DUBAI, 19 December 2006 — Guardian Zoujaj International Float Glass Co. (Guardian RAK), in behalf of the Guardian Industries Corp., signed a seven-year, $100 million loan facility agreement to finance its 700-tons per day float glass manufacturing unit in Ras Al-Khaimah. Mashreqbank and Samba Financial Group were the lead arrangers. The float glass project is a joint venture with the National Company for Glass Investments (Zoujaj) and Zamil Group of Saudi Arabia. The plant is due for completion next summer, Yousef Saleh Abalkhail, chairman of the board of managers of Guardian RAK, said. Guardian Industries Corp. is a leading manufacturer of float glass and fabricated glass products for the construction industry and is one of the largest flat glass producers in the world with 24 manufacturing facilities worldwide.
