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Egypt: EGP 15.1 million sales of “Iron and Steel for Mines” in June

The Board of Directors of the Iron and Steel Company for Mines and Quarries approved the planning budget for the next fiscal year 2022-2023.

The company stated in a statement to the Egyptian Stock Exchange, today, Monday, that it aims to achieve a net profit of EGP 91.82 million during the next fiscal year.

It is noteworthy that Iron and Steel Mines is a split company from the Egyptian Iron and Steel Company.

And Iron and Steel Mines and Quarries achieved a net profit before tax during the first half of the current fiscal year, amounting to EGP  21.9 million (the period from July to the end of last December).

It also achieved revenues of EGP 55.7 million during the first six months of the current fiscal year.

Last January, the Ordinary General Assembly of the Egyptian Iron and Steel Company agreed to dissolve and liquidate the company as soon as the division process was completed, and to authorize the association’s president to appoint liquidators and determine their fees and the term of liquidation, provided that the company’s financial position on December 31, 2020 is a basis for liquidation.


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لوريم ايبسوم هو نموذج افتراضي يوضع في التصاميم لتعرض على العميل ليتصور طريقه وضع النصوص بالتصاميم سواء كانت تصاميم مطبوعه لوريم ايبسوم ليتصور طريقه لوريم ايبسوم.

About AISU

Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.

It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world.

Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries.


92 Members

28 Board of Directors

17 Country

300.000 Employees

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