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ICA DECLARES INITIAL YEARLY DIVIDEND, APPOINTS NEW BOARD MEMBER

 MEXICO CITY, March 29 /PRNewswire/ -- Empress ICA Sociedad Controladora, S.A. de C.V. (NYSE: ICA), Mexico's largest construction company, today announced that at its annual meeting, held Friday, March 26, 1993, shareholders approved the distribution of an initial yearly cash dividend of 0.5 New Pesos per share, payable on April 21, 1993.
 Additionally, ICA announced the retirement of members of its board of directors. ICA management recognizes the contributions made by Messrs. Florencio Lopez Casillas; Frederico Casas Crespo; Luis Hidalgo Monroy and Daniel Farjeat Paramo to the management of the company, and wishes each of them continued success. Sr. Hector Ovalle V. Favela, director of ICA Concessionaires joins ICA's board of directors, bringing the current total to 17 members. ICA also announces the appointment of Alfredo Conrique Pulgar as secretary of the board of directors.
 Empress ICA Sociedad Controladora, S.A. de C.V. is the largest construction company in Mexico. It is engaged in a full range of construction and related activities. ICA constructs infrastructural facilities, as well as industrial, urban and housing construction for both the Mexican public and private sectors. ICA is also involved in the construction, maintenance and operation of highways, bridges and tunnels under concessions and markets industrial goods; owns and operates hotels. The company is also involved in the quarrying and marketing of construction aggregates, particularly limestone.
 -0- 3/29/93
 /CONTACT: Javier Mora, director of finance of ICA, 011-525-272-9991; or Cathleen Mayrose of Dewe Rogerson, 212-688-6840, for ICA/
 (ICA)


CO: Empresas ICA Sociedad Controladora S.A. de C.V. ST: IN: CST SU: DIV

SM-SH -- NY044 -- 0468 03/29/93 11:27 EST
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Publication:PR Newswire
Date:Mar 29, 1993
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