SODIC, MHND Meet for Possible Merger

Madinet Nasr Housing and Development (MHND) and Sixth of October Development and Investment (SODIC) have held a meeting on Thursday, May 17, in the presence of their advisors and top management to discuss options ...

SODIC Records Revenues of EGP 512 mn in Q1

Sixth of October for Development & Investment Company (SODIC) reported a decline in its revenues to almost EGP 512 mn during the first quarter of 2018, including minority shareholders’ rights, versus EGP 703 mn lo ...

SODIC, MNHD to Enter into Talks to Explore Merging, Acquisition

Sixth of October Development and Investment Company (SODIC) says it will enter into preliminary talks with Madinet Nasr Housing & Development (MNHD) to explore potential strategic alternatives for the two entities ...

SODIC Launches New Project in East Cairo

Egypt's leading real estate developer SODIC is now launching its newest destination east of Cairo

SODIC Inks MoU to Develop Land in North Coast

Egyptian developer Sixth of October for Development & Investment Company (SODIC) signed a memorandum of understanding (MoU) to develop a new land in partnership with its owner

SODIC Launches Sky Condos Phase II in New Cairo

The Villette project offers villas, townhouses and apartments. It spans an area of 300 acres

SODIC, CIB Ink EGP 270 mn Credit Facility Agreement

Egyptian-based Sixth of October for Development and Investment Company (SODIC) announces a new credit facility agreement with Commercial International Bank (CIB)

SODIC, AAIB Sign Contract to Increase Credit Facility

Cairo-based real estate developer Sixth of October Development and Investment Company (SODIC) signs a new contract with Arab African International Bank (AAIB) to increase its credit facility amount, Invest-Gate reports.

Sodic H1 Revenue Jumps 88% to USD 66 mn

Egyptian real estate developer Sodic posts a revenue of EGP 1.17 bn (USD 65.9 mn) during the first half of the fiscal year 2017/2018, reflecting a year-on-year (y-o-y) increase of 88%, Invest-Gate reports .

SODIC to Launch New Heliopolis Phase I end 2017

Egypt’s property developer, SODIC, announces construction work to begin in its latest flagship New Heliopolis in New Cairo end 2017, Reuters reports

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