Tabrok for Development Co., a fully owned subsidiary of SODIC, has signed a bridge facility agreement with the Commercial International Bank (CIB) for EGP 2.45 billion.

Beltone Holding has acquired SODIC Securitization Company in a transaction valued at EGP 8.587 million.

The Egyptian economy witnessed major events during the second week of February, topped by the Financial Regulatory Authority’s (FRA) new investment rules for insurance and reinsurance companies

Sixth of October Development and Investment Company (SODIC) is planning to expand in the hotels sector over the coming period by launching 550 rooms in five new hotels.

Sixth of October Development and Investment Company (SODIC) generated 82% year-on-year (YoY) higher net profits attributable to the equity holders of the parent company in 2024

Sherif El-Sherbini, Egypt's Minister of Housing, Utilities, and Urban Communities, inspected the progress of construction works at SODIC’s The Estates project in New Zayed City.

Sixth of October Development and Investment Company (SODIC) reported a 70.67% year-on-year (YoY) hike in consolidated profit attributable to the parent company during the first nine months of 2024.

SODIC, a leading real estate developer in Egypt, has opened of its latest commercial project, EDNC, in East Cairo.

The Sixth of October Development and Investment Company (SODIC) has signed a long-term syndicated facility agreement with Banque Misr and the Commercial International Bank (CIB) valued at EGP 4.41 billion.

Sixth of October Development and Investment Company (SODIC) has finalized an agreement to sell its entire stake in SODIC Securitization to Beltone Holding.

Sixth of October Development and Investment Company (SODIC) reported an 86.7% year-on-year (YoY) surge in consolidated net profits attributable to the parent company during the first half (H1) of 2024 to EGP 625.535 million from EGP 335.083 million.

Act Financial is planning to raise EGP 1.04 billion in a private placement of 300 million shares on the Egyptian Exchange (EGX) from July 9th to 18th, and an initial public offering (IPO) of 60 million shares until 23rd, Managing Partner and Co-Founder Mostafa Abdelaziz said in a press conference on July 2nd.

SODIC and Marriott International, Inc. have announced an agreement to introduce the Tribute Portfolio brand to two of SODIC’s premier hotels in Egypt, as per a statement.

The second edition of The Address Property Show by the Egyptian premier real estate consultancy firm Address Investments is set to take place at the Egypt International Exhibition Center from May 8th to May 11th.

Sixth of October Development and Investment Company (SODIC) reported a 108.27% year-on-year (YoY) plunge in consolidated profit attributable to the parent company during the first quarter (Q1) of 2024.

SODIC has signed the third venture with Nobu in Egypt for a hotel and a restaurant in East Cairo.

The Sixth of October Development and Investment Company’s (SODIC) ordinary general meeting (OGM) has approved selling SODIC Securitization’s entire shares to Beltone Holding

Sixth of October Development and Investment Company (SODIC) has generated gross contracted sales of EGP 30.26 billion in 2023, rising by 42% year-on-year (YoY) from EGP 21.29 billion.

The third week of December saw some major news, topped by the Prime Minister's announcement regarding the proceeds raised so far from Egypt's IPO program and the IIF’s estimation for the country's financing gap during the current fiscal year.

Six of October Development and Investment (SODIC) has partnered with the waste oil management startup Delta Oil to build an ecosystem that supports the biodiesel industr.