The Zamil Industrial Investment Company of Saudi Arabia has reported a net profit of SR 109.4 million in the 18-month period between July 8, 1998 up to December 31, 1999.
The company“s board of dire…
The Zamil Industrial Investment Company of Saudi Arabia has reported a net profit of SR 109.4 million in the 18-month period between July 8, 1998 up to December 31, 1999. The company“s board of directors in its report for the said period disclosed sales of SR 1,790.1 million and sales costs of SR 1,346.6 million. The pre-Zakat profit was SR 115.4 million. The board of directors proposed to distribute SR 42 million or 14% of capital as dividends to shareholders. The dividend amounts to SR 7 per share. The company has three factories working for its account in the Kingdom, namely Al-Zamil Steel Buildings Factory, Al-Zamil Air conditioners, and Al-Zamil Glass Factory, in addition to branches and representative and sales offices in more than 30 countries around the world.