Zamil Industrial Explained

Zamil Industrial Investment Co. (Zamil Industrial)
Industry:Manufacturing, Construction
Key People:Abdulla M. Al Zamil
Chairman
Mohammed S. Al Harbi
MD
Assets:SAR 5,903,471,000 (2022)
Num Employees:9,000+ (2023)
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
Revenue:SAR 3,926,186,000 (2022)

Zamil Industrial Investment Co. (Arabic: شركة الزامل للاستثمار الصناعي), better known as Zamil Industrial 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]

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]

Notes and References

  1. Web site: 2240 - Zamil Industrial Investment Co.. https://web.archive.org/web/20140201175723/http://www.tadawul.com.sa/wps/portal/!ut/p/c1/lZDdCoJAEEYfacbV1bw0CV2T1VpXWm9CSULwJ0yM3r71roICmauZw_kGPihAT1_OzbWcmqEvWzhBYZ85-vmRWQQDwzWQ7cXBlcQjGDmaq3ee5hSZFQsi0shERlbZKCgudp75cWAi4io7CZON5jtbci8zAt_5sL-osICHQ1eDqHtQUDg__2wpZEsr92dXDS0oQixc9qmskvFSj_qiA9TfgFsn5enBOZ2p9wKmsuMp/dl2/d1/L0lJWmlncFJBL0lKaEFDRW9BREFES0FBd0FLaXBpQUF3Qy9ZSTUwc2x5dHdBISEvN19OMENWUkk0MjBHMTkxMElLU1E5VTJBMjBCNS9hY3Rpb25TdHJpbmcvY29tcGFueQ!!/?symbol=2240&tabOrder=1. February 1, 2014. dead.
  2. Web site: Zamil Industrial Investment Co - Company Profile and News. 2021-11-04. Bloomberg.
  3. Web site: Zamil Industrial Investment Company (ZIIC) - Company Profile. 2021-11-04. Zawya. en.
  4. Web site: Top 500 Companies In the Arab World 2014. live. https://web.archive.org/web/20200609222358/https://www.forbesmiddleeast.com/list/top-500-companies-in-the-arab-world-2014. 2020-06-09. 2021-11-04. Forbes Middle East. en-US.
  5. Web site: "مكيفات الزامل" تطلق أول منتجاتها في السوق اليمنية. 2021-11-04. Argaam. ar.
  6. http://www.arabianbusiness.com/companies/zamil-industrial-investment-company-66612.html Zamil Industrial Investment Company
  7. Web site: History. 2021-11-04. Zamil Industrial.
  8. Book: Burton, Edward. Business and entrepreneurship in Saudi Arabia : opportunities for partnering and investing in emerging businesses. 2016. 978-1-119-29617-1. Hoboken, New Jersey. 111. 958946695.
  9. News: 2013-06-24. Saudi company's growth mirrors kingdom's history. Financial Times. 2021-11-04.
  10. Web site: Investments and Subsidiaries. 2021-11-04. Zamil Industrial.

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