Zamil Industrial Investment Company (ZIIC), the international manufacturing and fabrication group focusing on growth segments of the construction industry, posted net profits, after Zakat contributions, of SR106.4 million ($28.4 million) in 2005, representing a net increase of 51.6 per cent over 2004.

ZIIC turnover for 2005 grew to SR2.4 billion, up 20.5 per cent over 2004, while shareholders equity climbed to SR589.5 million, up 19.1 per cent from the previous year.
Post-zakat earnings per share also increased by 51.6 per cent to SR15.19, compared with SR10.02 in 2004.      
Commenting on the group’s financial results, Dr Abdulrahman Al Zamil, chairman, ZIIC, stated: “Our strong performance in 2005 was further enhanced by the kingdom’s vibrant economy, as well as by favourable conditions in the GCC.
 “Our sector businesses, namely steel and air conditioning, have done remarkably well in the Saudi market. We have been awarded major contracts locally and abroad. Our exports continue to support our business growth and expansion strategies as demonstrated by increased demand for our building solutions.”
Dr Al Zamil said revenues generated from exports reached SR934 million, representing 39 per cent of the group’s total sales.
“We have expanded our manufacturing plants and capabilities in the kingdom, while new production facilities are being commissioned in the GCC, Vietnam and India. We foresee sustained growth ahead, and we aim to achieve even better results for our shareholders. We are strategically positioned to take advantage of increased business opportunities that WTO membership will present”.
Headquartered in the Saudi eastern city of Damman, ZIIC was founded in 1998 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. ZIIC operates through its three sector businesses, namely Zamil Air Conditioners, Zamil Steel Industries and Zamil Glass Industries.