through the capitalization of SAR 48,000,000 from retained earnings. Eligibility date: Shareholders who own shares by the end of the trading day on the date of the Extraordinary General Assembly and are registered with the Securities Depository Center (Edaa) at the end of the second trading day following the eligibility date. Fractional shares: In the event of fractional shares, they will be grouped in one portfolio and sold at market price. The proceeds will be distributed to eligible shareholders based on their respective entitlements within 30 days from the date of determining the entitled shares for each shareholder. • Approval of the amendment to Article (7) of the company's Articles of Association related to capital. Page 2 الأربعاء 01 مارس 2017 11:18 مساءً Page 3


ArabGT
15 hours ago
- ArabGT
Why Hyundai Prices Are Going Up in 2025
Unofficial reports suggest that Hyundai prices across its 2025 vehicle lineup in the US are set to increase by around 1%. While the percentage may seem small, it translates to an average rise of roughly $400 — or about 1,500 Saudi riyals — on a vehicle priced at $40,000. This upcoming adjustment reflects growing pressure on global automakers, as the industry continues to face soaring costs for raw materials, logistics, and electronic components. Legacy tariffs introduced under President Trump are also contributing to the financial strain. What's Driving the Hyundai Price Increase? Hyundai, like many of its competitors, is navigating rising production expenses tied to materials such as aluminum, steel, and semiconductor chips — all essential to modern vehicles. In a formal statement, a company spokesperson said Hyundai only made this pricing decision after a thorough review of manufacturing and distribution costs to ensure continued quality and customer support. Prior to the anticipated increase, Hyundai prices in the US were approximately: 2025 Hyundai Tucson – $27,000 (≈ 101,250 SAR) 2025 Hyundai Sonata – $25,500 (≈ 95,625 SAR) 2025 Hyundai Palisade – $35,000 (≈ 131,250 SAR) 2025 Hyundai Ioniq 5 – $45,000 (≈ 168,750 SAR) After a 1% increase, expected Hyundai prices would look like this: Tucson – ~$27,270 (≈ 102,262 SAR) Sonata – ~$25,755 (≈ 96,581 SAR) Palisade – ~$35,350 (≈ 132,344 SAR) Ioniq 5 – ~$45,450 (≈ 170,438 SAR) Although the increase may seem modest, it still marks a notable shift for customers navigating a highly competitive car market. Applies to All Models — But There's Wiggle Room Hyundai clarified that the updated Hyundai prices will affect all model types — including EVs, hybrids, and traditional gasoline vehicles — with the changes taking effect for production and deliveries starting June 1, 2025. Buyers, however, may still find opportunities to save. Dealer offers, end-of-inventory sales, and various financing incentives can help cushion the impact. Whether you're eyeing a fuel-sipping Sonata Hybrid or considering the all-electric Ioniq 5, acting before the new pricing takes hold could result in significant savings. Additionally, Hyundai dealers may roll out special incentives such as cash rebates or extended low-interest financing options — up to 72 months on select models — to maintain sales momentum despite the increase in Hyundai prices. Impact on Market Position and Consumer Choices Industry experts suggest that Hyundai's measured approach to raising prices is likely intended to preserve its competitive edge without pushing buyers toward rival brands like Toyota, Nissan, Kia, or Mitsubishi. Still, if Hyundai prices rise beyond the current 1%, some consumers may explore more affordable alternatives or brands with better offers. Other manufacturers, including Ford and General Motors, are reportedly considering similar pricing strategies but are expected to wait for Q2 2025 sales data before making final moves. The expected 1% hike in Hyundai prices for 2025 models highlights the broader cost challenges facing the automotive sector. For buyers, the best advice is to plan ahead, compare incentives, and act quickly if looking to purchase before prices rise. While the increase itself isn't drastic, it underscores the changing dynamics of car pricing in today's economic climate — and raises questions about whether more adjustments are on the horizon.


Leaders
21 hours ago
- Leaders
Saudi FM Arrives in Jordan for Gaza Meeting
The Saudi Foreign Minister, Prince Faisal bin Farhan, has arrived in Amman, the capital of Jordan, to participate in a meeting on Gaza, according to the Saudi Foreign Ministry. On Saturday, Prince Faisal bin Farhan landed in Amman to take part in a meeting of the Ministerial Committee assigned by the Joint Arab-Islamic Extraordinary Summit on the developments in the Gaza Strip. The meeting will explore ways to support efforts to end the war and blockade on Gaza. The meeting originally aimed to coordinate a visit to Ramallah in the occupied West Bank, scheduled on Sunday. However, the visit was postponed due to Israel's decision to prevent the Arab delegation from meeting the President of Palestine, Mahmoud Abbas, according to Jordan's Foreign Ministry. The delegation, which include the foreign ministers of Saudi Arabia, Egypt, Qatar, Jordan and the UAE, condemned the Israeli ban as a 'blatant violation' of Israel's obligations as an occupying power. The Saudi Foreign Minister traveled to Jordan right after an official visit to Syria, where he met with the Syrian Transitional President, Ahmed Al-Sharaa, in Damascus. Prince Faisal was accompanied by a high-level economic delegation to discuss avenues for joint cooperation aimed at supporting Syria's economy, enhancing the development of its governmental institutions, and fulfilling the aspirations of the Syrian people, the Saudi Foreign Ministry said in a statement. The discussions led to the announcement of a Saudi-Qatari joint financial support package for Syrian public sector employees for three months, according to Saudi Gazette. 'This support aims to contribute to economic and social stability, improve living conditions, and reinforce development efforts in Syria,' Saudi Arabia and Qatar said in a joint statement. Short link : Post Views: 62