SAUDI ADVANCED INDUSTRIES CO 2120.SE :

* SIGNS MOU TO SELL ONE OF ITS INVESTMENTS

* RECEIVES INITIAL OFFER TO BUY ALSALAM AEROSPACE INDUSTRIES ENITRE STAKE OF 10 PERCENT FOR 100 MILLION RIYALS

* SAYS MOU WAS SIGNED WITH SAUDI ARABIAN MILITARY INDUSTRIES

Source text for Eikon: ID:nSSE3h05WD Further company coverage: 2120.SE

((Reuters.Briefs@thomsonreuters.com;))