Zamil Construction India Pvt. Ltd., a subsidiary of Zamil Industrial, has received a certificate of appreciation in recognition of its outstanding safety practices and for completion of ITC Limited’s AMLF project in Kapurthala city, in the state of Punjab in India. The company completed all construction works without a single lost-time injury. This achievement will be added to the records of achievement for Zamil Construction India in upholding workplace safety.

ITC is one of India’s foremost private companies. It is a diversified conglomerate with businesses in fast-moving consumer goods, hotels, paperboard and packaging, agriculture, and information technology.

Zamil Steel Buildings India recently supplied and erected pre-engineered structural steel buildings for the client’s automated storage and retrieval systems (ASRS) warehouse and logistic facility, spread over an area of more than 29,170 square meters, in Kapurthala, Punjab. Zamil Steel is experienced in constructing such ASRS warehousing and logistic facilities, which are designed and built to optimize the picking process for greater efficiency.
Zamil Steel Buildings Vietnam Co. has recently designed, manufactured, and supplied pre-engineered steel buildings for a new factory project for a prominent client in Thailand. A second phase, with possible future expansion, is expected to follow.

The project is spread over an area of 5,000 square meters, and construction is scheduled to be completed in Q3 2021. In accordance with the client’s requirements, the building features an entrance canopy 10 meters wide and a signboard that protrudes two meters above the top of the fascia.

Zamil Steel Buildings Vietnam Co. has been providing quality steel products and solutions to clients in Thailand since 2005. It has supplied pre-engineered steel buildings and steel structures for more than 500 projects across the country.
Zamil Air Conditioners & Home Appliances Company, a subsidiary of Zamil Industrial Investment Co. (Zamil Industrial), has been awarded a contract worth SAR 44,1 million by Tatweer Buildings Company to manufacture and supply more than 13,570 air conditioning systems of diverse sizes and refrigerating capacities for schools affiliated with the Ministry of Education in the various regions of the Kingdom of Saudi Arabia.

The contract is in line with the call to support national industries and local products. The contract is expected to have a positive impact on the company’s financial results for the year 2021.

Zamil Air Conditioners has been a leading provider of quality HVAC systems and solutions in the Gulf region and throughout the Middle East and worldwide for nearly five decades. The company, which has grown to attain global status, specializes in the engineering, manufacture, installation, repair, and maintenance of an extensive range of products, including a variety of packaged units, chillers, and room air conditioners designed to meet the climate control needs of virtually every type of customer.
ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR % CHANGE PREVIOUS QUARTER % CHANGE
Sales/Revenue 847,421 719,800 17.7% 949,181 (10.7%)
Gross Profit (Loss) 123,484 79,581 55.2% 137,807 (10.4%)
Operational Profit (Loss) 13,738 (36,457) 16,647 (17.5%)
Net Profit (Loss) after Zakat and Tax 7,066 (58,307) 5,200 35.9%
Total Comprehensive Income 5,838 (59,430) 5,062 15.3%

All figures are in thousands of Saudi Riyals


ELEMENT LIST CURRENT PERIOD SIMILAR PERIOD FOR PREVIOUS YEAR % CHANGE
Sales/Revenue 1,796,062 1,600,078 12.2%
Gross Profit (Loss) 261,291 198,132 31.9%
Operational Profit (Loss) 30,385 (45,588)
Net Profit (Loss) after Zakat and Tax 12,266 (87,132)
Total Comprehensive Income 10,900 (92,680)
Total Shareholders' Equity (after deducting minority equity) 1,144,369 1,186,087 (3.5%)
Profit (Loss) per Share 0.20 (1.45)

All figures are in thousands of Saudi Riyals


ELEMENT EXPLANATION
Reasons for increase (decrease) in net profit during current quarter compared with same quarter last year Net profit increase for the quarter is due to:
1) Increase in sales in the Steel and Insulation sectors.
2) Higher gross profit and operating margin across all sectors.
3) Lower operating expenses and financial charges.
4) Increase in other income.
5) Reduction in loss from discontinued operations.
Reasons for increase (decrease) in net profit during current quarter compared with previous quarter Net profit increase is due to:
1) Higher gross profit and operating margin in the Steel sector.
2) Increase in other income.
Reasons for increase (decrease) in net profit during current period compared with same period last year Net profit increase is due to:
1) Increase in sales across all sectors.
2) Higher gross profit and operating margin across all sectors.
3) Lower operating expenses and financial charges.
4) Reduction in loss from discontinued operations.
5) Increase in other income.
External auditors' opinion Unmodified conclusion
Reclassifications in quarterly financial results Comparative figures have been reclassified to conform with the presentation in the current period.
Additional information  
Zamil Steel Buildings India has recently supplied pre-engineered structural steel buildings for Pidilite Industries’ packaging unit and warehouse in Visakhapatnam city in the Indian state of Andhra Pradesh, covering a total of 4,776 square meters. Zamil Steel is experienced in constructing such packaging units for various industries and clients across India.

Pidilite Industries Limited is a pioneer in consumer and specialty chemicals in India. Its product range includes adhesives and sealants, construction and paint chemicals, automotive chemicals, art materials, industrial adhesives, industrial and textile resins, and organic pigments and preparations.

During the execution of the project, Zamil Construction India Pvt. Ltd., a subsidiary of Zamil Industrial, received a certificate of appreciation in recognition of its outstanding performance and contribution towards health, safety, and environmental standards at the project site. The company completed all construction works without a single lost-time injury.
Zamil Air Conditioning & Refrigeration Services Co. (Zamil CoolCare) has launched its new range of Indoor Air Quality (IAQ) products designed specifically to purify the air from pollutants and odors.

Its “Air Care” purifiers are offered in various sizes and feature a solid-state formaldehyde sensing technology, designed to capture ultra-fine dust and allergens and to destroy formaldehyde. They are highly efficient in reducing allergies and asthma among both children and adults. The intelligent auto-purification mode reacts to the slightest change in air quality.

The new purifiers have features such as a whole-machine HEPA standard, turbo-mode air purification, and large forward-facing fans to increase air let into the unit. The primary filter can trap large dust particles, dandruff, pollen, floatation and other pollutants, while the combined HEPA + Activated Carbon filter can remove various harmful substances from the air, such as smoke and bacteria, and has a high removal rate, high speed, and large saturated absorption capacity. The new purifiers are proven to remove up to 99.95% of bacteria and viruses from the air.

The new air purifiers are engineered to operate ultra-quietly, while maintaining their high performance. The units also feature one-touch remote control, a dual-display touch screen, Wi-Fi control through the app, a built-in ionizer, 360-degree caster wheels, a filter change indicator, sleep mode, and a child safety lock.

Zamil CoolCare is dedicated to making its customers’ lives easier, more convenient, and, ultimately, better. The new air purifiers will have a huge impact on their daily lives and on the environment.
Zamil Steel Buildings India Pvt. Ltd. and Zamil Construction India Pvt. Ltd. have been recertified for their Integrated Management System (IMS) certification for their facilities in Pune, Maharashtra, India. This certification unifies the three key standards – ISO 9001:2015 Quality Management System; ISO 14001:2015 Environmental Management System; and ISO 45001:2018 Occupational Health & Safety Management System – into one coherent system.

The IMS surveillance audits were conducted by third-party auditors from Bureau Veritas India (BVIS), with a further continuation of certification.

The scope of Zamil Steel Buildings India’s certification includes the design, manufacture, and shipment of pre-engineered steel buildings and steel structures, while the scope of Zamil Construction India’s certification includes pre-engineered buildings and structural steel erection and turnkey solutions.

BVIS performed a rigorous assessment and evaluation of the companies’ management systems and confirmed their satisfaction with both companies’ Quality, Occupational Health & Safety, and Environment standards. It took an outstanding and combined team effort to attain this certification within a short duration and to transition smoothly from OHSAS 18001 to ISO 45001. The focus of the audit was to ensure continued compliance with the latest ISO standards and to take corrective steps, as needed.
Zamil Steel Buildings India has recently supplied pre-engineered steel buildings for the construction of a production facility and warehouse for a leading U.S. manufacturer of personal consumer items.

Zamil Steel Buildings India’s scope of work included the design, fabrication, supply, and erection of the buildings, spread over an area of more than 16,000 square meters, and located in Pune district in the state of Maharashtra in India.

The major challenge in this project was the enormous effort required of the design and erection teams to connect and align the new and existing buildings.

One feature of the project is a roof covered with a 1.7 megawatt solar power plant, to produce clean, eco-friendly, and cost-effective energy for the client’s facilities. The roof of Zamil Steel’s pre-engineered building is designed to be most suitable for solar PV installation. The company encourages all customers to integrate rooftop solar power systems into their pre-engineered building projects.
Zamil Industrial participated in the third edition of The Big 5 Construct Egypt, a leading international construction event, supported by Egypt’s Ministry of Housing, Utilities and Urban Communities. The event was held on June 26–29, 2021, at the Cairo International Convention Center.

The Big 5 Construct Egypt is the country’s largest construction event. It provides a professional platform to foster industry best practices and business and investment opportunities in Egypt.

The Zamil Industrial booth attracted many visitors and delegations from the governmental and private sectors interested in industrial products and solutions. They expressed their desire to cooperate with the company and benefit from the engineering services and comprehensive building expertise provided by the various sectors of Zamil Industrial.

The Big 5 Construct Egypt 2021 gathered more than 180 companies, from Egypt and 18 other countries, to publicize their innovative construction products, materials, and solutions. It welcomed thousands of visiting industry professionals. The show offered all imaginable goods and services for the Egyptian built environment, connecting industry experts, buyers, and manufacturers from all over the world during four days of networking and business opportunities.
Zamil Steel Buildings Vietnam Co. has recently designed, manufactured, and supplied more than 1,000 metric tons of pre-engineered steel buildings for a prominent construction company in the Philippines.

The project consisted of five buildings that will be used as aircraft hangars, each featuring a clear span 50 meters wide and a roll-up door 34 meters high, spread over a built-up area of 17,000 square meters. With such specifications, the buildings can easily accommodate Boeing 787 aircraft. Furthermore, they were designed to withstand the Philippines’ tropical climate and up to 250 mm of rainfall. A built-in office is located on the second floor of each building.

Zamil Steel Buildings Vietnam Co. has been providing quality steel products and solutions to clients in the Philippines since 2000. The company has supplied pre-engineered steel buildings and steel structures for nearly 500 projects across the country.
Zamil Air Conditioners has recently completed the supply, including start-up and commissioning work, of 14 high-efficiency packaged units for a new crude oil tank farm project being undertaken in the Eastern Desert of Egypt. The supplied HVAC systems will provide a total cooling capacity of 1,260 tons.

At a cost of more than four billion Egyptian pounds, this vital project includes the construction of 24 storage tanks in four regions in Egypt’s Eastern Desert, with about six tanks in each region. Each tank measures 110 meters in diameter and 21.8 meters in height.

It is expected that the quantity of crude oil stored in the 24 tanks will reach about 26.4 million barrels, which makes it the largest crude oil storage project in Egypt. This will enable the country to store crude oil in the largest possible quantities, in line with its plans to provide a strategic stock of all commodities, including crude oil, and supporting Egypt’s national goal to transform itself into a regional center for energy trade and circulation.
Zamil Steel Buildings Co., Egypt has been awarded a contract by China Railway Construction Engineering Group for the Light Rail Transit project in Cairo, Egypt.

Under the terms of the contract, Zamil Steel Egypt will supply custom-made steel structures for the overhead catenary system and all supporting units for the mechanical, electrical, and plumbing works, using around 2,120 metric tons of steel, for the light rail transit (LRT) project, which will connect El Salam City and the New Administrative Capital through 10th of Ramadan City in Egypt.

The 90-kilometer high-speed rail line will enter passenger service in October 2021, with a capacity of 500,000 commuters per day. It guarantees speedy transportation between Cairo and the new cities (Obour – Mostakbal – Shorouk – New Heliopolis – Badr – Industrial Zone and the 10th of Ramadan – the New Administrative Capital) with a total of 16 stations.
Zamil Air Conditioning and Refrigeration Services Co. Ltd. has signed a memorandum of understanding with the College of Technology in Dammam to activate cooperation between the company and the college to offer the college’s students the opportunity to join the company after their graduation through a direct employment program, with opportunities likely to be available in the fields of refrigeration and air conditioning, mechanical technology, electrical technology, and welding.

Under the agreement, Zamil Air Conditioning and Refrigeration Services will provide job opportunities for graduates of the College of Technology when needed, and will announce the programs and jobs available in the company directly to the college so that the graduates can learn about employment opportunities in the company and see how the company is contributing to employment in the local job market. In addition, the company will conduct job interviews with applicants and evaluate them, and even follow up by signing employment contracts with the successful college graduates. The company will also participate in future forums, seminars, career days, and exhibitions organized by the college.

Established in 1986, Dammam College of Technology is a government technical college situated in Dammam, eastern Saudi Arabia. To prepare students for their eventual careers, the college focuses primarily on technical and vocational training. It is one of the technical colleges regulated by the Technical and Vocational Training Corporation (TVTC), the kingdom’s government training provider.

The college offers a variety of degree programs as part of its aim to be the leader in providing technical training in the kingdom. It has built up a high-quality training environment that produces qualified graduates equipped to join the labor market and make an immediate contribution. It also seeks to attract technical personnel and qualify them to be able to perform essential work in the various technical fields that play a prominent role in supporting the national economy.
Zamil Air Conditioning & Refrigeration Services Co. Ltd. (Zamil CoolCare) has been awarded a three-year contract by the National Grid SA company for the maintenance and repair of HVAC systems at the Saudi Electricity Company’s substations in the western region of Saudi Arabia.

Under the agreement, Zamil CoolCare will handle the HVAC systems’ maintenance and repair of National Grid substations in the Western Operation Area (WOA).

National Grid SA is a wholly-owned subsidiary of the Saudi Electricity Company. It plans, designs, develops, operates, and maintains the electricity transmission grid across the Kingdom of Saudi Arabia. It makes use of the highest global standards and best practices to deliver reliable and cost-effective services to its customers. Its transmission network spans more than 86,000 circuit kilometers and covers more than 13,000 cities, towns, villages, and communities across the Kingdom.

Zamil Air Conditioning & Refrigeration Services is a key provider of products and services in Saudi Arabia’s industrial expansion. It specializes in designing custom solutions for all types of complex operations. It is uniquely positioned to meet the needs of its clients in a timely and cost-effective manner.
Zamil Construction India Pvt. Ltd., a subsidiary of Zamil Industrial, has received a certificate of appreciation for achieving 50,000 safe work hours without a single lost time incident. The certificate was awarded by Rallis India Ltd. in respect of its formulation plant project in Dahej, Gujarat, India. This achievement is a significant milestone for Zamil Construction India in upholding workplace safety.

Zamil Steel Buildings India supplied pre-engineered structural steel buildings for Rallis India’s formulation plant in Dahej, covering more than 11,000 square meters. Rallis, a TATA enterprise, is a subsidiary of Tata Chemicals, working in the farm essentials industry. It is one of India’s leading crop care companies.

Zamil Steel is experienced in constructing such formulation plants, which comply with strict equipment quality requirements and feature easy maintenance and cleaning.
ELEMENT LIST EXPLANATION
Introduction Zamil Industrial Investment Company is pleased to announce the results of the Ordinary General Assembly Meeting that convened on Thursday, 6 May 2021 at 22:00 after securing the required quorum.
City and Location of the General Assembly’s Meeting The AGM was held remotely using video conferencing means.
Date of the General Assembly’s Meeting 6 May 2021 Corresponding to 24 Ramadan 1442H
Time of the General Assembly’s Meeting 22:00
Percentage of Attending Shareholders 59.16%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees The following Board Members attended the meeting:
1- Mr. Khalid Abdullah Hamad Al Zamil (Chairman of the Board)
2- Mr. Abdallah Saleh Juma’h Al Dosari (Vice Chairman of the Board)
3- Mr. Ahmed Abdullah Hamad Al Zamil
4- Mr. Adib Abdullah Hamad Al Zamil
5- Mr. Mohammed Ahmed Mahmoud Al Ghaith
6- Mr. Mohammad Sulaiman Mohammad Al Harbi
7- Mr. Khalid Mohammed Saleh Al Fuhaid
8- Mr. Abdulla Mohammed Abdulla Al Zamil
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf The following Committee Chairmen attended the meeting:
1- Mr. Abdallah Saleh Juma’h Al Dosari (Remuneration and Nomination Committee Chairman)
2- Mr. Mohammad Sulaiman Mohammad Al Harbi (Audit Committee Chairman)
Voting Results on the Items of the General Assembly's Meeting Agenda's

1) Approve the Board of Directors report for the fiscal year ending 31/12/2020;

2) Approve the external auditors’ report for the fiscal year ending 31/12/2020;

3) Approve the consolidated financial statements for the fiscal year ending 31/12/2020;

4) Approve discharging the Board of Directors from any liabilities for the fiscal year ending 31/12/2020;

5) Approve the distribution of SAR 1,600,000 as Board Remuneration for the year ending 31/12/2020 at SAR 200,000 per Board Director;

6) Approve the appointment of Ernst Young as the external auditors, as per the recommendation of the Audit Committee, to review and audit the company’s quarterly and annual accounts for the second quarter, third quarter, and annual statements for the year 2021 and the first quarter of 2022 and agree to their service fee;

7) Approve the related party transactions between the company and Zamil Architectural Holding Company, in which Mr. Adib Al Zamil (representative of Zamil Group Holding Company) has an indirect interest. Total purchase value in 2020 was SAR 1,918,625 and was agreed upon with the prevailing commercial terms;

8) Approve the related party transactions between the company and Zamil Chem-Plast Industries, in which Mr. Adib Al Zamil (representative of Zamil Group Holding Company) has an indirect interest. Total purchase value in 2020 was SAR 6,850,267 and was agreed upon with the prevailing commercial terms;

9) Approve the related party transactions between the company and Zamil Trade & Services Holding Company, in which Mr. Adib Al Zamil (representative of Zamil Group Holding Company) has an indirect interest. Total purchase value in 2020 was SAR 12,518,494 and was agreed upon with the prevailing commercial terms;

10) Approve the related party transactions between the company and Zamil Real Estate Holding Company, in which Mr. Adib Al Zamil (representative of Zamil Group Holding Company) has an indirect interest. Total purchase value in 2020 was SAR 8,406,244 and was agreed upon with the prevailing commercial terms.

Zamil Steel Buildings India has begun the construction of a heavy manufacturing facility in Sriperumbudur, Chennai, in the Kanchipuram district of the Indian state of Tamil Nadu. The client is a prominent group that has a large portfolio of real estate assets in the country.

Zamil Steel Buildings India’s scope of work includes the design, fabrication, supply, and erection of pre-engineered steel buildings, spread over an area of more than 23,200 square meters. The project features heavy cranes ranging from 20 to 80 metric tons (MT) working on multiple levels, in coordination with jib cranes on each column.

Zamil Steel India has long experience in designing and manufacturing pre-engineered buildings housing the most common types of overheads cranes, such as EOT, monorail, and underslung cranes.

It has designed buildings for crane capacities ranging from 1 MT to 250 MT. Thus, its buildings are in high demand because of their efficiency, safety, and superior load-bearing strength. These structures are developed explicitly for the various uses to which they will be put: manufacturing facilities, warehouses, factory sheds, production units, and any other type of industrial building.
Zamil Steel Buildings Vietnam marked a great year of achievement by being awarded the prestigious Golden Dragon Award 2020-2021, for the 17th consecutive year, marking its 24 years of excellence in Vietnam and Southeast Asia. The awards ceremony was held in Hanoi on April 26, 2021.

This year, the Golden Dragon Award ceremony was jointly organized by the Ministry of Foreign Affairs and the Vietnam Economic Times Group. The Golden Dragon Award is an annual event initiated in 2001, to recognize outstanding achievements in production and business, and foreign-invested enterprises making a significant contribution to the Vietnamese economy.

With a theme for 2021 of “Seizing New Opportunities for Localities and Businesses”, the event program included a series of side activities, media events, face-to-face interactions and discussion panels. It was attended by government bodies, embassies, representatives of EuroCham, JCCI, Korcham, and more than 400 CEOs of Vietnamese and FDI enterprises in the region.

In 2021 particularly, Zamil Steel Buildings Vietnam Co., Ltd was placed among the Top 10 Golden Dragon Enterprises for outstanding achievements in production and business activities, for actively innovating, creating, and transforming digitally, and for its efforts in the development of the community and maintaining sustainable development during the COVID-19 pandemic.
ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR % CHANGE PREVIOUS QUARTER % CHANGE
Sales/Revenue 949,181 880,278 7.8% 958,493 -1.0%
Gross Profit (Loss) 137,807 118,551 16.2% 157,938 -12.7%
Operational Profit (Loss)16,647 (9,131) (1,388)
Net Profit (Loss) after Zakat and Tax 5,200 (28,825) (34,246)
Total Comprehensive Income 5,062 (33,250) (17,294)

All figures are in thousands of Saudi Riyals


ELEMENT LIST CURRENT PERIOD SIMILAR PERIOD FOR PREVIOUS YEAR % CHANGE
Total Shareholders' Equity (after deducting minority equity) 1,138,531 1,245,517 8.6%
Profit (Loss) per Share 0.09 (0.48)

All figures are in thousands of Saudi Riyals


ELEMENT EXPLANATION
Reasons for increase (decrease) in net profit during current quarter compared with same quarter last year Net profit increase for the quarter was due to:
1) Increase in sales in the AC sector;
2) Higher gross profit margin in the AC and Insulation sectors;
3) Improved operating margin in the AC and Insulation sectors;
4) Lower financial charges;
5) Reduction in loss from discontinued operations.
Reasons for increase (decrease) in net profit during current quarter compared with previous quarter Net profit increase for the quarter was due to:
1) Higher gross profit margin in the AC sector;
2) Improved operating margin across all sectors;
3) Lower financial charges;
4) Reduction in loss from discontinued operations;
5) Q4 2020 had a one-time cost related to the impairment of non-current assets.
External auditors' opinion The external auditors reviewed the financial statements and issued an unmodified report.
Reclassifications in quarterly financial results Comparative figures have been reclassified to conform with the presentation in the current period.
Additional information   –
Zamil Steel Buildings India has recently supplied pre-engineered steel buildings for the construction of warehouse and logistics buildings for a renowned group in the cargo industry in India.

Zamil Steel Buildings India’s scope of work included the design, fabrication, supply, and erection of the buildings, spread over an area of 9,900 square meters. Its client is among the pioneers in India’s cargo industry, offering the fastest and safest ways to deliver goods across the country, and is located in Chakan, in the Pune district of the state of Maharashtra.

The buildings were designed and analyzed in accordance with the appropriate Indian general construction standard and code of practice, IS 800-2007. They feature Zamil Steel’s roof system, wall system, and S Type and ZW Type profile systems. The company completed the project on time despite the difficulties presented by COVID-19 restrictions.
Zamil Steel Buildings Vietnam Co. has recently completed the first phase of supplying pre-engineered steel buildings for a poultry broiler farm in Australia.

The project, which requires more than 2,560 metric tons of steel, consists of 32 buildings spread over an area of nearly 100,000 square meters in New South Wales. It requires very high accuracy during the manufacturing process and high-quality materials.

The project was designed by Zamil Steel Vietnam based on the client’s concept drawings, while also taking into account Australian construction standards and consultants’ advice, in order to provide the best of products and service.
ELEMENT LIST EXPLANATION
Introduction The Board of Directors of Zamil Industrial Investment Company invites all its shareholders to convene in an ordinary session (the first meeting and the second meeting will be an hour later) via Tadawulaty technical mediums. It will be held on Thursday, 24 Ramadan 1442H corresponding to 6 May 2021 at 10:00 p.m. and will be conducted virtually. Physical attendance at all meetings is suspended until further notice for the well-being of everyone. These directives are in line with the precautionary and exceptional measures taken by the relevant health authorities and the continuous efforts made by all Saudi government agencies to combat the new Coronavirus (COVID-19) outbreak and to ensure public safety.
City and Location of the General Assembly’s Meeting Company headquarters in Dammam First Industrial City – Virtually
URL for the Meeting Location www.tadawulaty.com.sa
Date of the General Assembly’s Meeting 6 May 2021 Corresponding to 24 Ramadan 1442H
Time of the General Assembly’s Meeting 22:00
Attendance Eligibility Shareholders registered in the company register at the Securities Depository Center (Depository Center) have the right to attend the general assembly at the end of the trading session preceding the meeting and should register attendance and vote through Tadawulaty.
Quorum for Convening the General Assembly’s Meeting The quorum for this meeting is for shareholders representing at least 25 percent of the company’s paid-up capital. If such quorum is not attained, a second meeting can be held one hour after the time when the first meeting was supposed to convene. In all cases, the second meeting shall be deemed valid irrespective of the number of shares represented therein.
General Assembly Meeting Agenda

1) Vote on the Board of Directors report for the fiscal year ending 31/12/2020;

2) Vote on the external auditors’ report for the fiscal year ending 31/12/2020;

3) Vote on the consolidated financial statements for the fiscal year ending 31/12/2020;

4) Vote on discharging the Board of Directors from any liabilities for the fiscal year ending 31/12/2020;

5) Vote on the distribution of SAR 1,600,000 as Board Remuneration for the year ending 31/12/2020 at SAR 200,000 per Board Director;

6) Vote on the appointment of the external auditors as per the recommendation of the Audit Committee to review and audit the company’s quarterly and annual accounts for the second quarter, third quarter, and annual statements for the year 2021 and the first quarter of 2022 and agree to their service fee;

7) Vote on the related party transactions between the company and Zamil Architectural Holding Company, in which Mr. Adib Al Zamil (representative of Zamil Group Holding Company) has an indirect interest. Total purchase value in 2020 was SAR 1,918,625 and was agreed upon with the prevailing commercial terms;

8) Vote on the related party transactions between the company and Zamil Chem-Plast Industries, in which Mr. Adib Al Zamil (representative of Zamil Group Holding Company) has an indirect interest. Total purchase value in 2020 was SAR 6,850,267 and was agreed upon with the prevailing commercial terms;

9) Vote on the related party transactions between the company and Zamil Trade & Services Holding Company, in which Mr. Adib Al Zamil (representative of Zamil Group Holding Company) has an indirect interest. Total purchase value in 2020 was SAR 12,518,494 and was agreed upon with the prevailing commercial terms;

10) Vote on the related party transactions between the company and Zamil Real Estate Holding Company, in which Mr. Adib Al Zamil (representative of Zamil Group Holding Company) has an indirect interest. Total purchase value in 2020 was SAR 8,406,244 and was agreed upon with the prevailing commercial terms.

Proxy Form Pursuant to CMA instructions, the Proxy Letter will not be available due to the suspension of physical attendance to all general assembly meetings. All meetings will be conducted virtually until further notice for the well-being of everyone. These directives are in line with the precautionary and exceptional measures taken by the relevant health authorities and the continuous efforts made by all Saudi government agencies to combat the new Coronavirus (COVID-19) outbreak and to ensure public safety.
E-Vote Eligible shareholders can cast their votes remotely via Tadawulaty electronic services. Voting will commence from 10:00 a.m. on Sunday 2 May 2021 until the adjournment of the meeting. The company encourages its shareholders to actively participate and vote online by visiting the Tadawulaty webpage www.tadawulaty.com.sa, a free service available to all shareholders.
Eligibility for Attendance Registration and Voting Eligibility for registering the attendance of the General Assembly’s meeting ends once it convenes. Eligibility for voting on the meeting agenda ends upon the Counting Committee concludes counting the votes.
Method of Communication Shareholders are welcome to send their inquiries by directly contacting our Corporate Communications & Investor Relations by phone (+966138108180) or by email (investors@zamilindustrial.com).
Zamil Steel Buildings Vietnam recently took delivery of another brand-new purlin line and slitting machine at its Dong Nai factory in Vietnam.

With the new C&Z purlin machine put into operation, the company’s Dong Nai factory can now supply secondary members and galvanized sundry items, such as base/gable angles, sheeting angles, and back-up angles, from the drops of purlin coils. The machine is equipped with interchangeable profile functions (from C to Z and vice versa) while also capable of roll-forming 550 Mpa grade materials, with a thickness range of 1.5–3.0 mm and a web depth of 80–350 mm.

The C2L & slitting machine is an additional one, equipped for the Dong Nai factory to produce trims, which until now were produced only at the company’s Noi Bai plant. The machine has six blades with a total width reached of up to 1219 mm.

With the new machinery lines put into operation in the Dong Nai plant, Zamil Steel Buildings Vietnam expects to deliver quicker and more convenient support for its projects in southern regions and overseas.
Zamil Air Conditioners recently completed the supply, including start-up and commissioning, of HVAC systems and equipment at the plant tissue culture laboratory of Zadna International Company for Investment in Sudan.

Under the terms of the agreement, Zamil Air Conditioners designed, manufactured, and supplied three chillers with a capacity of 150 tons each, 32 custom-made compact vertical air handling units, concealed fan coil units, and fresh air handling units. The custom-built air handling units were designed for hygienic and clean room applications at the newly opened plant tissue culture laboratory at the agricultural management center of Zadna International Company for Investment, located in the Sudanese capital of Khartoum.

This laboratory is the largest and most modern of its kind in Africa and the Middle East region. The latest technologies will be employed in the development and modernization of horticultural production in Sudan. The new laboratory plays a vital role in producing virus-free seedlings, as it contributes directly to the development of banana cultivation in Sudan by introducing international varieties that can be exported, leading to the expansion of agriculture in various regions of the country. The laboratory also develops tissue palm cultivation for various moist date varieties, and the cultivation of potatoes, strawberries, grapes, pineapples, and other crops.
Zamil Steel Buildings India has recently supplied pre-engineered steel buildings for the construction of a Mainline Electric Multiple Unit (MEMU) car shed for Rail Vikas Nigam Limited (RVNL) in Kanpur, India.

Zamil Steel Buildings India’s scope of work included the design, fabrication, supply, and erection of the buildings, spread over an area of 25,880 square meters, for RVNL’s state-of-the-art and eco-friendly MEMU car shed, located in Kanpur city in the state of Uttar Pradesh.

This is the first MEMU shed of the North Central Railway, one of the 18 railway zones in India. This rolling stock project is expected to enhance the MEMU train holdings of the North Central Railway zone and boost regional commuter traffic.

The excellent performance of Zamil Steel Buildings India on this prestigious project will be added to its list of achievements. The company has long experience in the construction of such facilities, including coach factories, Diesel-Electric Multiple Unit (DEMU) and MEMU sheds, automatic paint shops, and rolling stock workshops for railways across India.
ELEMENT LIST CURRENT YEAR PREVIOUS YEAR % CHANGE
Sales/Revenue 3,382,962 4,038,583 -16.2%
Gross Profit (Loss) 463,112 586,846 -21.1%
Profit (Loss) Operational (60,754) (27,265) 122.8%
Net Profit (Loss) after Zakat and Tax (159,873) (138,809) 15.2%
Total Comprehensive Income (145,298) (136,619) 6.4%
Total Shareholders' Equity (after deducting minority equity) 1,133,469 1,278,767 -11.4%
Profit (Loss) per Share (2.66) (2.31)

All figures are in thousands of Saudi Riyals


ELEMENT EXPLANATION
Reasons for increase (decrease) in net profit for current year compared to last year Net loss increase for the year was due to:
1) Impairment in certain capital assets and goodwill in the amount of SAR 43.2 million.
2) Increase in the provisions for expected credit loss of financial assets by SAR 24.2 million.
3) Reduction in sales across all sectors.
4) Lower operating margin in the Steel and Insulation sectors.

Despite the aforementioned reasons, the company succeeded in achieving the following during an exceptional year by all standards:
1) Continued diligent efforts on cost-cutting and control of expenses resulted in a savings of SAR 220 million in operating expenses in 2020.
2) Decrease in financial charges by SAR 39 million.
3) Improved operating margin in the AC Sector.
4) Higher profits from associated companies and other income.
External auditors' opinion The external auditors reviewed the financial statements and issued an unmodified report.
Reclassifications in annual financial results Comparative figures have been reclassified to conform with the presentation in the current year.
Additional information 1) Net profit for the 4th Quarter 2020 before impairment is SAR 8.9 million. Adjusting for the impairment, the declared loss is SAR 34.2 million.
2) Net loss for the year 2020 would have stood at SAR 116.7 million without impairment of SAR 43.2 million.
Zamil Steel Buildings Vietnam Co. has recently been awarded a contract to supply pre-engineered steel building for a leading pipe manufacturer in Laos.

The company will manufacture, supply, and erect over 260 metric tons of pre-engineered steel buildings, spread over an area of more than 4,220 square meters, for the client’s pipe production factory. It is the first such factory in Laos, and will serve the domestic market upon completion.

The project consists of one building divided into two parts, with one part to be connected to the buildings supplied and erected by Zamil Steel Vietnam 1.5 years ago. It is to be equipped with multiple crane systems, and star columns to support the crane beam’s movement in two directions.

Zamil Steel Buildings Vietnam Co. is the most renowned brand in the steel buildings industry in Laos. It has had a strong presence in Laos since 2001, and has supplied pre-engineered steel buildings and steel structures for nearly 200 projects there.
Zamil Steel Buildings Co., Egypt, has been awarded a contract by the Engineering Authority of the Armed Forces for the Robbiki Leather City mega project in Cairo, Egypt.

Under the terms of the contract, Zamil Steel Egypt will manufacture, supply, and erect 100 custom-made pre-engineered buildings, spread over a built-up area of 100,000 square meters, using around 10,500 metric tons of steel for the Robbiki Leather City project, owned by the Industrial Development Authority and located in the 10th of Ramadan City in the Sharqia Governorate.

The leather industry development project in Robbiki is a national development project that is bringing many benefits to the state and society. Al-Robbiki City is one of Egypt’s most important specialized industrial cities, designed according to the latest international standards. It is a realization of the Egyptian ambition of industry in the Middle East, as it is considered to be a city specializing in everything related to leather tanning.
Zamil Steel Buildings Vietnam has recently supplied steel structures for a factory-cum-office building for a client in the packaging industry in northern Vietnam.

The building was designed with 10-meter height while, as per clients’ request, the area for blow and injection molding should be higher (22 meters) to fit its special machinery. Multi-spans with one middle column – a frame width of 40 meters for each side – were used to create unobstructed spaces for various functions while still maintaining structural rigidity. The building was also equipped with the MaxSEAM® roof system for better weather resistance.

The project encompasses an area of 12,600 square meters, and the construction work took nearly 3.5 months to complete.
Zamil Air Conditioners recently completed the supply, including start-up and commissioning, of the HVAC systems and equipment at KIMSHealth Hospital in the Kingdom of Bahrain.

Under the agreement with the contractors, Zamil Air Conditioners supplied and installed several hygienic air handling units for healthcare applications, a high-performance air-cooled chiller, 44 mini-split units, and 52 ducted split systems of various sizes and capacities for the newly opened hospital in the Bahraini capital Manama. The supplied HVAC systems will provide a total cooling capacity of more than 390 tons for the hospital’s buildings and facilities.

The project was highly complex because of the design constraints, as it aimed to achieve adequate air filtration and ensure the required indoor conditions suitable for hospital and medical center environments in the limited space available.
Zamil Construction India Pvt. Ltd., a subsidiary of Zamil Industrial, has received a certificate of appreciation for achieving 2.5 million safe man hours without a single lost time incident. This certificate was awarded by Roquette India Pvt. Ltd., a global leader in plant-based ingredients and pharmaceutical excipients for food, nutrition and health markets, as well as a pioneer of plant proteins, for its Romain Project in Pantnagar, Uttarakhand.

This achievement is a significant milestone for Zamil Construction India in upholding workplace safety.

It is worth noting that Zamil Steel Buildings India has supplied pre-engineered structural steel buildings for Roquette’s manufacturing facility in Pantnagar in the state of Uttarakhand, covering a total of 3,550 square meters.
Zamil Air Conditioners has recently been awarded a contract by Kartec Company for the supply, start-up, testing, and commissioning of vast HVAC systems for the Electricity and Water Authority (EWA) in the Kingdom of Bahrain.

Under the terms of the contract, Zamil Air Conditioners will supply 35 high-efficiency packaged units and 14 industrial split systems for the EWA’s 66-kilovolt substations. This work will form a part of the 66kV network expansion program that is taking place in regions and cities across Bahrain.

The supplied HVAC systems will provide a total cooling capacity of more than 510 tons. They contain special industrial features, ranging from body paint able to withstand the corrosive environment, to a control protocol for integration with the EWA’s new supervisory control and data acquisition (SCADA) system.
Zamil Steel Buildings Vietnam has completed the construction of a new factory project for a leading client in the furniture manufacturing industry.

The project consisted of three-story buildings spread over an area of more than 5,100 square meters, utilizing more than 600 metric tons of steel structures.

The new buildings are jointly connected with the old plant area, and the construction work was carried on with the aim of avoiding disruption to the clients’ production activities. The construction work took four months to complete.
Zamil Air Conditioners has recently completed the supply and installation of HVAC systems for the Khartoum International Community School, located in the Sudanese capital of Khartoum.

The project is part of the existing HVAC equipment upgrade plan. It included the supply and installation of air-cooled chillers and the replacement of several chillers with new energy-efficient units that will provide a total cooling capacity of 600 tons.

It also included the supply and installation of air handling units and packaged units of various sizes and capacities to the school’s senior building and juniors’ library.
Zamil Steel Construction Co., Ltd. has been assessed by RICI Company Ltd. and certified as meeting the requirements of ISO (International Organization for Standardization) 9001:2015 Quality Management System Certification. RICI is a training organization approved by the CQI and IRCA (International Register of Certificated Auditors, UK), and a certification and inspection body accredited by the IAS (International Accreditation Service, USA).

Zamil Steel Construction has achieved this accolade under the scope of the “General Construction of Residential and Non-Residential Buildings.”

ISO 9001:2015 is an international standard that defines the basic elements of a quality system that organizations adopt to ensure that their services meet and exceed the expectations of customers and other stakeholders.

Zamil Steel Construction greatly values this certification as it complies with international standard requirements for ensuring a quality management system. It is one of the measures by which clients and partners alike can be assured of the reliability and consistency in the company’s delivery of construction and project management services.
Zamil Air Conditioners has completed the supply, including start-up and commissioning work, of an assortment of HVAC systems for the construction of nine commercial malls project in Egypt.

Under its agreement with the National General Contracting and Supplies Co., Zamil Air Conditioners has supplied and commissioned HVAC systems, including 108 high-efficiency packaged units of various sizes and capacities, to nine commercial malls in several new cities across Egypt. The supplied HVAC systems will provide a total cooling capacity of 2,400 tons.

The project aims to provide high-quality foods and basic commodities at competitive prices and in suitable quantities for all citizens across Egypt.
The Maintenance, Repair, and Overhaul (MRO) business unit at Zamil Air Conditioning & Refrigeration Services Co., Ltd. (Zamil CoolCare) has been recertified by the National Environmental Balancing Bureau (NEBB) for another two years in the Testing, Adjusting and Balancing (TAB) of Environmental Systems and in the Whole Building Technical Commissioning of New Construction.

Zamil CoolCare staff have successfully met all standards and new requirements for NEBB-certified professional status in the aforementioned disciplines. These standards and requirements have also been made part of the company’s operations. The company’s staff are recognized as highly skilled specialists able to measure the efficiency of building systems and provide customized solutions for business owners.

NEBB certification is a tangible proof of a specialist’s qualifications to perform work in accordance with NEBB Procedural Standards. This is another proof that Zamil CoolCare maintains high standards and upholds its promise of being an exceptional service company.

Established in 1971, NEBB is the premier international certification association for firms that deliver high-performance building systems. NEBB’s function is to establish, promote, and maintain high-quality standards through certification of firms, professionals, and technicians.
Zamil Steel Buildings India has supplied 5,200 square meters of pre-engineered steel buildings for the construction of an indoor stadium. The client is a premier engineering institute in Lucknow in northern India.

Zamil Steel Buildings India’s scope of work included the design, fabrication, supply, and erection of pre-engineered steel buildings for the indoor stadium. The fabulous hollow-section superstructure has three different levels with a clear height of 25 meters. Tekla Structural Designer software was used to analyze and design the buildings and structures, setting the perfect example of modern structures.

One major challenge on site was erecting the double-corded supernova sections at a height of 25 meters, setting a new benchmark during the construction of the gigantic, eye-catching structure.

The excellent performance of Zamil Steel Buildings India on this important project will be added to the company’s list of achievements, and will undoubtedly lead to the securing of further prestigious contracts in the future.
Zamil Air Conditioning & Refrigeration Services Co., Ltd. (Zamil CoolCare) has been awarded new contracts by the Saudi Electricity Company (SEC) for the maintenance and repair of HVAC systems at the SEC’s power plants in the western region of Saudi Arabia.

Under these agreements, Zamil CoolCare will supply, install, and replace vast HVAC systems at the Shoaiba and Rabigh power plants, as well as at several sites in Jeddah city in western Saudi Arabia.
As part of our social responsibility towards the community, Zamil Industrial, in cooperation with King Fahad Specialist Hospital in Dammam, organized and conducted its annual blood donation campaign from 10 to 14 January 2021.

The event took place in both the First and Second Industrial Cities in Dammam, and was attended by participants throughout the company.