Madinet Nasr for Housing and Development

Egypt real estate giants SODIC, MNHD release operational updates as they push ahead with merger

** #3 M&A WATCH- Real estate giants SODIC and MNHD release operational updates. The two players in what we believe is Egypt’s largest-ever domestic merger issued operational updates yesterday as the transaction chugs toward a potential end-of-year close: SODIC sees net contracted sales growing 14% y-o-y 2018: SODIC is anticipating net contract sales rising 14%…