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Sodic, Ibnsina report higher net incomes, OIH narrows net losses
EARNINGS WATCH- Sodic’s bottom line surged over three-fold in 1Q2021, reaching EGP 100 mn after tax and minority interest, from…
Fawry sees bottom line surge in 1Q2021
The EGX30 rose 0.75% at today’s close on turnover of EGP 1.29 bn (2.2% above the 90-day average). Foreign investors…
Sodic mulls securitized bond sale as Aldar continues DD
Sodic is reportedly planning to go to market with an offering of securitized bonds “in the next few weeks,” Al…
Aldar to begin DD on Sodic “within days” -Magued Sherif
The UAE’s Aldar Properties is expected to begin due diligence on EGX-listed Sodic “within days” as it seeks a majority…
Sodic taps EFG Hemes to advise on acquisition bid
Sodic appointed EFG Hermes to act as its financial advisor in Aldar Properties’ bid to acquire 51% of the Egyptian…
Sodic taps financial advisors to assess Aldar acquisition bid
Sodic to weigh Aldar acquisition offer: Our friends at Sodic have appointed unnamed financial advisors to look into Emirati real…
Also on our Radar on 7 April 2021
Things we’re keeping an eye on this morning: Our friends at Sodic now have a notary public office at its…
The EGX was the second most active Arab bourse in 2020
The EGX was the second most active Arab bourse in 2020, with some USD 43.9 bn-worth of equities changing hands,…
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