Zamil Industrial

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Zamil Industrial Investment Co. (Zamil Industrial)
ISIN SA0007879410  OOjs UI icon edit-ltr-progressive.svg
Industry Manufacturing, Construction
FoundedJuly 8, 1998;26 years ago (July 8, 1998)
HeadquartersSaudi Arabia
Key people
Abdulla M. Al Zamil
Chairman
Ahmed Zaatari
Chief Executive Officer
Products Pre-engineered building, Structural steel, Air conditioning and climate control systems, telecom and transmission towers, process equipment, Precast concrete building products, Fiberglass and Rock wool Building insulation materials, and Solar power projects
Revenue6.0 bn SAR (2024)
Total assets 4.9 bn SAR (2024)
Number of employees
11,000+ (2024)
Subsidiaries Zamil Steel, Zamil AC, ZODCON, Gulf Insulation Group.
Websitewww.zamilindustrial.com

Zamil Industrial Investment Co. (Arabic : شركة الزامل للاستثمار الصناعي), better known as Zamil Industrial (Arabic : الزامل للصناعة) is a publicly listed company based in Dammam, Saudi Arabia. [1] [2] Zamil Industrial is engaged in the development of various materials and equipment for use in the construction industry. [3] Zamil Group Holding Company owns 20% of Zamil Industrial stocks, while the remaining share is owned by other companies and investors. It is listed on the Saudi Stock Exchange (Tadawul). According to Forbes Middle East, Zamil Industrial was among the top 500 companies in the Arab world in 2014. [4]

Contents

History

Originally founded as a small-size trading and real estate business by the late Sheikh Abdullah Al Hamad Al Zamil (1897-1961) in the 1930s, his sons expanded the business in the 1970s by importing and distributing air conditioners, eventually founding their company in 1974. [5]

In 1998, Zamil Industrial was formed as a joint-stock company by merging companies that were previously fully owned by their parent company, Zamil Group Holding Company. [6] In 2002, Zamil Industrial Investment Co. became a public company and was listed on the Saudi Stock Exchange (Tadawul) under the symbol: 2240. [7] [8] Through mergers and acquisitions, Zamil Industrial has grown and expanded into many countries around the world. [9]

Subsidiaries

Zamil Industrial Investment Co. owns the whole stake of the following companies, among other subsidiaries: [10]

References

  1. ↑ "2240 - Zamil Industrial Investment Co". Archived from the original on February 1, 2014.
  2. ↑ "Zamil Industrial Investment Co - Company Profile and News". Bloomberg. Retrieved 2021-11-04.
  3. ↑ "Zamil Industrial Investment Company (ZIIC) - Company Profile". Zawya . Retrieved 2021-11-04.
  4. ↑ "Top 500 Companies In the Arab World 2014". Forbes Middle East. Archived from the original on 2020-06-09. Retrieved 2021-11-04.
  5. ↑ ""مكيفات الزامل" تطلق أول منتجاتها في السوق اليمنية". Argaam (in Arabic). Retrieved 2021-11-04.
  6. ↑ Zamil Industrial Investment Company, Arabian Business . Retrieved 2021-11-04
  7. ↑ "History". Zamil Industrial. Retrieved 2021-11-04.
  8. ↑ Burton, Edward (2016). Business and entrepreneurship in Saudi Arabia : opportunities for partnering and investing in emerging businesses. Hoboken, New Jersey. p. 111. ISBN   978-1-119-29617-1. OCLC   958946695.{{cite book}}: CS1 maint: location missing publisher (link)
  9. ↑ "Saudi company's growth mirrors kingdom's history". Financial Times . 2013-06-24. Retrieved 2021-11-04.
  10. ↑ "Investments and Subsidiaries". Zamil Industrial. Retrieved 2021-11-04.
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