Middle East Economic Survey


No 29


Saudi Arabia

ZIIC Profits Reach $14.1Mn For 1H2005

Zamil Industrial Investment Company (ZIIC) on 11 July announced that its net profits after Zakat contributions reached SR53mn ($14.1mn) for 1H2005, a 51.1% increase over the same period in 2004. Total turnover reached SR1.2bn($320mn) in 1H2005, a28% increase over 1H2004. Shareholders equity increased by 16.5% to reach SR528.5mn ($141mn). Total exports amounted to SR424mn ($113mn),...