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SODIC signs EGP 2.94B financial lease agreement with EFG Financial Solutions

Sixth of October for Development and Investment Company (SODIC) announced that it has signed a financial lease agreement with EFG Financial Solutions S.A.E. for a total value of EGP 2.94 billion

Updated 11/10/2025 10:24:00 AM
SODIC’s consolidated profits leap by 150.9% YoY in 9 months

Sixth of October Development and Investment Company (SODIC) recorded 150.92% higher net profits attributable to the parent company at EGP 2.345 billion in the first nine months of 2025

Updated 10/26/2025 10:26:00 AM
SODIC posts 107.5% YoY higher consolidated profit in H1 2025

Sixth of October Development and Investment Company (SODIC) reported a 107.48% year-on-year (YoY) surge in consolidated net profits attributable to the parent company during the first half (H1) of 2025 to EGP 1.297 billion from EGP 625.535 million.

Updated 7/23/2025 9:55:00 AM
SODIC hands over VYE project 6 months ahead of schedule

Sixth of October for Development and Investment Company (SODIC) announced the early delivery of VYE, its next-generation development in New Zayed

Updated 6/19/2025 10:42:00 AM
SODIC inks revenue share agreement with Rula for Land Reclamation

Sixth of October for Development and Investment Co. (SODIC) has signed a revenue share agreement with Rula for Land Reclamation for the development of a 1,000 feddan plot in New Sphinx City, located in West Cairo.

Updated 5/12/2025 10:18:00 AM
SODIC posts 143.6% YoY increase in Q1 2025 consolidated profits

Sixth of October Development and Investment Company (SODIC) recorded an annual leap of 143.68% in consolidated net profit attributable to the equity holders of the parent company during the first quarter (Q1) of 2025.

Updated 4/29/2025 7:47:00 AM
SODIC, MIDAR partner for 1,000-feddan project in East Cairo

Sixth of October Development and Investment Company (SODIC) plans to develop an integrated urban project in partnership with MIDAR

Updated 4/16/2025 10:14:00 AM
SODIC’s Tabrok signs EGP 2.45B bridge facility with CIB

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.

Updated 3/11/2025 9:10:00 AM
Beltone Holding acquires SODIC Securitization for EGP 8.58M

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

Updated 2/18/2025 10:09:00 AM
Weekly Rundown of Top 10 Trending Headlines

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

Updated 2/13/2025 12:10:00 PM
SODIC to launch 550 hotel rooms across 5 new hotels

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.

Updated 2/10/2025 7:59:00 AM
SODIC’s consolidated profits jump 82% in 2024; contracted sales hit EGP 50.3B

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

Updated 2/9/2025 10:47:00 AM
El-Sherbini follows up on SODIC’s The Estates project

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.

Updated 12/23/2024 9:20:00 AM
SODIC’s consolidated profit climbs 70.67% YoY in 9 months

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.

Updated 10/29/2024 9:55:00 AM
SODIC launches EDNC in East Cairo

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

Updated 10/9/2024 3:52:00 PM
SODIC inks EGP 4.14B syndicated facility deal to fund development costs

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.

Updated 9/9/2024 9:28:00 AM
Beltone Holding acquires SODIC Securitization for EGP 7.3M

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

Updated 8/8/2024 9:55:00 AM
SODIC posts 87% YoY consolidated profit in H1 2024

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.

Updated 7/28/2024 11:17:00 AM
Act Financial unveils new offering on EGX on July 9th

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.

Updated 7/3/2024 11:37:00 AM
SODIC, Marriott International to launch Tribute brand in Egypt

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.

Updated 6/12/2024 8:10:00 AM