SODIC to sell SODIC Securitization to Beltone

Updated 3/17/2024 10:02:00 AM
SODIC to sell SODIC Securitization to Beltone

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.

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