Arab Finance: 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, as per a filing.
Accordingly, Beltone will acquire 5,000 shares in SODIC Securitization at a par value of EGP 1,000, in addition to a sum of EGP 1 million.
It is worth mentioning that SODIC generated gross contracted sales of EGP 30.26 billion in 2023, rising by 42% year-on-year (YoY) from EGP 21.29 billion.