SODIC Reports 67% Jump in Sales as Demand Remains Strong
Sixth of October Development & Investment Company (SODIC) announced strong growth in sales and profits for the first nine months of 2023, driven by robust demand, Invest-Gate reports.
Arab Developers Holding Generates EGP 1.4 Bn Contractual Sales in 9 Months
Ayman bin Khalifa, CEO of ADH, says that the company will continue implementing its strong strategy to boost profits and sales despite global economic challenges.
IMF Approves USD 2.8 bn in Pandemic Aid to Egypt
The International Monetary Fund (IMF) has approved Egypt’s request for USD 2.772 bn in financial aid to address the urgent balance of payment needs stemming from the COVID-19 outbreak.
City Edge Developments Announces Management Changes
City Edge Developments (CED) has appointed Amgad Hassanein to the position of CEO to succeed Amr El Kady who has resigned his position
Gov’t Provided EGP 14 bn Mortgage Finance Till June-End 2018: Minister
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said EGP 14 bn worth of mortgage finance support has been provided till the end of June 2018, while the value of financial support to beneficia ...
EFG Hermes’ Egypt Education Fund 1st Close Oversubscribed With USD 119 mn
Egyptian investment bank EFG Hermes has announced that its Egypt Education Fund, focused on the country’s K-12 sector, was oversubscribed with total investments of USD 119 mn in its first close - through its priva ...
Kuwait’s NREC Unit Signs Deal to Develop Some Housing Units in Egypt
Kuwaiti National Real Estate Company’s (NREC’s) unit Wadi El Nile Urban Development has signed a partnership agreement with Baderddin Group to develop part of Egypt’s housing units
SODIC Reports Net Profit of EGP 429 mn in 2016
Egypt's leading real estate developer SODIC reported a net profit after tax of EGP 429 mn, up by 38% y-o-y for the full year ending on December 2016 compared to a year earlier, according to a report sent to Invest-Ga ...Page 1 of 1
