about
Zamil Offshore, a Saudi Private Sector Closed Stock Company under the esteemed Zamil Group Holding, has been a pivotal entity in the Middle East's offshore support services sector since its establishment in 1977. From 2024, the company is proudly part of the Saudi Public Investment Fund, further solidifying its strategic importance in the region. Zamil Offshore manages a dynamic fleet of 75 diverse offshore Support Vessels, excelling in segments such as hook-up services and diving operations. The company's commitment to reliability and excellence has earned it a sterling reputation in the industry.
1977
Zamil Marine Services was founded with a clear mission to deliver extensive marine solutions and services. From its inception, the company has aimed to cater to a wide range of maritime needs, ensuring robust support across various sectors of the marine industry. This commitment underscores their dedication to excellence in maritime operations, maintenance, and support services, contributing significantly to the efficiency and safety of marine operations globally.
1980
The decision to change the company name to Zamil Marine & Catering Services marked a strategic move towards diversification, specifically targeting the operation and management of accommodation barges. This change reflects the company's proactive approach to expanding its service offerings beyond traditional marine solutions. By integrating catering services into their portfolio, Zamil Marine & Catering Services aims to enhance their capability to provide comprehensive support to offshore operations, ensuring not only logistical support but also the well-being and comfort of personnel working in remote and challenging environments.
1985
The decision to rebrand as Zamil Operations & Maintenance signifies a strategic shift towards diversification into multiple fields beyond the marine sector. This transformation highlights the company's evolution towards offering a broader range of operational and maintenance services across various industries. By expanding their scope beyond maritime solutions, Zamil Operations & Maintenance aims to leverage its expertise and experience in efficient operations and meticulous maintenance to cater to diverse sectors such as energy, infrastructure, and facilities management. This repositioning underscores their commitment to delivering high-quality, reliable services tailored to meet the evolving needs of clients across different industries.
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2008
The demerger of all marine and offshore activities into a new entity named Zamil Offshore Services Company represents a focused strategic decision to streamline operations and enhance specialization. By establishing Zamil Offshore Services Company, the parent company can allocate dedicated resources and expertise specifically tailored to the marine and offshore sectors. This move enables Zamil Offshore Services Company to sharpen its focus on delivering specialized marine solutions, offshore support services, and comprehensive maritime logistics. It also underscores the parent company's commitment to optimizing operational efficiency and maximizing value for stakeholders within the marine and offshore industries.
2011
The partial acquisition of the company by the Saudi Public Investment Fund (PIF) marks a significant milestone in its strategic growth and development. This partnership with PIF, one of the largest sovereign wealth funds globally, brings substantial financial backing and strategic support to the company. It reflects PIF's confidence in the company's capabilities, potential for growth, and its strategic importance within the Saudi Arabian economy. This acquisition not only strengthens the company's financial position but also opens up opportunities for enhanced operational expansion, innovation, and market leadership across its diversified service offerings. Moreover, it underscores the company's alignment with national economic objectives and its role in contributing to Saudi Arabia's vision for economic diversification and industrial development.
By this time, HSI32 project; the collaborative initiative between Saudi Arabia and France aimed at enhancing the Royal Saudi Navy's capabilities through the acquisition and localization of fast interceptor vessels. In April 2018, Saudi Arabia's Zamil Offshore Services Company signed a $480 million agreement with French shipbuilder CMN for the construction of 39 HSI32 interceptors. According to the agreement, 21 vessels were built by CMN in Cherbourg, France, and the remaining 18 were assembled at Zamil Offshore Services' facilities in Saudi Arabia.
2019
Zamil Offshore has experienced significant growth and diversification in its maritime projects, solidifying its position as a leader in the Saudi Arabian offshore industry. The company has expanded its fleet to over 90 vessels, including 19 jack-up barges, making it the largest jack-up operator within the Kingdom. In 2021, Zamil Offshore entered into a long-term agreement with International Maritime Industries (IMI) to deliver offshore support vessel (OSV) building and maintenance, repair, and overhaul services in Saudi Arabia. This partnership aims to establish a competitive OSV building and MRO service provider in the region.
2022
2024
In 2024, the Public Investment Fund (PIF) acquired a 40% stake in Zamil Offshore, further strengthening the company's capital base and enabling it to expand its services and fleet to meet the growing demand for offshore support services, including future wind power generation activities.
These strategic initiatives reflect Zamil Offshore's commitment to enhancing its capabilities and contributing to the development of Saudi Arabia's maritime industry.