Saudi Arabian Military Industries (SAMI) agreed to acquire 10% stake in Alsalam Aerospace Industries from Saudi Advanced Industries Company (SASE:2120) on December 12, 2023.Saudi Arabian Military Industries (SAMI) would take 0.162 million shares for 10% stake in Alsalam Aerospace. For the year ended 2022, Alsalam Aerospace Industries had revenues of SAR 666.79 million and losses of SAR 36.31 million.