Zamil Group Net Profit Soars 40%

RIYADH, 17 January 2005 — Saudi Arabia’s Zamil Industrial Investment Group (ZIIC) said yesterday its net profits in 2004 increased by almost 40 percent to SR70.2 million ($18.72 million). The manufacturing group said in a statement posted on the Saudi stock exchange website that its steel and air conditioning wings performed particularly well in the year.