Zamil Steel Industries awarded stage II contract for Shoaiba Power Plant Project

Notes and media contacts

About Zamil Steel Industries
Founded in 1977, Zamil Steel Industries (ZSI) is a global leader in the manufacture of pre-engineered steel buildings and the Middle East's premier supplier of steel structures, transmission and telecommunications towers, open web steel joists and floor deckings.
Products are marketed in more than 70 countries through a network of 50 sales offices, 59 certified builders and 27 agents and distributors. ZSI's main factories are located in Dammam First and Second Industrial Cities, with additional factories located in Egypt and Vietnam. More than 400 engineers are employed in its engineering departments in Saudi Arabia, Jordan, Egypt, Vietnam and India.

ZSI is one of three sector businesses of Zamil Industrial Investment Company.

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 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. More information can be found at www.ziic.com.

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.

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