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 distribute cash dividends of EGP 0.30 per share for 2019’s earnings, according to a bourse disclosure on Monday.

It is worth mentioning that in 2019, ICON reported net profits of EGP 150 million, down from EGP 374.56 million a year earlier.