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21 December 2025 00:23 PM IEEC’s board approves 2 acquisitions at EGP 740m

Cairo - Mubasher: The board members of Industrial and Engineering Enterprises Company (IEEC) greenlighted, during their meeting on 20 December, the acquisition of Enterprise Sigma Technology for a value of up to EGP 300 million. Moreover, IEEC …

Companies Investments

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18 December 2025 03:26 PM Acrow Misr posts lower consolidated net profits at EGP 557m in 9M-25

Cairo - Mubasher: The consolidated net profits after tax of Acrow Misr for Scaffolding and Formwork reached EGP 556.97 million in the first nine months (9M) of 2025, signaling a year-on-year (YoY) drop from EGP 748.38 million. The earnings per …

Financial Results

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18 December 2025 01:56 PM ICON’s consolidated net profits drop to EGP 526m in 9M-25; positive turn in standalone financials

Cairo - Mubasher: Industrial Engineering Company for Construction and Development (ICON) registered an annual plunge in consolidated net profits after tax to EGP 525.94 million in the first nine months (9M) of 2025, compared to EGP 814.51 million. …

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9 December 2025 01:24 PM Acrow Misr's board approves voluntary delisting from EGX

Cairo - Mubasher: The board members of Acrow Misr Formwork Technology issued a resolution to carry on with the procedure of voluntary delisting from the Egyptian Exchange (EGX), according to a bourse filing. Meanwhile, the shares of those …

General Assembly

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8 December 2025 04:22 PM Acrow Misr plans voluntary delisting, unveils FV study

Cairo - Mubasher: Acrow Misr Formwork Technology has completed a fair value (FV) study of its shares ahead of a planned voluntary delisting from the Egyptian Exchange (EGX), according to a bourse filing. The study report indicated that the FV for …

Corporate Actions

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2 December 2025 09:36 PM Wadi Kom Ombo records lower net profits at nearly EGP 2m in Q1-25/26

Cairo - Mubasher: The net profits after tax of Wadi Kom Ombo for Land Reclamation Company reached EGP 1.71 million in the first quarter (Q1) of fiscal year (FY) 2025/2026, marking a year-on-year (YoY) drop from EGP 15.52 million. The earnings per …

Financial Results

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30 November 2025 05:04 PM Copper for Commercial Investment swings to EGP 7m net losses in 9M-25

Cairo - Mubasher: Copper for Commercial Investment and Real Estate Development shifted to net losses after tax of EGP 7.09 million in the first nine months (9M) of 2025, versus net profits after tax worth EGP 3.72 million in 9M-24. The loss per …

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30 November 2025 04:44 PM Giza Contracting’s consolidated net profits leap to EGP 140m in 9M-25

Cairo - Mubasher: The consolidated net profits after tax of Giza General Contracting and Real Estate Investment Company reached EGP 140.07 million in the first nine months (9M) of 2025, reflecting a year-on-year (YoY) surge from EGP 33.22 million. …

Financial Results

HEIBCO for Commercial Investments and Real Estate Development

25 November 2025 05:02 PM HEIBCO's net profits decline to EGP 23m in 9M-25

Cairo - Mubasher: HEIBCO for Commercial Investments and Real Estate Development generated lower net profits after tax at EGP 23.29 million in the first nine months (9M) of 2025, compared with EGP 37.24 million in 9M-24. The earnings per share …

Financial Results

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18 August 2025 04:51 PM ICON generates lower consolidated profits in H1-25; revenues cross EGP 3.3bn

Cairo - Mubasher: Industrial Engineering Company for Construction and Development (ICON) posted 26.76% year-on-year (YoY) lower consolidated net profits after tax at EGP 471.50 million, compared to EGP 643.80 million. Basic and diluted earnings …

Financial Results

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18 August 2025 04:36 PM Acrow Misr delivers EGP 476m consolidated net profits in H1-25

Cairo - Mubasher: Acrow Misr for Scaffolding and Formwork posted 14.72% year-on-year (YoY) lower consolidated net profits after tax at EGP 476.13 million in the first half (H1) of 2025, compared to EGP 558.37 million. The EGX-listed company …

Financial Results

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19 June 2025 08:13 PM Egyptians for Investment approves EGP 15m capital increase

Cairo - Mubasher: The Egyptians for Investment and Urban Development Company’s board agreed, on 18 June, to increase the issued and paid-up capital to EGP 165 million from EGP 150 million. The EGX-listed firm will distribute 15 million bonus …

Management Decisions

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26 May 2025 02:44 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

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26 May 2025 02:27 PM Acrow Misr’s consolidated profits exceed EGP 200m in Q1-25

Cairo – Mubasher: The consolidated net profits after tax of Acrow Misr for Scaffolding and Formwork plunged to EGP 210.17 million in the first quarter (Q1) of 2025 from EGP 400.29 million in Q1-24. Revenues amounted to EGP 1.27 billion at the end …

Financial Results

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11 March 2025 04:10 PM Acrow Misr sees higher consolidated profits in 2024; revenues hit EGP 4.3bn

Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork achieved consolidated net profits after tax amounting to EGP 1.14 billion in 2024, up from EGP 344.36 million in 2023. Revenues from contracts with customers hit EGP 4.31 billion last year, …

Financial Results

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3 December 2024 02:21 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

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3 December 2024 01:26 PM Acrow Misr’s consolidated profits near EGP 748.5m in 9M-24

Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork posted higher consolidated net profits after tax at EGP 748.38 million in the first nine months (9M) of 2024, versus EGP 347.08 million in 9M-23. The revenues amounted to EGP 3.18 billion …

Financial Results

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20 November 2024 09:49 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

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24 October 2024 10:07 AM Acrow Misr’s board greenlights 2023 cash dividends

Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork announced cash dividends valued at EGP 206.45 million for 2023, according to a bourse disclosure. The board members approved a divined of EGP 3.75 per share to be distributed from the …

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21 August 2024 10:48 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

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21 August 2024 08:01 AM Acrow Misr’s H1-24 consolidated revenues cross EGP 2bn; profits hike

Cairo – Mubasher: The consolidated net profits after tax of Acrow Misr for Scaffolding and Formwork hit EGP 558.37 million in the first half (H1) of 2024, compared to EGP 237.55 million in H1-23. Revenues from contracts with customers reached EGP …

Financial Results

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17 July 2024 00:37 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

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17 July 2024 00:27 PM Acrow Misr’s consolidated profit jumps to over EGP 400m in Q1-24

Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork reported a consolidated net profit of EGP 400.29 million in the first quarter (Q1) of 2024 from EGP 146.79 million in Q1-23. Revenues from contracts with clients soared to EGP 893.66 …

Financial Results

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2 May 2024 08:56 AM Arabia Investments, Nasr Company for Civil Works unveil capital hike

Cairo – Mubasher: The shareholders of Arabia Investments Holding and Nasr Company for Civil Works agreed to increase the company’s issued and paid-up capital. Arabia Investments plans to raise its capital to EGP 467.43 million from EGP 424.94 …

Companies Investments

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23 April 2024 02:22 PM Acrow Misr’s consolidated profit surges to EGP 344m in 2023

Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork posted a consolidated net profit of EGP 344.36 million in 2023, up from EGP 113.11 million a year earlier. Revenues surged to EGP 2.55 billion last year from EGP 1.57 billion in 2022, …

Financial Results