Saudi American glass expands presence with annual output of seven million sq. meters of high performance glass

Date: 12 October 2011
Introduces Vitroglaze to Saudi MarketRiyadh-Saudi Arabia: 11 October, 2011 - Saudi American Glass (SAG), a component of Glass LLC, a leading processor of architectural flat glass in the Middle East and a subsidiary of Dubai Investments PJSC, has expanded its presence in Saudi Arabia through increasing the overall production capacity of energy-efficient glass to seven million square meters per annum.

Saudi American Glass has also introduced Vitroglaze to the Saudi market, becoming the only provider of self-cleaning glass that uses nanotechnology to minimize maintenance costs.

As an organic progression of SAG's growth, Glass LLC has opened two new sales offices for SAG and its sister concern Emirates Glass in Riyadh and Jeddah.

Glass LLC brands - Emirates Glass, Lumiglass, Saudi American Glass and Emirates Float Glass - offer a diverse range of spectrally selective tinted glass to domestic and international markets.

Ziad Yazbeck, Senior Vice-President, Sales and Marketing, Glass LLC, said: "Since its inception in 1978, SAG has occupied a strategic position as the leading processor of architectural flat glass in Saudi Arabia. We have achieved high output levels through the close integration of our units under Glass LLC.

"The increase in production capacity by 400%, which has led to an increase in output by 2.5 million sq. meters per annum, will allow us to cater to a larger market base. Additionally, our new sales offices will deliver enhanced services to our customers and respond to their demand for high performance glass. The launch of Vitroglaze to the Saudi market further underscores our policy to support the environment and promote green development."

SAG offers a range of glass products that provide low visible light internal reflectance to help building occupants get a clearer view, particularly at night. Further, the double silver coatings on glass lower U-values and ensure higher insulation. More importantly, the high-performance glass products offer a pleasant working environment without incurring massive air-conditioning costs.

SAG has supplied glass to major projects that dominate the Riyadh skyline including the Kingdom Centre, Al Faisaliah Center, Ministry of Higher Education headquarters and the new Riyadh Exhibition Centre. SAG has also received the contract to supply glass to Saudi Aramco's KAPSARC Project in Riyadh and Gosy Park project. The spectacularly designed project will be Saudi Arabia's first LEED Platinum-rated building.

About Dubai Investments:

Dubai Investments PJSC (DI) is a world-class company that invests in viable and profitable entities. With over 19,894 shareholders, and paid-up capital of AED 3.5 billion, it is the largest investment company listed on Dubai Financial Market.

Dubai Investments PJSC was incorporated in 1995, with the primary objective of investing in companies and projects.

DI has established companies encompassing a diverse range of sectors including manufacturing, food and related fast moving consumer goods, wholesale and retail trade representation, healthcare and pharmaceuticals, industrial and commercial properties, real estate management and property development, transportation, shipping, distribution and logistics, marketing and sales, publishing and telecommunications.

DI's mission is to add value and to grow its investment portfolio through active strategic stewardship, financial engineering and leveraging its corporate brand, business promotion capabilities, network of relationships, and financial resources.

About Glass LLC:

Glass LLC, the first glass holding company in the Middle East dedicated to meeting the growing needs of the regional glass industry. Glass LLC incorporates four subsidiaries: Emirates Glass LLC, one of the largest processors of flat architectural glass in the region; Emirates Float Glass, the UAE's first integrated glass manufacturing and processing facility in Abu Dhabi; Lumiglass Industries, makers of automotive and architectural laminated glass products; and the Saudi American Glass Company, which is one of the Middle East's largest glass manufacturers.

For media inquiries, please contact:

APCO Worldwide (Jiwin Public Relations)

Anindita Chatterjee

Tel: 971 4 446 6260

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Mohamed Mousa

Tel: 971 4 369 2836

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600450 Saudi American glass expands presence with annual output of seven million sq. meters of high performance glass
Date: 12 October 2011

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