ZIIC SUPPORTS LEADERS IN DUBAI - Abdulla Al Zamil a Corporate Ambassador for Second Year

Published November 27th, 2005 - 12:59 GMT

Abdulla Al Zamil, Chief Operating Officer of Zamil Industrial Investment Company (ZIIC), will participate for the second time as a Corporate Ambassador in the ‘Leaders in Dubai 2005’ conference which takes place on 28-29 November.

Attendees will be able to listen to and interact with nine of the world’s most influential thought and business leaders.  As an Arab pioneer in the area of Industrial Investment, Abdulla Al Zamil’s presence is an ideal fit for the event, where the leaders will share experiences, methods and views on the current and future state of affairs in the Arab world and the world at large.

“The Leaders in Dubai conference is a unique gathering of decision makers, business leaders and world thinkers.  This year’s conference comes at an opportune time for the region due to the various Free Trade Agreements and World Trade Organisation memberships, which are either being ratified or have been approved.  The insight the attending leaders can give to the region at this juncture will be of immense benefit,” said Mr. Al Zamil.

He added that successful companies attribute their strength and the added value they provide to the economic cycle to effective leadership. “The challenge for companies entering this new dawn of business in the region and the world is evolving in order to comply with global regulations.  Companies the world over are finding that the future of business is in globalisation, thus learning to work together effectively is a prime directive for most.”

The powerful line-up for the 2005 summit includes some of today’s most influential personalities who will discuss a range of interesting topics including the effects of globalisation, creating corporate longevity, branding and more.  It will also serve to help ensure that those who aspire to positions of great responsibility will have a platform from which to operate.

In addition to the former US President, William Clinton (live via satellite) and former South African President, F. W. De Klerk, the other participating leaders are former US Secretary of State, Madeleine Albright; former President of Malaysia, Dr. Mahathir Bin Mohamad; CEO of Brandstream, Inc., Scott Bedbury; Japanese Management Guru, Kenichi Ohmae; the author of, “Free Agen Nation”, Daniel Pink; the author of, “The Living Company: Habits for Survival in a Turbulent Business Environment”, Arie de Geus; and Chairman of Spencer Johnson Partners, Spencer Johnson.

“This is the second time that we are participating in Leaders in Dubai, and we are proud to be associated with such a powerful and influential summit,” concluded Abdulla Al Zamil.
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 5,500 people in 50 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, 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).

For the year ended 31 December 2004, ZIIC posted turnover of SAR 1.97 billion/USD 525 million, a growth of 26% over 2003.  Post Zakat earnings per share also grew by 40% to SAR 10/USD 2.67, up from SAR 7.17/USD 1.91 during the same period in 2003. Shareholders’ equity grew by 13.2% to SAR 494.9 million/USD 132 million. Export sales accounted for SAR 889.9 million/USD 237.3 million representing a 62.5% growth over 2003. ZIIC exports to more than 75 international markets and derives 45% of its revenues from outside Saudi Arabia.

Total turnover during the first nine months of 2005 was SAR 1.83 billion/USD 489.2 million, an increase of SAR 375 million/USD 100 million over the same period in 2004. Shareholders’ equity increased by 18.7% to SAR 570.7 million/USD 152.2 million compared to the same period in 2004. Net profits after Zakat contributions grew by 48% to SAR 88 million/USD 23.5 million over the equivalent period in 2004. Post Zakat earnings per share grew to SAR 12.6/USD 3.4. Exports during the first nine months of 2005 were at SAR 726.1 million/USD 194 million.

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

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