The Company Zamil Steel established in 1977 in Dammam, Saudi Arabia, specializes in the design, manufacture and supply

of pre-engineered steel buildings. Since its inception, Zamil Steel has supplied more than 50,000 buildings to over 90 countries worldwide, through a dedicated network of 61 direct Sales Offices in 39 countries and 53 Certified Builders in 24 countries. Our Customers array of global and international companies such as, ABB, Procter & Gamble, General Electric, Coca Cola, Pepsi Cola, Nestle, Parsons, Toyota, BMW, Mitsui, Mitsubishi, Sanyo, Toshiba, Honda, Unilever, Fuji Film, Isuzu, LG, DaimlerChrysler, Bechtel, Sabic and Saudi Aramco to mention but a few. Building System engineered buildings companies that offer a complete building system. It starts from engineering, procurement and manufacturing and extends into installing the building along with supplied accessories such as doors and windows.

Our list of customers is rich with a wide Zamil Steel is one of the few pre-

Vision and Mission Our Vision To be the world's most reliable and innovative manufacturer, service and solution provider in the steel industry. Our Mission To supply high-quality steel products, providing related services and solutions to a worldwide client base while utilizing innovative technologies within an environment of motivated employees, focused on continuous improvement, highest business standards, work ethics and corporate citizenship, leading to

added value for our customers and sustained return on investment to our shareholders.

Zamil Industrial Founded in 1998 and headquartered in Dammam, Saudi Arabia, Zamil Industrial Investment Company (Zamil Industrial) is a leading manufacturing and fabrication group that provides products, engineering systems and services for the construction industry. Its product portfolio includes pre-engineered steel buildings (PEB), structural steel products, air conditioning systems, air cooled heat exchangers, district cooling and utility services, process equipment, transmission and telecom towers, open web joists and steel decks, process furnaces products, aerated and precast concrete products, architectural glass processing, fiberglass insulation and engineered plastic foams solutions.

The company sells its products in more than 90 countries with manufacturing facilities in Saudi Arabia, United Arab Emirates, Egypt, Austria, India, Vietnam and Italy. Zamil Industrial employs more than 10,000 people in 55 countries and derives 27% of its revenues from outside Saudi Arabia. For the year ended 31 December 2009, Zamil Industrial posted turnover of SAR 4.204 billion/USD 1.121 billion, a decline of 7.6% over 2008, with net profit, after Zakat contribution, of SAR 230.2 million/USD 61.4 million. Post Zakat Earnings Per Share during 2009 grew to SAR 5.11/USD 1.36 from SAR 5/USD 1.33 representing 2.3 percent growth. Shareholders equity grew by 16.3% to SAR 1.2 billion/USD 319 million. Export sales accounted for SAR 1.1 billion/USD 296.4 million.

Quality Assurance

Zamil Steel places great emphasis on delivery of high quality products to its customers. Design and manufacturing facilities follow ISO 9001:2000 procedures. All products manufactured must pass stringent quality testing procedures, a standard inspection and testing plan is followed for all jobs. Quality Assurance Quality is a continuous process at Zamil Steel - where organization-wide action is taken to increase effectiveness and efficiency of the engineering process. This means that we continuously concentrate on improving our own performance to ensure that you -the client - benefit. Our aim is to meet your expectations every time. We take a proactive stance towards quality moving beyond Quality Control to provide Quality Assurance, so you can be confident that your requirements will be met with predictable quality - consistently. Our stringent process ensures that high quality standards are reflected as results in your business, guaranteeing your satisfaction every time. Quality Control QC inspection starts with checking of raw materials for compliance with specifications. The product is inspected at all stages of fabrication for quality of welding and dimensional tolerances. Surface preparation and coatings are inspected. All inspection records are retained on file for future reference. Quality Planning We are committed to process adherence through process improvement plans. This includes allocating human resources and funds for Products Research and Development, who work to implement good practices and maintain high standards in every project. Validation and Verification Roles and responsibilities are clearly defined, reviews and audits are conducted regularly to identify non-conformance and verify compliance.

Control of Non-conformance This involves identifying and recording non-conformance, performing detailed analysis and subsequent resolution of any non-conformances. Corrective and Preventive Action When internal Quality Audits result in non-conformances, corrective action is triggered through corrective and preventive action plans. The effectiveness of all such plans are closely monitored. Customer complaints are recorded and detailed analysis is carried out. Corrective action is implemented with a view towards continual improvement. Review and Audit of Assurances Zamil Steel's Management reviews and audits all Quality Assurance activities.

Product Research and Development Zamil Steel Industries promotes a culture rich in new ideas and innovation. Our Research and Development Department constantly engaged in product innovation. The talented group of engineers and architects that makes up our R&D Department work within a culture that fosters idea generation and perfection to the fullest. The end result is a consistent flow of design, process and product innovations, bolstering Zamil Steel's position as a global industry leader. When you choose Zamil Steel Pre-Engineered Buildings, you can be certain that your project will benefit from the dedicated efforts of our Product Research and Development Department.

We apply new ideas to every area of the company.

The following are just a few of the core initiatives that occupy the resources and talents of the Zamil Steel R&D department:

Refine details to constantly raise economical, safety and aesthetic standards Develop software that improves customer service Search for and test the viability of new products to complement and enhance our existing PEB systems

We consistently focus on learning and training.

Zamil Steel R&D professionals know that innovation needs to be shared throughout the company to achieve maximum success. Thats why learning is an ongoing activity throughout the Zamil Steel organization. The Products Research & Development Department engages in continuous training programs for all technical staff, in addition to providing extensive technical training to new sales executives and engineers. Overview

Founded in 1998 and headquartered in Dammam, Saudi Arabia, Zamil Industrial Investment Company (Zamil Industrial) is a leading manufacturing and fabrication group that provides products, engineering systems and services for the construction industry. Its product portfolio includes preengineered steel buildings (PEB), structural steel products, air conditioning systems, air cooled heat exchangers, district cooling and utility services, process equipment, transmission and telecom towers, open web joists and steel decks, process furnaces products, aerated and precast concrete products, architectural glass processing, fiberglass insulation and engineered plastic foams solutions. The company sells its products in more than 90 countries with manufacturing facilities in Saudi Arabia, United Arab Emirates, Egypt, Austria, India, Vietnam and Italy. Zamil Industrial employs more than 10,000 people in 55 countries and derives 30% of its revenues from outside Saudi Arabia. For the year ended 31 December 2010, Zamil Industrial posted a turnover of SAR 4.018 billion/USD 1.072 billion, a decline of 4.4% over 2009, with net profit, after Zakat contribution, of SAR 211.1 million/USD 56.3 million. Post Zakat Earnings Per Share during 2010 dropped to SAR 3.52/USD 0.94 from SAR 3.84/USD 1.02 representing 8.3 percent decline. Shareholders' equity

grew by 8.6% to SAR 1.399 billion/USD 373 million. Export sales accounted for SAR 1.112 billion/USD 297 million. Zamil Industrial shares are actively traded on the Saudi Stock Exchange (Tadawul). Corporate Role Zamil Industrial develops and supports the vision and strategic path of all its sector businesses through group-wide strategic initiatives and its "Corporate Shared Services" functions of Finance, Administration and Human Resources, Information Technology, Corporate Communications and Legal Affairs. Its objectives are closely drawn to achieve the following strategic ends:

A commitment to new product development through the use of advanced technology and the consolidation of IT environments. Maintenance of the highest quality assurance standards, reflected in a range of international quality accreditations. The continual expansion and development of international markets, while maintaining leadership in the home market of Saudi Arabia. Strategic acquisitions to complement the strengths of its sector businesses. Strategic alliances with selected multi-national companies to increase international presence and market share.

Investment in training and career development for employees.

Our Core Values Honesty & Integrity We believe that goodwill and a good reputation are integral to our business. We uphold Honesty, Integrity, Professionalism and a high level of business ethics. We observe prudence and fairness in dealings with our stakeholders. Customer & Excellence We are diligent about understanding and fulfilling our customers needs. We strive to please our customers with excellence in quality and services. We listen to our customers and go the extra mile to satisfy them. Innovation & Change We are passionate about meaningful innovation. We are a learning organization. We learn from our experiences and global

best practices, and we innovate to create leading local solutions leveraging on world-class knowledge. We embrace positive change brought forth by innovation and aspirations to grow our business Leadership & PrudenceWe cultivate talent and leadership to create sound business solutions, to best meet our customer needs, and to develop markets, people and shareholder value. We do so by optimizing use of funds, resources, materials, and technologies. We build prudence and costeffectiveness in our leadership culture and pass on the benefits to our customers. Community & Prosperity We believe in mutual prosperity. We aspire to thrive in business while bringing progress and prosperity to our own people and communities where we operate. Our culture, our ideas, our practices, our environmental concern, and our team work lead us to creating superior values for people and communities around us HISTORY Zamil Industrials lineage is easily traced directly to Zamil Group Holding Company, a much larger and well established business family, formerly known as A.H. Al Zamil Group of Companies and H.A. Al Zamil & Brothers Company. Zamil Group is an 85 year old Saudi family owned global company with diversified industrial operations and capabilities, commercial interests and alliances with leading international organizations. The Group offers wide range solutions through its vast manufacturing facilities network and international presence in over 60 countries. Founded was the 1920s by late Sheikh Abdullah Al Hamad Al Zamil (1897-1961) as a modest trading and real estate business. Zamil Brothers expanded and grew the business as they took over in the 1970s and transformed it into a world class conglomerate. Zamil Group operations cover numerous sectors from building products and components to paints, plastics, chemicals and petrochemicals, from shipbuilding to ship repair, port management and operations, from general construction to offshore marine support services. Zamil Group employs over 12,000 persons across its international operations in 60 countries. Its cultural and ethnic diversity provide strength and sustainability. As a good and responsible corporate citizen the Group contributes and helps developing the communities wherever its business is conducted.

CORPORATE GOVERNANCE AND SOCIAL RESPONSIBILITY We are firmly committed to our corporate and social responsibility. We are ever conscious of our corporate business principles and values that have existed for many years and guided our decisions and actions. We work together with our employees as one team responsible for implementing our strategic goals, and acknowledge our commitment to our stakeholders involved in Zamil Industrial value chain. We engage with stakeholders and pursue a policy of transparency and disclosure to ensure that our shareholders and prospective investors are kept aware and make informed business decisions and judgments. We adhere to the best practice in corporate governance to sustain investors and shareholders confidence and trust. We share the expectations of our shareholders for healthy profits and good returns on their investment. We are grateful for their crucial support in our investments and expansion programs. We value the trust of our clients in our brands, products and services. We also recognize their legitimate vested interest in the behavior, values, and actions of the company. We are responsive to investors, shareholders and stakeholders queries about the decisions we make and ensuing actions. We seek close relationships with our stakeholders to be able to interpret their expectations and respond to them efficiently. We practice good governance and ethics to create favorable perceptions about our company, and to increase awareness and promote a national culture to enhance the countrys reputation and good image. We design, manufacture and market our products in line with the highest industry standards to create sustained value for our shareholders and business partners, our employees and clients, our stakeholders and the countries where we operate.

We shall continue to improve upon the energy consumption characteristic of our products, and offer our clients with the most energy efficient climate control solutions and systems. We are committed to source and utilize environment friendly components in all of our manufactured products and to follow the best practiced norms in our industrial processes that cause the least harm to our environment. We will respect and comply with local laws and regulations of all the markets where we do business and where our brands and services are promoted. We endeavor to create the best working place conducive to employee safety and increased productivity. We believe that our continued success depends greatly on the professional contribution of our staff. It is essential that we recruit highly qualified people, who will contribute to the growth of the company. It is also essential to keep them motivated and offer them training and development programs. We are conscious of our impact on society, and our responsibilities, as a good corporate citizen, towards our community. We will give back to our communities in the form of financial donations or in kind to contribute towards their development and prosperity. We shall contribute towards the well being and prosperity of our communities. We engage in community partnership programs with our societies for our mutual benefit.

The creation of a performance-minded culture We consider performance management and development planning as shared responsibilities of all members of the Zamil Industrial family. Performance shall be the driver for innovation and growth; the system of merits and rewards to be distributed to employees shall therefore be

anchored on performance. The Company's Performance Evaluation and Development Plan (PEDP) is a results-based performance management system, reflective of business requirements vis--vis employee contributions. While it increases involvement of line supervisors and managers in human resource management issues such as training, promotions, merit/rewards and transfer of employees, it shall also provide information on individual progress and development of each employee, thus generating an objective basis for rewards and staffing issues. A performance-minded culture is not only in keeping with our Core Values but also challenges our entire Company to achieve outstanding results. top Setting of Performance Indicators During the beginning of the appraisal period, managers and employees discuss the Key Results Areas (KRAs) as defined from the employees Job Description, and establish Key Performance Indicators (KPIs), or the performance criteria for each KRA. From this process, targets and expected behavior shall be defined. KPIs can be set through the following parameters:

Quality Quantity Timeliness Expected behavior Tolerable Margin of error

At each stage of the process, the manager shall document his observations and periodically discuss performance based on KPIs with each of the employees under his supervision. Each employee should be responsible in communicating with his manager so that performance management becomes a dynamic process.

top Performance Appraisal The performance appraisal covers the entire calendar year. All employees regardless of length or type of contract shall be covered. The minimum length of service of the employee to be eligible for the PEDP is six months at the time of the appraisal period. The performance appraisal discussion has the following objectives:

Motivate employees to seek the highest levels of performance within their abilities Produce valid and consistent appraisals for Management's use in personnel administration Reinforce the role of the supervisor/manager in the development of people.

Based on the scoring system, a manager will be able to rate whether the employee Consistently exceeds, Meets and Exceeds, Successfully Meets, Meets Some, or Falls Below expectations. top Developmental Plan Based on the performance of the employee and potential growth areas identified by his manager, an employee may receive additional training or exposure as part of the program mapped out for his development. This is particularly important in creating a career path for certain employees in key positions. top Promotions Zamil Industrial believes in "promoting from within" in order to provide career growth for its employees while meeting its human resource requirements.

An employee shall be promoted without prejudice to his excellent performance in his present position or the absence of a suitable replacement in the event of a promotion. Promotion opportunities are made available regardless of race, nationality/ethnicity or religion.