Industrial Engineering Company for Construction and Development (ICON) logged consolidated net profits attributable to the parent company amounting to EGP 355.188 million

Prime Minister Mostafa Madbouly held a meeting to follow up on the development plans for seven historic hotels previously offered under the government’s privatization program.

Industrial Engineering Company for Construction and Development’s (ICON) consolidated net profits attributable to the parent company climbed 140.19% year on year (YoY) in the first half (H1) of 2024 to EGP 519.590 million, versus EGP 216.322 million.

Industrial Engineering Company for Construction and Development’s (ICON) consolidated net profits after tax and minority interest jumped 157% year on year (YoY) to EGP 361.416 million in the first quarter (Q1) of 2024, compared to EGP 140.605 million.

Industrial Engineering Company for Construction and Development (ICON) posted a 183.16% year-on-year (YoY) surge in consolidated net profit attributable to the parent for the full year ended December 31st 2023, according to the consolidated financial statement filed to the Egyptian Exchange (EGX) on April 23rd.

The Arab Company for Tourism and Hotels Investments (ICON), a subsidiary of Talaat Moustafa Group Holding (TMG), has completed the procedures of raising the capital of Legacy Hospitality and Touristic Development,

The Arab Company for Tourism and Hotels Investments (ICON), a subsidiary of Talaat Moustafa Group Holding (TMG), has wrapped up a deal for the acquisition and full management rights of a 51% stake in Legacy Hotels.

The Egyptian Chemical Industries (KIMA) has received a delegation from India’s ICON to prepare the technical studies needed for the rehabilitation of the former’s porous ammonium nitrate production line.

The ADQ Holding Group and the UAE-based ADNEC Group have signed definitive agreements to strategically acquire a 40.5% stake in the Arab Company for Tourism and Hotels Investments (ICON), the hospitality arm of Talaat Moustafa Group Holding (TMG).

Industrial Engineering Company for Construction and Development’s (ICON) consolidated net profits attributable to the parent company rose 204.95% year on year (YoY) during the first nine months of 2023, reaching EGP 338.968 million, compared to EGP 111.155 million, according to a filing on December 24th.

Arab Company for Tourism and Hotels Investments (ICON), a subsidiary of Talaat Moustafa Group Holding (TMG Holding), is leading a consortium to complete the acquisition deal of Egyptian historic hotels.

Prefabricated Buildings Development Industrial Co., a 100%-owned subsidiary by Industrial Engineering Company for Construction and Development (ICON), has penned a SAR 40 million contract to establish a factory in Tabuk, Saudi Arabia.

ICON is an Egypt-based company engaged in manufacturing and producing several types of steel-sheet-related products.

The Egyptian Exchange’s (EGX) listing committee has approved listing the issued and paid-up capital increase of the Industrial Engineering Company for Construction and Development (ICON).

Industrial Engineering Company for Construction and Development (ICON) has decided to distribute 0.2-for-1 bonus shares to shareholders as of September 21st.

Industrial Engineering Company for Construction and Development’s (ICON) consolidated net profits attributable to the parent company rose 428.5% year on year (YoY) in the first quarter (Q1) of 2023, reaching EGP 140,604,988 million, versus EGP 24,139,277 million.

Industrial Engineering Company for Construction and Development’s (ICON) ordinary general meeting (OGM) has greenlit increasing the firm’s issued capital by EGP 97 million distributed over 24.250 million shares at a par value of EGP 4 per share.

ICON has been the pioneer leader in cladding for steel constructions and prefabricated buildings in Egypt since its inception in 1977. The company offers its clients a diverse range of high-quality products; from steel construction materials such as pre-painted steel corrugated sheets, steel deck, sandwich panels, and cold store panels to prefabricated building construction of various types.