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Company Data

About the company

Market: Egypt Sector: Contracting & Construction Engineering
Reuters Code: ENGC.CA Bloomberg Code: ENGC:EY

The Industrial Engineering Company for Construction and Development (ICON) is a joint-stock company established in 1977. Operating under Law No. 159/1981, with authorised capital of EGP 1.5 billion, and issued and paid-up capital of EGP 582 million, distributed over 145,500,000 shares with a par value of EGP 4 per share. The company was listed on EGX on March 2, 1982.

Subsidiaries Direct Indirect
ICON Panels 99.99%
ICON Prefabricated Buildings and Caravans 99.99%
Industrial Prefabricated Buildings Development – KSA 100%
Dalmine Egypt Logistic Solutions 99.92%
ACROW Misr for Scaffolding & Formwork 78.77%
ACROW Building Products (ABP) 59.23%
ACROW Integrated Construction Services (AICS) 70.89%
ACROW SRL – Romania 78.77%
ACROW Formwork LTD – Nigeria 70.89%
ACROW Oman 55.13%
ACROW East Africa LTD – Tanzania 74.83%
ACROW East Africa LTD – Kenya 78.77%
WORCA FORMWORK SOLUTIONS PTY LTD – Australia 74.83%
ACROW Formwork Technology – Abu Dhabi 38.59%
ACROW de Zad – Algeria 38.59%
ACROW Qatar 38.59%

Executive Committee

Eng. Ahmed Elwan CEO
Eng. Moataz Mahmoud Manufacturing Manager
Eng. Mohamed Henawy Strategy & Business Development Director
Eng. Ehab Ali Projects Sales and Marketing Manager
Eng. Hazem Sabry Supply Chain Manager
Mr. Hany Bassiouny CFO
Mr. Ahmed Gamal HR Business Partner
Eng. Mahmoud Serry Panels Sales Manager
Eng. Mostafa Refaat Engineering Manager
Mr. Wael Sakr – PWC Auditor

Board of Directors

1. Mr. Arafat Mohamed Sakr Chairman Executive
2. Eng. Ahmed Enaba CEO Executive
3. Mr. Hisham Youssef El Far Board member Non-executive
4. Mrs. Mona Mohamed Sakr Board member Non-executive
5. Mr. Ahmed Nabil Sakr Board member Non-executive
6. Eng. Ahmed Lotfy Soliman Board member Independent
7. Mr. Omar Ahmed Refaat Board member Independent
8. Mrs. Maha Maalouf Board member Independent

Summary of Operations

Today, ICON owns and operates several factories where utmost quality products are ensured by total quality management of end-to-end manufacturing of corrugated sheets, accessories, sandwich panels, steel purlins and guard rails. The company provides and operates building and unit projects manufactured from structures applied using its famous ICON sandwich panels and corrugated galvanized steel sheets. These units come in portable items such as the Caravan units. They also come in fixed units such as the prefabricated building units.
As owners of long history and accumulative experiences, along with the sustainable development in such rare fields in Egypt; ICON became the sole solution for seekers of best quality in material and highest practice of installation for these very special structures.

Audit Committee

1. Mr. Omar Ahmed Refaat Head
2. Mr. Ahmed Lotfy Soliman Member
3. Mr. Hisham Youssef El Far Member

Shareholder Structure

Arafat Sakr (32.1/50)32
32
Hisham El Far (13.1/50)13 of 50
13 of 50
Mona Sakr (9.6/50)9 of 50
9 of 50
Ahmed Sakr (5.57/50)5
5
Others (40.17/50)40
40