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Saturday, November 28 - 2009

Zamil Glass wins new projects in Kuwait

  • Saudi Arabia: Saturday, September 08 - 2007 at 08:53
  • PRESS RELEASE

Zamil Glass, a business unit of Zamil Industrial and the prominent processor of architectural glass serving contractors and end users in the Kingdom of Saudi Arabia and the GCC region, has been awarded several prestigious projects in Kuwait with a combined value of SAR 20 million (USD 5.3 million).

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Amongst these projects, Zamil Glass will supply 34,000 square meters of shaped structural glazed unitized units to Kuwait Trade Center, a 40-storey landmark tower and commercial complex located in the heart of Kuwait City. The second contract requires the supply of high performance guardian glass and Fire rated glass from Trosch to Shaikh Jaber Al-Ahmad Al-Sabah International Stadium, a state-of-the-art sports stadium for athletics events and soccer matches.

Zamil Glass has also secured major agreements to supply Solar-e Blue laminated glass to Kuwait Oil Company (KOC) and Kuwait International Airport. In addition, the company will supply tempered laminated glass to a commercial facility owned by Al Jawhara Company and to Maidan Hospital, a modern 22-storey world class medical center.

"These new projects in Kuwait reinforce Zamil Glass's already strong presence in the GCC region. We have earned a good reputation within the Kuwaiti market from past performance,"


says Bader Haddad, General Manager of Zamil Glass. "The combination of our experienced technical staff and the support of our parent company, Zamil Industrial, uniquely qualifies us to significantly contribute to these ambitious architectural undertakings and positions Zamil Glass for future growth and achievement."

Zamil Glass has supplied quality products for a large number of projects throughout the GCC and Middle East and has made a significant contribution to building the region's infrastructure. The company's recent purchase of advanced machinery and equipment - including the latest tempering line in the market - will even further improve its manufacturing capabilities and increase production capacity to meet the ever-increasing demand for high quality architectural glass products in the GCC region.

About Zamil Glass Industries (www.zamilglass.com)
Zamil Glass Industries (ZGI) was founded in 1983 in Dammam First Industrial City, Kingdom of Saudi Arabia. It is a prominent processor of architectural glass, including tempered, heat strengthened, laminated, insulating, heat mirror high performance and fire resistant glass. ZGI's products serve the requirements of the construction industry in GCC countries and in selected international markets.

ZGI is one of four sector businesses of Zamil Industrial Investment Company.
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About Zamil Industrial Investment Company
Zamil Industrial Investment Company (ZIIC) was founded in 1998. It is headquartered in Dammam, Kingdom of Saudi Arabia, and employs more than 7,400 people in 55 countries. As an international manufacturing and fabrication group, it provides leading air conditioning, pre-engineered steel buildings, structural steel products, process equipment, transmission and telecommunications towers, open web joists and decks, architectural glass processing, aerated concrete products and fiberglass insulation solutions to meet the requirements of the global construction industry through its four sector businesses: Zamil Air Conditioners (www.zamilac.com), Zamil Steel Industries (www.zamilsteel.com), Zamil Glass Industries (www.zamilglass.com) and Arabian Fiberglass Insulation Co. Ltd. (www.afico.com.sa).

For the year ended 31 December 2006, ZIIC posted turnover of SAR 2.87 billion/USD 764.7 million, a growth of 21% over 2005, with net profit, after Zakat contribution, of SAR 191.7 million/USD 51.1 million. Post Zakat Earnings Per Share during 2006 grew to SAR 4.26/USD 1.14 from SAR 2.36/USD 0.63 representing 80.2 percent growth. Shareholders' equity grew by 26.2% to SAR 741.5 million/USD 197.7 million. Export sales accounted for SAR 1105.6 million/USD 294.8 million representing 39% of total revenues and 18.4% growth over 2005. ZIIC exports to more than 80 international markets.

ZIIC shares are actively traded on the Saudi Stock Market. More information can be found at www.ziic.com.

-- Ends --

For more information on this press release, contact Said Al-Daajani, Zamil Industrial Investment Company, Corporate Communications, Tel: (966) 3 8471840, Fax: (966) 3 8472574, or e-mail: saidaldaajani@ziic.com

Issued on behalf of Zamil Industrial Investment Company by Hill & Knowlton. For more information contact Sami Amin on Tel: +973 17 533532, Fax: +973 17 533370

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