Zamil Group Holding is one of the largest investment holdings in Saudi Arabia with headquarters in Al Khobar, Saudi Arabia. Several of its subsidiaries such as Zamil Steel Company, Sipchem, Zamil Industrial are publicly listed in the Saudi Arabia stock exchange.[1][2]
History
Zamil Group Holding was founded in 1920 in Qassim region in the Kingdom of Saudi Arabia by Sheikh Abdullah Al-Hamad Al-Zamil.[3][4]
Until 1940 the company operated as a trade and services company, when it diversified into real estate.[5][6]
In 1974, Zamil Group Holding started manufacturing cooling systems having established Zamil Air Conditioning under the license from Friedrich Air Conditioning Company.[7]
In 1976, Zamil Steel Company was added to Zamil Group and in 1977, Zamil Offshore Services was founded offering engineering and construction services to offshore oil and gas platforms.[8]
References
- Al Zamil Group (Al Zamil Group) - Family Office, Bahrain - SWFI www.swfinstitute.org^
- Waqar Mughal. Zamil Group Holding - Top 100 Arab Family Businesses in the Middle East 2021 Forbes Lists^
- Business and entrepreneurship in Saudi Arabia : opportunities for partnering and investing in emerging businesses Hoboken, 8 September 2016