Egypt’s Infinity to provide EV charging stations across SODIC’s developments
Egypt’s Infinity Energy signed on Monday a cooperation agreement with Six of October Development and Investment…
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SODIC
Egypt’s SODIC discloses land deal with NUCA
Egypt's Sixth of October Development & Investment Company (SODIC) said on Monday that it acquired land from the…
Egypt’s SODIC H1 profit climbs 15.5%
Egypt’s property developer SODIC reported on Sunday a 15.5 percent year-on-year growth in profit for the first half…
SODIC signs agreement to develop residential project on North Coast
Six of October Development and Investment Company (SODIC) signed a revenue-sharing agreement to establish a…
SODIC pulls offer to buy Orascom Real Estate
Egyptian real estate developer SODIC said on Sunday it had withdrawn its non-binding offer to buy the entire share…
Orascom Development Egypt approves due diligence for SODIC takeover offer of ORE
Egyptian property developer SODIC has received an approval from Orascom Development Egypt to go ahead with the due…
Egypt’s SODIC offers to acquire 100% of Orascom Real Estate
Egyptian property developer SODIC has submitted on Monday a non-binding cash offer to acquire 100 percent share…
Egypt’s SODIC achieves H1 gross contracted sales of EGP 6.67 billion
Sixth of October Development & Investment Company (SODIC) has released On Wednesday its consolidated financial…
SODIC to acquire all shares of Nasr City for housing
SODIC, the Egyptian property development, on Tuesday made a non-binding purchase offer to acquire a majority of up…
Egypt’s SODIC opens civil registry office in SODIC West
Egypt’s property developer SODIC has opened on Sunday a civil registry office with premium services at The Strip in…
SODIC signs EGP1.57 bln credit facility with Banque Misr, AAIB
Egypt’s property developer SODIC signed on Thursday a long-term credit facility of 1.57 billion Egyptian pounds…
UAE’s Aldar, ADQ submit offer to acquire 90% of Egypt’s SODIC
UAE’s Aldar Properties and ADQ said on Tuesday they had submitted a mandatory tender offer to Egypt's Financial…
Egyptian property developer SODIC H1 net profit jumps 203%
Egypt’s property developer SODIC reported on Wednesday a 203 percent year-on-year growth in net profit for the…
Four Egyptian banks back SODIC unit’s first securitisation bond issuance
A banking consortium has supported SODIC’s latest securitisation bond programme with a total investment of 343…
Egypt’s SODIC unit closes its first EGP 343 million securitisation bond issuance
Egypt’s property developer SODIC announced on Tuesday that it had closed its first securitisation bond issuance…
Egypt regulator grants extension for Abu Dhabi’s Aldar on SODIC offer till Sept
Egypt’s market regulator announced on Sunday it had granted Abu Dhabi’s master-developer Aldar Properties an…
Abu Dhabi’s Aldar looking for more deals in Egypt’s real estate sector – CEO
Aldar Properties, Abu Dhabi's biggest property firm, is halfway through its due diligence process on an offer to…
SODIC will soon announce an international financial advisor for Aldar acquisition bid
Sixth of October Development and Investment Company (SODIC) will soon announce its selection of the international…
Egypt’s SODIC picks advisors for UAE Aldar-led acquisition offer
Egyptian property developer SODIC said board decided to appoint EFG Hermes and an international investment bank as…
Abu Dhabi’s Aldar picks CI Capital for sale of majority stake in SODIC
Abu Dhabi's largest real estate developer, Aldar Properties has chosen CI Capital as financial advisor for its…
UAE’s Aldar announces preliminary offer to acquire major stake in Egyptian SODIC
Aldar Properties, a real estate development, management and investment company with headquarters in Abu Dhabi, has…
Hassan Allam Properties raises stake to 5.1 % in SODIC
Hassan Allam Properties raised its stake in Six of October Development and Investment (SODIC) to 5.1 percent from 5…
Egypt’s SODIC says contracted sales grew to EGP 7.4 billion in 2020
Egyptian real estate developer SODIC said on Sunday its contracted sales rose 2 percent year-on-year to 7.4 billion…
Hassan Allam Properties increases stake in SODIC
Hassan Allam Properties raised its stake in Six of October Development and Investment (SODIC) to 5 percent from…
Sodic signs EGP 1.7bln construction contracts for its flagship EDNC
The leading real estate developer Sodic has so far signed 1.7 billion pounds in contracts with construction firmsin…
Sodic subsidiary signs EGP 2.57 bn medium term facility with AAIB
Sodic subsidiary Soreal Real Estate Development signed a 2.57 billion Egyptian pounds medium-term facility with the…
Egypt’s SODIC sales likely to exceed EGP 3 billion this year – Pharos
Egyptian investment bank Pharos Holding expected on Sunday that sales of the property developer SODIC will exceed 3…
Egypt’s property developer SODIC profits drop 80% in H1
Egypt’s Six of October Development and Investment (SODIC) posted an 80 percent decline in its profits during the…
Hassan Allam ups stake in SODIC by 3.9 %
Hassan Allam Properties raised its stake in Six of October Development and Investment (SODIC) to 3.9 percent from…
Heliopolis Housing approves SODIC’s request to reschedule payment for 655 feddans
Heliopolis Company for Housing and Development approved a request submitted by Six of October Development and…
SODIC awards EGP 1.2bn construction contracts in SODIC East with 15 Contractors onsite
SODIC has awarded over 1.2 billion Egyptian pounds in construction contracts since breaking ground in 2018 in SODIC…
Sodic sells all first batch of Vye villas within 48 hours of going on sale
Sodic sold all its first batch of its solar-powered villas in Vye compound within 48 hours of going on sale, in…
Egypt’s SODIC records 83% decline in first-quarter profits
Egypt’s real estate developer, SODIC reported an 83 percent drop in net profits to around 28 million Egyptian…
SODIC records 32% increase in sales during 2019
Six of October Development and Investment (SODIC) recorded sales of 7.3 billion Egyptian pounds with a 32 percent…
Who’s who of Egyptian property firms attending MIPIM 2020
Nine Egyptian property companies – headed by Minister of Housing Assem El-Gazzar - are jetting to the high-profile…
Egypt’s SODIC unit secures CIB medium-term loan facility
Egyptian property developer SODIC said on Sunday its subsidiary SOREAL signed a medium-term loan facility agreement…
Beltone says Egypt’s real estate sector may decelerate by 2020
Egyptian investment bank Beltone Financial said in recent report that it expects the country’s real estate sector…
Egypt’s SODIC first phase of new project sells out in 48 hours
Egyptian property developer SODIC said on Monday the first phase of its new development project was sold out over…
SODIC sees 150 billion Egyptian pounds in 10-year sales
Egypt’s real estate developer SODIC said on Sunday it expects sales up to around 150 billion Egyptian pounds ($9.2…
Egypt’s developer SODIC hopes to buy 10% share in Heliopolis Housing
Egypt's real estate developer SODIC is keen on buying a 10 percent stake in the state-run Heliopolis Housing, its…