Engineering Industries (ENGC)

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News

26 May 03:44 PM ICON posts EGP 1.6bn revenues in Q1-25, turns to standalone profits

Cairo – Mubasher: Industrial Engineering Company for Construction and Development (ICON) recorded an annual drop in consolidated net profit after tax to EGP 224.42 million during the first quarter (Q1) of 2025, versus EGP 449.08 million. The …

Financial Results

3 December 2024 03:21 PM ICON logs EGP 4.5bn consolidated revenues in 9M-24; profits leap

Cairo – Mubasher: The consolidated net profits after tax of Industrial Engineering Company for Construction and Development (ICON) hit EGP 814.51 million in the first nine months (9M) of 2024.  The recorded net profits were higher than EGP 416.45 …

Financial Results

20 November 2024 10:49 AM AIF Holding acquires 62% shareholding in ICON for EGP 1.6bn

Cairo – Mubasher: AIF Holding Limited purchased a 62.22% stake in Industrial Engineering Company for Construction and Development (ICON) at a value of EGP 1.62 billion. AIF Holding bought 90.52 million shares in the EGX-listed company at an …

Mergers and Acquisitions

21 August 2024 11:48 AM ICON sees higher consolidated profits in H1-24; revenues hit EGP 2.7bn

Cairo – Mubasher: Industrial Engineering Company for Construction and Development (ICON) generated consolidated net profits of EGP 643.80 million in the first half (H1) of 2024, an annual rise from EGP 267.61 million. Revenues from contracts with …

Financial Results

17 July 2024 01:37 PM ICON’s consolidated profit hits EGP 449m in Q1-24

Cairo – Mubasher: Industrial Engineering Company for Construction and Development (ICON) logged a consolidated net profit of EGP 449.08 million in the first quarter (Q1) of 2024 from EGP 173.25 million in Q1-23. Revenues from contracts with …

Financial Results

23 April 2024 00:38 PM ICON’s consolidated profit records EGP 423m in 2023; dividends proposed

Cairo – Mubasher: Industrial Engineering Company for Construction and Development (ICON) reported a net consolidated profit after tax of EGP 423.59 million in 2023, up from EGP 145.41 million the year before. Revenues surged to EGP 3.62 billion …

Cash Dividends

25 December 2023 04:32 PM ICON’s consolidated profits leap 205% in 9M-23

Cairo – Mubasher: The consolidated net profit after tax and the minority of Industrial Engineering Company for Construction and Development (ICON) hit EGP 338.96 million in the first nine months (9M) of 2023. The recorded net profits were higher …

Financial Results

31 October 2023 03:31 PM Egyptian ICON’s unit signs contract for SAR 40m Gulf-focused project in Saudi Arabia

Cairo – Mubasher: Prefabricated Buildings Development Industrial Company, a 100%-owned subsidiary of the Egypt-based listed Industrial Engineering Company for Construction and Development (ICON), has penned a contract to develop a project in Saudi …

Companies Investments

5 October 2023 11:03 AM ICON registers over EGP 267.5m consolidated profits in H1-23

Cairo – Mubasher: Industrial Engineering Company for Construction and Development (ICON) posted consolidated net profits after tax valued at EGP 267.61 million in the first half (H1) of 2023. The recorded profits were higher than EGP 72.20 million …

Financial Results

13 July 2023 01:16 PM ICON’s shareholders nod to capital hike

Cairo – Mubasher: Industrial Engineering Company for Construction and Development (ICON) obtained the shareholders’ approval to increase the issued and paid-up capital to EGP 582 million from EGP 485 million. The shareholders greenlighted the …

General Assembly

25 May 2023 04:39 PM ICON’s subsidiary wins over SAR 105.5m deal for NEOM in Saudi Arabia

Cairo – Mubasher: Industrial Engineering Company for Construction and Development (ICON), listed on the Egyptian Exchange (EGX), said that its subsidiary Prefabricated Buildings Development Industrial Co. Saudi Arabia won a contract for the NEOM …

SM - Private Companies News

29 December 2022 10:26 AM ICON establishes new subsidiary in Saudi Arabia

Cairo – Mubasher: The Industrial Engineering Company for Construction and Development (ICON) announced establishing a new subsidiary in Saudi Arabia with SAR 5 million issued capital. The new company will manufacture, deliver, and install …

Companies Investments

5 October 2022 11:48 AM ICON to set up subsidiary in KSA with SAR 5m capital

Cairo – Mubasher: The board of directors of Industrial Engineering Company for Construction and Development (ICON) agreed to establish a company as per the regulating laws in Saudi Arabia with capital of SAR 5 million. The new company will …

Board of Directors

5 December 2021 02:36 PM ICON's profits surge 127% in 9M

Cairo – Mubasher: The consolidated net profits of Industrial Engineering Company for Construction and Development (ICON) hiked by 127% year-on-year (YoY) to EGP 116.41 million in the first nine months (9M) of 2021, compared to EGP 51.23 million. …

Financial Results

19 September 2021 11:44 AM ICON's profit surges 153% in H1-21 on higher revenue

Cairo – Mubasher: Industrial Engineering Company for Construction and Development (ICON) reported consolidated net profits of EGP 91.66 million in the first half (H1) of 2021, up by 153% year-on-year (YoY) from EGP 36.2 million.  The profits …

Financial Results

4 July 2021 02:03 PM ICON's profit hikes 144% in Q1-21

Cairo - Mubasher: The consolidated net profits of Industrial Engineering Company for Construction and Development (ICON) surged by 144% year-on-year (YoY) to EGP 55.34 million in the first quarter (Q1) of 2021, compared to EGP 22.66 million, …

Financial Results

3 June 2021 02:13 PM ICON asks for trading suspension on shares until completion of demerger

Cairo – Mubasher: Industrial Engineering Company for Construction and Development (ICON) submitted a request to the Egyptian Exchange (EGX) to halt trading on its shares as of the trading session on 14 June. The company asked for trading …

Corporate Actions

25 August 2020 00:59 PM ICON’s profit down 55% in H1-20

Cairo – Mubasher: Industrial Engineering Company for Construction and Development (ICON) reported consolidated net profits of EGP 36.2 million in the first half (H1) of 2020, down by 55.04% year-on-year (YoY) from EGP 82.04 million, including …

Financial Results

21 June 2020 00:54 PM ICON’s profit slides 57% in Q1-20

Cairo – Mubasher: The consolidated financial statements of the Industrial Engineering Company for Construction and Development (ICON) reported net profits of EGP 22.66 million in the first quarter of 2020, down by 56.8% year-on-year (YoY) from EGP …

Financial Results

4 May 2020 11:39 AM ICON’s shareholders approve EGP 0.30/shr dividends for 2019

Cairo – Mubasher: The ordinary general meeting (OGM) of the Industrial Engineering Company for Construction and Development (ICON) approved the cash dividend distribution proposed by the board of directors. The company’s shareholders agreed to …

Cash Dividends

15 December 2019 01:11 PM ICON’s consolidated profit down 78% in 9M-19

Cairo – Mubasher: The consolidated profit of the Industrial Engineering Company for Construction and Development (ICON) shrank by 78% year-on-year (YoY) to stand at EGP 79.9 million during the January-September period of 2019 from EGP 357.74 …

Financial Results

14 October 2019 11:36 AM ICON’s consolidated profit drops 77% YoY in H1

Cairo – Mubasher: Industrial Engineering Company for Construction and Development (ICON) posted a 76.6% year-on-year profit decline during the first half of 2019, the company’s consolidated financial statements showed. Net profits dipped to EGP …

Financial Results

27 August 2019 03:49 PM EGX approves ICON’s EGP 61m capital raise

Cairo – Mubasher: The Egyptian Exchange’s (EGX) listing committee approved increasing the capital of the Industrial Engineering Company for Construction and Development (ICON) by EGP 60.8 million. The company’s capital will be raised to EGP 485 …

Corporate Actions

2 July 2019 08:55 PM ICON to acquire 80% of Sun Infinite Energy’s capital

Cairo – Mubasher: Industrial Engineering Company for Construction and Development (ICON) has announced that it started the procedures required for the acquisition of Sun Infinite Energy (SIE). ICON is planning to acquire 80% of SIE’s issued …

Companies Investments

20 June 2019 00:27 PM ICON signs EGP 60m deal with Petrojet

Cairo – Mubasher: Industrial Engineering Company for Construction and Development (ICON) announced signing a supply and installation contract for subsistence units with Petroleum Projects and Technical Consultations Co. (Petrojet).     The total …

Corporate Actions