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SODIC, CIB sign EGP 1bn medium term facility for EDNC project
EDNC is designed as an office and retail complex and is developed with a focus on sustainability where the buildings’ form and facade are proportioned to provide ideal day-lighting through the optimum organisation of office space to encourage a healthier and productive environment by reducing its carbon footprint.
SODIC, NUCA sign escrow account contract with Banque Misr for 500-feddan plot in New Zayed
SODIC had signed the partnership agreement for the 500-feddan plot with the NUCA in March 2019. Since then, the company has been awarded the ministerial decree and launched the first neighbourhood of the project “VYE” which achieved over EGP 1bn in booked sales.
SODIC’s VYE sells out making EGP 1bn in two days
The developer had launched VYE, bringing to the market the expandable apartment within a multi-family building branded “Neo”, and also introducing “Sol” the first solar powered town and twin homes in Egypt, which proved to be a big hit among buyers.
SODIC launches SODIC East’s first phase of apartment buildings
SODIC East project comprises low rise five floor apartment buildings with open views from every apartment, designed around a 4,000 sqm green community park with buildings connected through quaint pedestrian alleyways.
SODIC awards EGP 300m in construction contracts for SODIC East’s development
SODIC had broken ground last year following the successful launch and selling out of EGP 2bn worth of single-family homes in SODIC East, which has launched its next phases, now under construction, and is progressing ahead of schedule on track for delivery starting November 2021.
Emaar, BPE Partners, and SODIC shows interest in managing HHD
The company has seen great interest from real estate developers, and the prospectus to be issued in December, says El-Deeb
SODIC launches 4 new projects in New Zayed with EGP 34bn investments
The Estates project to be launched in September
SODIC receives approval on Al Yosr land master plan
Magued Sherif, SODIC’s Managing Director said that this positive development paves the way for the launch of the company’s project “The Estates” in the last quarter (Q4) of 2019, with total expected sales exceed EGP 7bn over eight years.
SODIC reports EGP 2bn revenues in 1H19, a 92% growth
Gross profit grew 23% to hit EGP 630m during the period, reflecting a gross profit margin of 31%.
SODIC Headquarters to be Powered by Solar Energy in 2020
Westown HUB, SODIC’s 8,000 sqm neighbourhood mall, is directly adjacent to the Polygon Business Park, and its solar powered parking sheds are planned to generate enough clean energy to cover 95% of the head quarter’s energy needs
SODIC to pay EGP 1.2bn of outstanding land dues in 2019
Company plans to offer second phase of Malaaz North Coast project in July, says managing director
SODIC’s advance cheques for real estate projects reach EGP 11.4bn
Company disburses EGP 1.8bn out of EGP 3.2bn worth credit facilities
SODIC revenues grow 84% to EGP 941 in 1Q19
According to the press statement, the strong growth in revenues was driven mainly by Villette which contributed to circa 50% of the delivered value.
SODIC nets EGP 500m contractual sales from Allegria Residence project
Egypt-based leading property developer planning to launch Six West project
Sodic to invest EGP 3.7bn in constructions in 2019
The Six of October Development & Investment (SODIC) plans to direct EGP 3.7bn in projects’ constructions in 2019, according to its Managing Director and board member, Maged Sherif. Sherif told Daily News Egypt that the company is pumping EGP 1.45bn for paying lands’ cost in 2019. Additionally, Sherif noted that the company has invested EGP …
Opening of GEM will increase real estate demand, sales in west Cairo: SODIC
Government exerts substantial efforts to internationally promote Egypt’s real estate sector
SODIC signs settlement with respect to 1,400 feddan of Sheikh Zayed land
Company requested to respond to inquiries to ascertain its legal position, noting that these issues refer to contracts signed over 20 years ago
SODIC’s stock represents a good chance as merger plans with MHND go in full swing: report
The declared acquisition will be conducted through direct equity swap only
SODIC’s new projects to enhance company performance, boost profitability: Pharos
Company projected to generate around EGP 15bn in sales within seven years
SODIC, MHND merger to have strategic impact on both firms: report
Synergy between two companies to enhance Egypt’s real estate sector
SODIC targets EGP 8.7bn of contracted sales in 2018 as it mulls expansion
Company revenue grows with resilient margins despite inflationary backdrop
SODIC studies partnership with NUCA
SODIC’s board discusses revenues division plan Monday
Egypt’s real estate sector undergoing transformation: SODIC managing director
Higher land prices create more partnerships among developers
AAIB raises value of financing package granted to SODIC Group to EGP 1.4bn
The bank’s total loans to SODIC Group increased to EGP 4bn over the past three years
SODIC to finish Caeser project by August 2018
The project valued at EGP 900m, all units sold
Vodafone agrees with SODIC to launch “Go Smart”
The service offers smart control system solutions depending on the Internet of Things
SODIC achieves total revenues of EGP 703m in Q1
SODIC records triple digit growth in profit, estimated at EGP 211m
SODIC targets sales of EGP 5.6bn in 2017
Company obtained credit facilities of EGP 2.2bn, 55% of which was utilised
SODIC achieves total revenues of EGP 2.1bn in 2016
The company achieves 40% growth and aims to allocate EGP 600m for purchasing lands in 2017
SODIC, Atletico Madrid Foundation to launch football academy in Sheikh Zayed
The academy will be launched in January 2017; company seeks to develop sports sector, says Sherif