The award was presented at the sixth annual GCC ceremony honoring distinguished private sector companies and establishments for their sustained efforts to localize jobs.
The celebration was organized on the occasion of the 24th session of the Labor and Social Affairs Ministers of the Gulf Cooperation Council (GCC), held in Riyadh from 13-14 November 2007. Dr. Abdulrahman A. Al Zamil, Chairman of the Board of Directors of Zamil Industrial, was honored by HE Dr. Ghazi Al-Ghosaibi, Minister of Labor, in recognition of Zamil Air Conditioners' success in phasing in Saudi workers and professionals.
The recognition for Zamil Air Conditioners pioneering role as one of the national companies in the Kingdom of Saudi Arabia actively supporting employment opportunities and providing quality technical and on-the-job vocational training programs for its local staff.
In his speech, Dr. Al Zamil cited the extraordinary efforts of the GCC countries in general and Saudi Arabia in particular towards facilitating the localization process of the workforce, emphasizing the role of the Riyadh based Human Resources Development Fund (HRDF) to share in the training costs and encourage companies to do more for Saudi labor to enhance the Kingdom's technical resources capabilities.
One of the most important features of Zamil Air Conditioners Saudization plan is the integration of job training programs, where Saudi youth go through several training stages prior to assignment in their final positions on the production lines or elsewhere within the company. This program aims at providing worker-trainee the necessary skills to make him feel he belongs to a caring company.
Zamil Air Conditioners' regular curricula and training workshops are carefully balanced between theoretical and practical training. The ultimate goal is the improvement of the skills of Saudi youth in various fields. Since it inception in 1975, the issue of localizing jobs in Zamil Air Conditioners has been one of the most critical issues. A strategy was implemented by management to complement the relentless efforts exerted by the government to provide real working opportunities for Saudi youth.
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Zamil Air Conditioners gets GCC Award of Distinction
- Saudi Arabia: Monday, November 19 - 2007 at 11:42
- PRESS RELEASE
Zamil Air Conditioners, a sector business of Zamil Industrial, has been honored with the 'Award of Distinction' for its Saudization program designed to create employment opportunities for Saudi nationals.
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About Zamil Air ConditionersZamil Air Conditioners was founded in 1974 as one of the first air conditioning business to be established in Saudi Arabia and today is a leading international manufacturer of air conditioning systems and is Number 1 in the Middle East. It designs, manufactures, tests, markets and services a comprehensive range of air conditioning products, from compact room air conditioners and mini splits to large scale central air conditioners, chillers and air handling units for highly specialized commercial and industrial applications. These products and services are marketed under various brand names - Classic, Cooline, Cool Care, Clima Tech, Kessler Clima Tech and Geoclima - depending on specific markets. Zamil Air Conditioners' factories are located in Dammam, Saudi Arabia and Italy.
Zamil Air Conditioners is also involved in the production of branded air conditioners for several leading international manufacturers under Original Equipment Manufacturer (OEM) agreements. It operates a joint venture between Zamil Industrial and General Electric, called Middle East Air Conditioners Ltd. (MEAC).
Zamil Air Conditioners has been vigorously moving into newer markets, seeking strategic alliances and investing heavily in R&D.
Zamil Air Conditioners is one of four sector businesses of Zamil Industrial.
About Zamil Industrial
Zamil Industrial was founded in 1998. It is headquartered in Dammam, Kingdom of Saudi Arabia, and employs more than 8,200 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, Zamil Industrial posted turnover of SAR2.87bn/$764.7m, a growth of 21% over 2005, with net profit, after Zakat contribution, of SAR191.7m/$51.1m. Post Zakat Earnings Per Share during 2006 grew to SAR4.26/$1.14 from SAR2.36/$0.63 representing 80.2% growth. Shareholders' equity grew by 26.2% to SAR741.5m/$197.7m. Export sales accounted for SAR1105.6m/$294.8m representing 39% of total revenues and 18.4% growth over 2005. Zamil Industrial exports to more than 80 international markets.
Zamil Industrial shares are actively traded on the Saudi Stock Market. More information can be found at www.zamilindustrial.com.
For more information on this press release, contact Said Al-Daajani, Zamil Industrial - Corporate Communications, Tel: (966) 3 8471840, Fax: (966) 3 8472574
Posted by Anne-Birte Stensgaard, Senior News EditorMonday, November 19 - 2007 at 11:42 UAE local time (GMT+4)
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