Sodic’s Contracted Sales Soar EGP 21.3 Bn in 2022

Cancellations reached a value of EGP 1.25 bn during 2022, representing 6% of the year’s gross contracted sales. This is compared to a cancellation rate of 17% during 2021.

SODIC’s Consolidated Net Profit Jumps 27% YoY in 9 Months

Cancellations record 8% of contracted sales, aggravated by EGP 576 mn cancellations on SODIC’s 464-acre project in New Zayed due to the project’s temporary suspension.

Misr Italia Acquires 400-Acre Land in North Coast

Misr Italia Properties acquires a 400-acre piece of land located in Ras Al Hikma at km 199 Alex-Matrouh Road, Invest-Gate reports.

SODIC Records EGP 6.67 bn in Contracted Sales in H1

Sixth of October Development & Investment Company “SODIC” releases its consolidated financial results for the six months ended June 30th, Invest-Gate reports.

SODIC’s Home Sales Hold Strong in H1 Despite Pandemic

Sixth of October for Development and Investment Company's (SODIC) gross contracted sales of residential units stood at EGP 1.83 bn in H1 2020, almost flat compared to EGP 1.86 bn in the year-ago period.

SODIC Sees 25% Rise in Home Sales Albeit Fewer Releases

Sixth of October Development and Investment Company (SODIC) logged a 25% uptick in residential contractual sales in Q1 2020, registering EGP 842 mn versus EGP 672 mn in the year-ago period, driven mainly by its we ...

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