Zamil Group Holding Explained

Zamil Group Holding (Arabic شركة مجموعة الزامل القابضة) is one of the largest investment holdings in Saudi Arabia with headquarters in Al Khobar, Saudi Arabia. Several of its subsidiaries such as Zamil Steel Company, Sipchem, Zamil Industrial are publicly listed in the Saudi Arabia stock exchange.[1] [2]

History

Zamil Group Holding was founded in 1920 in Qassim region in the Kingdom of Saudi Arabia by Sheikh Abdullah Al-Hamad Al-Zamil.[3] [4]

Until 1940 the company operated as a trade and services company, when it diversified into real estate.[5] [6]

In 1974, Zamil Group Holding started manufacturing cooling systems having established Zamil Air Conditioning under the license from Friedrich Air Conditioning Company.[7]

In 1976, Zamil Steel Company was added to Zamil Group and in 1977, Zamil Offshore Services was founded offering engineering and construction services to offshore oil and gas platforms.[8]

In 1998, the company established Zamil Industrial and became the first family company listed on the Saudi Arabia stock exchange.[9]

In 1999, Zamil Group established Sipchem which was a closed joint stock company and was listed on the Saudi Stock exchange in 2006.[10]

In 2004, the company established a petrochemical company Sahara Petrochemical and in 2019 merged with Sipchem.[11]

In June 2010, Zamil Group Holding and Huntsman Corporation, the American petrochemical company, established an ethyleneamine plant in Jubail.[12]

In March 2022, Zamil Offshore, a shipbuilder branch in Zamil Group Holding, joined Navantia, Spanish state-owned shipbuilding company, in building interceptors for the vessels of the Royal Saudi Navy.[13]

Notes and References

  1. Web site: Al Zamil Group (Al Zamil Group) - Family Office, Bahrain - SWFI . www.swfinstitute.org.
  2. Web site: Mughal . Waqar . Zamil Group Holding - Top 100 Arab Family Businesses in the Middle East 2021 . Forbes Lists.
  3. Book: Business and entrepreneurship in Saudi Arabia : opportunities for partnering and investing in emerging businesses . 8 September 2016 . Hoboken . New Jersey . 9781119296188 . 109.
  4. Web site: المحلية . الوسط-محرر الشئون . البحرين تودع اليوم الوجيه محمد الزامل . صحيفة الوسط البحرينية . ar.
  5. Web site: إمبراطورية الزامل.. من دكان إلى مجموعة صناعية وتجارية - أخبار السعودية صحيفة عكاظ . 17 February 2022. https://web.archive.org/web/20220217012531/https://www.okaz.com.sa/local/na/1565804 . 2022-02-17 .
  6. Web site: Zamil Group: family to the core Campden FB . www.campdenfb.com . en.
  7. Web site: Zamil buys Indian coil company, reduces interests in Geoclima . www.acr-news.com.
  8. Web site: Zamil: From Strength to Strength Arab News . 16 February 2022. https://web.archive.org/web/20220216190604/https://www.arabnews.com/node/291919 . 2022-02-16 .
  9. Web site: [15 OCT 1998 ] Article No : 233 ]. 16 February 2022 . https://web.archive.org/web/20220216190602/https://www.al-jazirah.com/1998/19981015/p233.htm . 16 February 2022 . dead.
  10. Web site: Sahara International Petrochemical Co. .
  11. Web site: Saudi's Sipchem, Sahara Petrochemical to resume merger talks . Reuters . en . 13 March 2018.
  12. Web site: Zamil and Huntsman joint venture begins production Campden FB . 16 February 2022. https://web.archive.org/web/20220216193953/https://www.campdenfb.com/article/zamil-and-huntsman-joint-venture-begins-production . 2022-02-16 .
  13. Web site: 2022-03-12 . Zamil partners with Spain's Navantia to build interceptors for Royal Saudi Navy . 2022-08-01 . Arab News . en.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Zamil Group Holding".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.