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 million from EGP 424.1 million, the EGX said in a statement on Tuesday.
A total of 121.25 million shares will be listed on the EGX as of 2 September, the statement added.
During the first quarter of 2019, ICON’s net profit rose to EGP 52.571 million from EGP 33.038 million a year earlier.
