Zamil Industrial

Zamil Industrial Investment Company (ZIIC) was founded in 1998. It is headquartered in Dammam, Kingdom of Saudi Arabia, and employs 5,000 people in 50 countries. As an international manufacturing and fabrication group, it provides leading air conditioning, pre-engineered steel buildings, structural steel products, transmission towers, open web joists and decks, and architectural glass processing solutions to meet the requirements of the global construction industry through its three sector businesses: Zamil Air Conditioners (www.zamilac.com), Zamil Steel Industries (www.zamilsteel.com) and Zamil Glass Industries (www.zamilglass.com). ZIIC exports to more than 75 markets and derives 50% of revenues from outside Saudi Arabia. For the year ended 31 December 2003, ZIIC posted turnover of SAR 1.55 billion (US$ 414.2m), a growth of 11% over 2002. Post Zakat earnings per share also grew by 11% to SAR 8.39 ($2.24), up from SAR 7.56 ($2.02) during the same period in 2002. ZIIC's shares have been actively traded on the Saudi Equity Market since early 2002.