ZIIC Posts Net Profits of SR8.2m

DAMMAN, 20 April 2004 — Zamil Industrial Investment Company (ZIIC), the international manufacturing and fabrication group announced net profits of SR8.2 million for the first quarter of 2004. This represents an increase of 30.2 percent over the same period in 2003. Total turnover during the quarter was SR390.8 million, an increase of SR86.6 million. Shareholders’ equity increased by 8.5 percent to SR427.5 million, up from SR393.9 million. Total exports amounted to SR195.9 million, representing 50.1 percent of group turnover. Dr. Abdulrahman A. Al Zamil, chairman of ZIIC, pointed out that the first quarter results show continued improved growth.