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.

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.

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.

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.

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.

Beltone Financial Holding has signed a letter of intent to acquire Sixth of October Development and Investment Company’s (SODIC) subsidiary SODIC for Securitization.

Renewable energy and electric vehicle charging provider, Infinity, has signed a collaboration agreement with Sixth of October Development and Investment Company (SODIC) to install electric vehicle (EV) charging stations all of the latter’s projects, as per an emailed press release.

Sixth of October Development and Investment Company (SODIC) has signed an EGP 1.2 billion seven-year revolving credit facility with Commercial International Bank (CIB) to finance the company's ongoing operations of projects.

Sixth of October Development and Investment Company (SODIC) has partnered with the Electro-Mechanical for Energy (EME) to establish 400 rooftop solar panels at VYE, SODIC's mixed-use development in New Zayed City.

Sixth of October Development and Investment Company (SODIC) reported a 67% year-on-year (YoY) hike in gross contracted sales for the first nine months of 2023, recording EGP 19.8 billion from EGP 11.8 billion.

Sixth of October Development and Investment Company (SODIC) recorded gross contracted sales of EGP 8.17 billion in the first half (H1) of 2023, up by 22% from EGP 6.67 billion in H1 2022.

Sixth of October Development and Investment Company’s (SODIC) ordinary general meeting (OGM) has approved signing a netting contract for the sale of its EDNC Building No.1 at Eastown project in New Cairo to Beltone Financial Holding for EGP 1.113 billion.

Sixth of October Development and Investment Company (SODIC) has signed a revenue share agreement with Al Safy Group to establish and develop a tourist residential project on two neighboring land plots spanning an area of around 440 feddans in the North Coast.

Sixth of October Development and Investment Company (SODIC) has unveiled SPLANADA, its latest retail destination in New Cairo, which is set to be inaugurated by the end of the year.

Sixth of October Development and Investment Company (SODIC) reported a 17.2% year-on-year (YoY) plunge in consolidated profit attributable to the parent company during the first quarter (Q1) of 2023.

Sixth of October Development and Investment Company (SODIC) announced that its Managing Director Magued Sherif has stepped down from his position, according to a press release on February 19th.