sodic
The protocol includes providing various payment systems for the units that were delivered in accordance with the provisions and rules of the Egyptian Mortgage Finance Law, allowing the purchase of ready-to-delivery units available for sale in the various SODIC projects over a payment period of up to 20 years.
The securitization bonds worth LE 343 million are secured by a portfolio of notes worth LE 384 million, representing the value of the special future installments of 753 units that were delivered in the Eastown Residences project in East Cairo, and the Caesar project in the North Coast.
Orange Egypt, the leading provider of integrated telecommunications services, signed a cooperation agreement with Six of October Development and Investment Company (SODIC)
The company said in a statement to the Egyptian Exchange (EGX) that the offer included a potential cash acquisition of a stake of not less than 51 percent of the issued company’s capital.
SODIC added in a statement to the Stock Exchange, Sunday, that the estimated purchase price is between LE 18 and LE 19 per share, through a compulsory purchase offer on the entire company's shares.
The infographic results were based on 3 main indicators, which are the volume of the land and assets portfolio, revenues, and the contractual sales .
The Rotary Club of Sodic in Sheikh Zayed holds the first book fair from December 24 to 31, with the participation of a number of publishing houses.
Arab African International Bank “AAIB” has signed a medium-term facility package worth EGP 2.57Bn, with SOREAL, an affiliate of SODIC
In a filing to the Egyptian Exchange (EGX), MNHD attributed the decline of negotiations to disagreement on the terms of the swap transaction.
A wrap-up of the most prominent business news of the day.
EFG Hermes, Zaki Hashem & Partners - Attorneys at Law are going to be the advisors to Madint Nasr, while CI Capital and MHR & Partners (White & Case) will be SODIC’s advisors.
A wrap-up of the most prominent business news of the day.
Madinet Nasr Housing topped the gainer list of the session at 12.60 percent after trading on 13.86 million shares with a turnover of LE 199.5 million.
SODIC clarified that the discussions will bring benefits and synergies to both companies.
The 308 feddans are expected to generate total sales of LE 15.2 billion and come in line with SODIC’s expansion plans in second home markets.
SODIC’s revenues stood at LE 583.8 million, compared to LE 531.5 million in Q3 of 2016.
SOREAL for Real Estate Development had inked a LE 950 million medium-term loan with the bank in July to finance Villette project.
Total revenues went up to LE 1.17 billion in H1 of 2017 from LE 624 million in H1 of 2016 and hit LE 469 million in Q2 of 2017, increasing from LE 436.7 million in the year-ago period.
Sixth of October Development and Investment Company (Sodic) and Vodafone Egypt signed a partnership deal to launch ‘Sodic GoSmart’ service.
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