Advanced Building Industries Co. — Capital/Financing Update 2002

Sep 30, 2002

ZAMIL INDUSTRIES THROUGH ZAMIL STEEL SIGNS EXPORT CONTRACTS WORTH MORE THAN SR 70M IN 19 COUNTRIES

2240 · 30/09/2002 13:48:30 · Announcement #4455 · View on Saudi Exchange

ZAMIL INDUSTRIES THROUGH ZAMIL STEEL SIGNS EXPORT CONTRACTS WORTH MORE THAN SR 70M IN 19 COUNTRIES

Zamil Steel Industries announced that during the past quarter of this year, it has won contracts worth more than SR 70 Million for the supply of different steel structures through its three distinct divisions: Pre Engineered Buildings (PEB), Structural Steel (SS), and Towers & Galvanizing (T&G). This announcement was made by Eng. Khalid A. Al-Zamil, President of Zamil Steel, who stated that the company managed to export these projects to 19 export markets in Asia, Africa and Europe. ?The PEB division was able to secure many projects to supply steel buildings in several countries, including Poland, Romania, Switzerland, Bangladesh and Spain,? said Eng. Khalid Al-Zamil. This division also secured a major contract for A?saffa Poultry Farm, which is recognized as the largest poultry farm in Oman. The SS division successfully secured and exported projects to several countries such as Cyprus and Spain, among others. The SS division was also awarded the supply of steel for the Shuweihat Independent Water & Power Project in Abu Dhabi, UAE ? a major project of its kind in the region. Furthermore, the T&G division signed major export contracts to design, fabricate and supply transmission towers to countries including Nigeria, Ghana, Algeria, and Tunisia. Zamil Steel Industries is a unit of Zamil Industrial Investment Co. (Saudi Joint Stock Company) which includes Zamil Air Conditioners and Zamil Glass. The company is the largest pre-engineered buildings manufacturer in Asia and Africa, with a capacity to produce more than 500,000 square meters of pre-engineered buildings per month at its plant in Saudi Arabia. Zamil Steel has two other factories: one in Egypt covering the African and European markets and another in Vietnam that covers the Far Eastern markets. Zamil Steel has a presence in 40 countries around the World.

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