ZAMIL STEEL: SAUDI ARABIA

February 18, 2007 at 3:08 pm | Posted in Economics, Financial, Globalization, Middle East, Research | Leave a comment

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Press Release

18 February 2007

Zamil Steel Reports Increased Attendance at BAU 2007

www.ziic.com

Zamil Steel participated in BAU 2007, the world’s largest building materials trade fair. The bi-annual event was recently held at the New Munich Trade Fair Center in Germany.

This year’s BAU 2007 was deemed a success by organizers, exhibitors and visitors alike. With more than 206,000 visitors in attendance, 36,000 alone from countries outside Europe, the mood was upbeat and everyone was eager to learn about new products and technologies, initiate new business relationships and revitalize old ones.

Adding to the enthusiasm about record attendance figures was the optimism about the current economic state of the building industry. Survey figures demonstrated a distinct sea change in expectations from the 2005 event. The number of surveyed participants that perceive conditions as ‘excellent to good’ increased from 38% in 2005 to 86% this year.

The increased attendance figures indicated new participants from a steadily increasing number of countries – 143 at this year’s event. More visitors and exhibitors than ever before arrived from countries in the Middle East, East Asia and South/Southeast Europe.

Both new building and renovation and modernization were strongly integrated into this year’s theme at BAU 2007. Energy efficient products, tools, and technologies appeared across the exhibit floor, also in record numbers, in response to the needs and interest of visitors.

Of all the trade fairs in Europe, BAU features the most comprehensive selection of materials for industrial construction, building construction, housing construction and interior outfitting. Our participation in this event allowed us to show our wide range of steel products and solutions, present our prestigious portfolio of international projects, and allowed us to exchange industry trends and expertise with leading professionals from the regional and international construction industry,” said Hatem Turki, Marketing Manager, Zamil Steel PEB Division.

Special product displays focused on lifts and escalators, solar energy systems and urban design generated a great deal of interest, especially from visitors who had come from countries outside Europe. In addition, several organizations scheduled their annual awards presentations to take place during the event, which added to the mood of excitement among attendees.

Zamil Steel reports extreme satisfaction with the number of visitors greeted and partnership opportunities initiated. We look forward to BAU 2009 as well as the interim period of success and innovation across the entire building industry,” added Mr. Turki.

About Zamil Steel Industries (www.zamilsteel.com)

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, to design and fabricate open web steel joists and floor decks.

ZS 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 and Vietnam. More than 500 engineers are employed in its engineering departments in Saudi Arabia, Jordan, Egypt, Vietnam and India.

ZSI is one of four 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 more than 6,500 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 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, ZIIC posted turnover of SAR 2.87 billion/USD 765.1 million, a growth of 21.1% over 2005, with net profit, after

Zakat contribution, of SAR 191.7 million/USD 51.1 million. Post Zakat Earnings Per Share during 2006 grew to SAR 4.26/USD 1.14 from SAR 2.36/USD 0.63 representing 80.2 percent

growth. Shareholders’ equity grew by 26.4% to SAR 742.9 million/USD 198.1 million. Export sales accounted for SAR 1017.5 million/USD 295.3 million representing 39% of total revenues and 18.6% growth over 2005. ZIIC exports to more than 80 international markets.

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

– Ends –

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, or e-mail: saidaldaajani@ziic.com

Issued on behalf of Zamil Industrial Investment Company by Hill & Knowlton. For more information contact Sami Amin on Tel: +973 17 533532, Fax: +973 17 533370, or e-mail: sami.amin@hillandknowlton.com

ZIIC Press Release for today – BAU 2007

Neena Punnen Neena.Punnen@hillandknowlton.com

Sunday, February 18, 2007

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