The National Co. for Glass Industries (Zoujaj) said it is eyeing a 25-percent profit growth at the end of this year.

Zoujaj said that its Riyadh plant expansions are currently in the final stage of development, and will start production this coming quarter.

However, the company said it’s still mulling expanding its production line to manufacture glass flasks, containers and jars.

Zoujaj’s 45 percent-owned subsidiary, Saudi Guardian Glass Co. (GulfGuard) obtained the board’s nod to add a new line for the processing of architectural glass, thermal insulation increase, in addition to producing multi-color brands.

The bourse-listed company has also disclosed its ownership structure in 2014.

Zoujaj posted a 36-percent rise year-on-year in last year’s profit to SAR 61.5 million. However, sales during the same year retreated by 2 percent year-on-year due to a 5.5 thousand-ton drop in production on the back of scheduled maintenance.

Ownership Stake (Dec. 31, 2014)
Ownership Percentage	Number of investors	Stake ownership
%30	2	More than 1,000,000
%6.2	3	From 500,000 to less than 1,000,000
%16.7	26	From 100,000 to 500,000
%6	29	From 50,000 to less than 100,000
%19.5	308	From 10,000 to less than 50,000
%6.6	308	From 5,000 to less than 10,000
%11.5	1678	From 1,000 to less than 5,000
%3.5	3394	Less than 1,000

Investors
Number of shares (mln)	Number of investors	Type
18.6	5,714	Individuals
3.5	33	Institutions, mutual funds, and associations
7.9	1	Main shareholders

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The National Co. for Glass Industries (Zoujaj) said it is eyeing a 25-percent profit growth at the end of this year.

Zoujaj said that its Riyadh plant expansions are currently in the final stage of development, and will start production this coming quarter.

However, the company said it’s still mulling expanding its production line to manufacture glass flasks, containers and jars.

Zoujaj’s 45 percent-owned subsidiary, Saudi Guardian Glass Co. (GulfGuard) obtained the board’s nod to add a new line for the processing of architectural glass, thermal insulation increase, in addition to producing multi-color brands.

The bourse-listed company has also disclosed its ownership structure in 2014.

Zoujaj posted a 36-percent rise year-on-year in last year’s profit to SAR 61.5 million. However, sales during the same year retreated by 2 percent year-on-year due to a 5.5 thousand-ton drop in production on the back of scheduled maintenance.

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Zoujaj sees 25% profit growth in 2015

The National Co. for Glass Industries (Zoujaj) said it is eyeing a 25-percent profit growth at the end of this year.

Zoujaj said that its Riyadh plant expansions are currently in the final stage of development, and will start production this coming quarter.

However, the company said it’s still mulling expanding its production line to manufacture glass flasks, containers and jars.

Zoujaj’s 45 percent-owned subsidiary, Saudi Guardian Glass Co. (GulfGuard) obtained the board’s nod to add a new line for the processing of architectural glass, thermal insulation increase, in addition to producing multi-color brands.

The bourse-listed company has also disclosed its ownership structure in 2014.

Zoujaj posted a 36-percent rise year-on-year in last year’s profit to SAR 61.5 million. However, sales during the same year retreated by 2 percent year-on-year due to a 5.5 thousand-ton drop in production on the back of scheduled maintenance.

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