Cairo – Mubasher: Industrial Engineering Company for Construction and Development Company’s (ICON) decided to buy a 25% stake in Infinite East for Solar Energy, according to a bourse filing on Monday.
Infinite East operates with EGP 30 million, said ICON.
ICON’s profits fell 33.81% to EGP 16.43 million during the third quarter of 2016.
ICON is capitalized at EGP 106.9 million, divided into 26.7 million shares at EGP 4 per share.
