SITE, a PIF company and the national cybersecurity champion, agreed to invest SAR500m in AhnLab, a cybersecurity company in South Korea. “This new investment is one of many that SITE is developing. We recognize our national strategic role to localize top-tier cybersecurity technologies in our country and the region as a whole, to address the ever-growing market dynamics and demands, while maintaining the highest standards of excellence to our clients in both the public and private sectors in the Kingdom and the region,” Dr. Saad Alaboodi, SITE CEO.