ArabFinance: International Company for Investment and Development (ICID) posted a standalone net profit of EGP 381.775 in quarter one (Q1) of 2021, according to the companys April 20th unaudited financial statements filed to the Egyptian Exchange.

This marked a Year on Year decline of 27.81% when compared to EGP 528.889 in Q1 2020.

On April 1st, ICIDs extraordinary general assembly will distribute one free share for every five held, with total value amounts to EGP 9 million.

ICID is an Egypt-based company engaged in investment activities in different business sectors. It invests in the real estate and housing sector, contracting projects, reclamation of desert lands, financial leasing, and other investments within new and existing companies. It also invests in livestock and poultry production, animal feeds manufacturing, and agricultural land utilization and reclamation.

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