Dammam - Zamil Group Investment Co. Ltd., a subsidiary of Zamil Group Holding and the investment arm of the Group, announced that it has acquired a 40 percent stake in the Zajil Express Trading Co., a leading corporation in the field of transporting and shipping of goods and missions on land roads inside and outside the Kingdom of Saudi Arabia.
The deal is part of Zamil Group's endeavors to diversify its business portfolio and revenue streams and enhance its service offering to local and regional clients.
Zajil Express was established in 1999 to support the developing Saudi economy as the "fastest and most economical transportation partner of goods and missions". After the Al Kadi Holding Group acquisition in 2009, Zajil increased its geographical coverage to 43 branches across the Kingdom. The company invests in national talent whenever possible and maintains its competitive advantage by evaluating and adapting its operations to meet customer requirements.
Adib A. Al Zamil, Managing Director of Zamil Group Investment Co., said in a statement: "As witnesses to the recent growth and development of Zajil Express across the Kingdom, we are confident that our investment will enhance the company's potential for growth and fuel further local and international expansion."
"Zamil Group continues to build successful ventures with technology and market leaders, as well as with regional private companies. Our expertise, experience and strengths ensure we are well placed to continue offering our partners very exciting investment prospects," he added.
Yasser A. Al Kadi, VP of Kadi Holding Group and Managing Director of ZajilExpress, commented: "We are proud to partner with Zamil Group Investment Co. and expect our cooperation to successfully meet the challenging needs of our customers, maintain and increase our competitive advantage and lead to many new opportunities for growth and expansion in the future."
Zamil Group Holding Company is a global investment company that provides high quality, competitively priced products and services to a worldwide customer base along with innovative opportunities for investors, partners and stakeholders in the industrial, petrochemicals and services sectors. Strong affiliations with many international partners facilitate manufacturing operations in more than 60 countries.
The group operates over 60 sector businesses, employing a total workforce of 19,000 to deliver a wide range of products and services, including the manufacture of air-conditioning systems, plastics, steel fabrication, paints, cranes and heavy process equipment. It is also engaged in shipbuilding and repair, port operations and maintenance, petrochemicals and chemicals, industrial investment and general construction.
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For more information on this press release, contact Zamil Group Holding Co., Corporate Communications,
Tel: (966) 13 8824888, Fax: (966) 138136222, or E-mail: info@zamil.com
© Press Release 2015
