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Aldar, ADQ are now SODIC’s majority shareholders
The Aldar-ADQ consortium officially owns 85.5% of SODIC: The Emirati consortium of real estate giant Aldar Properties and Abu Dhabi…
US consortium gets EGP 3.5 bn Mogamma revamp contract
US-led consortium tapped for Mogamma overhaul: A consortium of US-based GlobalVentures and Oxford Capital together with the UAE’s Al Otaiba…
SODIC is officially getting Emirati owners
The Aldar / ADQ takeover of SODIC is going through: SODIC shareholders have so far agreed to sell shares equivalent…
Securitized bond market is still red-hot
Palm Hills Development closed on Thursday a four-tranche EGP 1 bn securitized bond issuance, marking the company’s seventh securitized bond…
TONIGHT: El Nasr is talking to Dongfeng replacements next week + securitized bonds are still red-hot as PHD closes another issuance
Rejoice, friends, for it is finally the weekend. This week somehow felt particularly long, but we’re also not quite sure…
Under a watchful eye
Real estate developers may soon be coming under closer scrutiny after the Madbouly cabinet yesterday greenlit new regulations designed to…
SODIC approves Aldar offer despite falling short of fair value report benchmark
SODIC’s board of directors has approved a bid from Aldar Properties and ADQ despite the offer price falling short of…
TONIGHT: We’re still at zero Omicron at home + SODIC gives Aldar-ADQ offer its blessing
It’s another Omicron-led news day, ladies and gentlemen. The new variant is still very much driving the conversation abroad on…
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