Zamil Steel Indian operations begins trial production

About Zamil Steel Industries
Founded in 1977, Zamil Steel (ZS) is a global leader in the manufacture of pre-engineered steel buildings and the Middle East's premier supplier of structural steel products and process equipment, transmission and telecommunications towers. Zamil steel operates a joint venture between Zamil Industrial Investment Company and Steel Plus, a subsidiary of Canam Group, Canada, called Canam Asia Ltd. (CAL), to design and fabricate open web steel joists and roof and floor steel decks.

Zamil Steel manufactures a total 250,000 MT of fabricated steel per annum of low rise and high rise steel buildings and structures for diverse industrial, commercial, agriculture, aviation, entertainment and military applications and support of infrastructure and development projects. Zamil Steel's products are sold in more than 80 countries through an international network of dedicated sales and representative offices, certified builders, agents and distributors.

Zamil Steel's main factories are based in Dammam, Saudi Arabia. Additional factories are located in Egypt, Vietnam and Ras Al Khaima (UAE). More than 600 engineers are employed in its engineering departments in Saudi Arabia, Jordan, Egypt, Vietnam and India.

Zamil Steel 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 2007, Zamil Industrial posted turnover of SR3.68bn/$982m, a growth of 28.4% over 2006, with net profit, after Zakat contribution, of SR206.5m/$55.1m. Post Zakat Earnings Per Share during 2007 grew to SR4.59/$1.22 from SR4.26/$1.14 representing 7.8% growth. Shareholders' equity grew by 20.6% to SR894.3m/$238.5m. Export sales accounted for SR1331.7m/$355.2m representing 36% of total revenue and 20.4% growth over 2006. 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.

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