April 20, 2018 1:39 PM ET

Metals and Mining

Company Overview of Zamil Industrial Investment Company

Company Overview

Zamil Industrial Investment Company, together with its subsidiaries, engages in the design, engineering, manufacturing, and fabrication of construction materials, pre-engineering steel buildings, steel structures, air conditions, and climate control systems. It operates through four segments: Air Conditioners Industry, Steel Industry, Insulation Industry, and Corporate and Others. The company provides process equipment, transmission and telecommunication towers, open web steel joists, and roof and floor steel decks; construction products and building envelope materials, such as sandwich panels; and engineering services and turnkey solutions for the supply and installation of the roof coverin...

PO Box 14441

Dammam,  31424

Saudi Arabia

Founded in 1974

Phone:

966 13 810 8111

Fax:

966 13 810 8199

Key Executives for Zamil Industrial Investment Company

Zamil Industrial Investment Company does not have any Key Executives recorded.

Zamil Industrial Investment Company Key Developments

Zamil Industrial Investment Company, Annual General Meeting, Dec 31, 2017

Zamil Industrial Investment Company, Annual General Meeting, Dec 31, 2017, at 18:30 Arab Standard Time. Location: Zamil Air Conditioners Auditorium Dammam City Saudi Arabia Agenda: To vote on the updated Audit Committee Charter; to vote on the Updated Nomination & Remuneration Charter; to vote on the updated Board Membership Policy; and to vote on the Board, Committees, and Executive Management Remuneration Policy.

Zamil Industrial Investment Co. Announces Financial Results for the Third Quarter and Nine Months Ended September 30, 2017

Zamil Industrial Investment Co. announced financial results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported net profit of SAR 21,936,000 compared to SAR 41,154,000 a year ago. Operational profit was SAR 41,078,000 compared to SAR 73,914,000 a year ago. Decrease in Net Profit was due to lower sales and operating margins in AC, Steel and Insulation sectors. The decrease is also due to reduction income from associate investments and increase in financial charges. Revenues during the current quarter amounts to SAR 1,022.9 million compared to SAR 1,099.2 million for the same quarter of last year, a decrease of 6.9%. Total comprehensive income during the quarter amounts to SAR 21.5 million compared to SAR 41.7 million for the similar quarter last year, a decrease of 48.3%, and compared to SR 37.2 million for the previous quarter, a decrease of 42.1%. For the nine months, the company reported net profit of SAR 100,166,000 compared to SAR 145,271,000 a year ago. Operational profit was SAR 170,551,000 compared to SAR 252,106,000 a year ago. Earnings per share was SAR 1.67 compared to SAR 2.42 a year ago. Decrease in net profit was due to lower sales in steel and insulation sectors and lower operating margins in AC, Steel and Insulation sectors attributable to project delays as a result of general slowdown in the contracting business eco-system. Revenues during the first nine months of current year amounts to SAR 3,146.4 million compared to SAR 3,730.7 million for the same period of last year. Total comprehensive income during the first nine months of current year amounts to SAR 105.8 million compared to SAR 139.4 million for the similar period last year, a decrease of 24.1%.

Zamil Industrial Investment Co. Announces Distribution of Dividend for the First Half of 2017

The Board of Directors of Zamil Industrial Investment Co. on August 1, 2017 has recommended the distribution of dividend to the shareholders for the period first half of 2017 of SAR 60,000,000. Dividend per share is SAR 1. Dividend represents 10% of the Face value.

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