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GSK Egypt rejects Acdima’s bid to start due diligence, closing the door to a sale
GlaxoSmithKline Egypt’s board of directors has rejected a request submitted by Acdima to start due diligence on the company, GSK…
UAE’s Aldar makes offer for majority stake in Sodic
The UAE’s Aldar wants a controlling stake in Sodic: Emirati real estate firm Aldar Properties has submitted a non-binding offer…
Real estate companies paying up to comply with new North Coast land regs
Top national players including Sodic, Emaar Misr, and Palm Hills are among hundreds of real estate developers in talks over…
Sodic’s residential sales rose 19% y-o-y in 2020
Sodic shrugged off the covid-19 lockdown to post record gross sales in 2020, the company’s operational results (pdf) revealed yesterday.…
Bank ABC wins bid for Blom Egypt
Bahrain’s Bank ABC will purchase the Egypt unit of Lebanon’s Blom Bank for USD 480 mn in a transaction that…
Also on our radar on 14 January 2021
Hassan Allam Properties has upped its stake in real estate developer Sodic to 5% from 4.91%, according to a regulatory…
Is B Investments partially exiting Total Egypt?
Is B Investments close to offloading part of its Total Egypt stake? B Investments denied it has reached an agreement…
SODIC clients can now pay online with AAIB
Upmarket real estate developer Sodic will now have an online payment gateway available for its clients after signing an agreement…
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