Zamil Industrial launches OneZday series of quarterly management get togethers
Tuesday, 4th May 2004
Zamil Industrial Investment Company (ZIIC), the international manufacturing and fabrication group focused on growth segments of the construction industry, has launched its 'OneZday' series of quarterly management 'get together' forums.
The first event for some 80 managers from the group's three sector businesses, Zamil Air Conditioners, Zamil Steel Industries and Zamil Glass Industries, took place at the Carlton Mobaibed Hotel recently.
'The event series features an invited guest speaker who shares his knowledge with our team. This event serves several purposes: as a networking opportunity within ZIIC to meet, discuss and challenge each other; as a forum to share knowledge and insight into each of our business units; as well as a learning exercise in which the breadth of knowledge of the ZIIC team is expanded,' said Mr. Abdulla M. Al Zamil who opened the first event.
Brad Bourland, Chief Economist at Samba Financial Group, was the first guest speaker. He highlighted the impact of currencies on international trade as well as the performance of the Saudi economy in 2003, in which he discussed the top trends and provided his forecast for its performance in 2004.
The attendees had a chance to participate directly through an interactive Question and Answer session with Mr. Bourland. Audience feedback has been overwhelmingly positive with comments confirming the informative, educational and immensely enjoyable nature of the event. As its name suggest, the informal gathering will be held once a quarter on a Wednesday afternoon.
Related Information
About Brad Bourland, CFA
Since 1999 Brad has been the Chief Economist at Samba Financial Group, formerly Saudi American Bank, in Riyadh, where he publishes regularly on issues related to the Saudi and global economies and the world oil market. He appears frequently in the domestic and international media and is a regular public speaker. Brad is also Head of Country Risk Management for the bank, which involves managing the bank's cross-border risks. Before joining Samba, Brad spent an 18-year career as diplomat, economist, and manager with the U.S. Department of State. During the last three years of his diplomatic career he was in Riyadh as the American Embassy's First Secretary responsible for financial affairs, where he analyzed the Saudi economy for the U.S. Government and conducted financial aspects of US-Saudi relations. Brad served on the US negotiating team for Saudi accession to the World Trade Organization. Before joining the State Department he worked in Jeddah for 2 years for Raytheon as an instructor. Brad has his BA and MA magna cum laude from the University of Utah, and is a CFA (Chartered Financial Analyst) charter holder.
About Zamil Industrial Investment Company
Zamil Industrial Investment Company (ZIIC) was founded in 1998. It is headquartered in Dammam, Kingdom of Saudi Arabia, and employs 5,000 people in 50 countries. As an international manufacturing and fabrication group, it provides leading air conditioning, pre-engineered steel buildings, structural steel products, transmission towers, open web joists and decks, and architectural glass processing solutions to meet the requirements of the global construction industry through its three sector businesses: Zamil Air Conditioners (www.zamilac.com), Zamil Steel Industries (www.zamilsteel.com) and Zamil Glass Industries (www.zamilglass.com).
ZIIC exports to more than 75 markets and derives 50% of revenues from outside Saudi Arabia. For the year ended 31 December 2003, ZIIC posted turnover of SAR 1.55 billion (US$ 414.2m), a growth of 11% over 2002. Post Zakat earnings per share also grew by 11% to SAR 8.39 ($2.24), up from SAR 7.56 ($2.02) during the same period in 2002. ZIIC's shares have been actively traded on the Saudi Equity Market since early 2002.
For more information on this press release, contact Said Al-Daajani, Zamil Industrial Investment Company, Corporate Communications, Tel: (966) 3 8471840, Fax: (966) 3 8472574.
