SAMI was founded in 2017 by Saudi’s Public Investment Fund. The company’s five business divisions span aerospace, land, sea, advanced electronics, and defense systems. It employs more than 2,500 people. SAMI has multiple joint venture agreements with companies, including Airbus, Figeac Aero, and Lockheed Martin. It established SAMI Composites LLC and Ammunition Industrial Complex in 2021. In 2021, SAMI’s annual revenues rose by 2,407%, and the value of its contracts and backlog exceeded $2.7 billion. Previously, Abukhaled held CEO positions at Northrop Grumman Middle East and GE in Saudi Arabia and Bahrain. He was appointed Saudi’s Deputy Minister for Industrial Affairs at the Ministry of Commerce and Industry in 2013.