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Earnings watch: Sodic, GB Auto, Sarwa Capital report 2Q2020 results
EARNINGS WATCH- Sodic’s net profits fell 77% to EGP 40 mn in 2Q2020 fromEGP 175 mn during the same period…
Act Financial group doubles stake in Sodic to 11.4%
M&A WATCH- Act Financial-led group adds to minority stake in Sodic: A group led by ActFinancial that includes Hassan Allam…
HHD extends contract to co-develop New Heliopolis land with Sodic
HHD extends contract to co-develop New Heliopolis land with Sodic: State-owned Heliopolis Housing and Development’s (HHD) board of directors agreed…
Sodic boss expects Egypt’s real estate sector to recover starting 2H2020
Sodic boss expects real estate to stage recovery starting 2H2020: Property sales could start bouncing back throughout the second half…
SODIC awards EGP 1.2 bn in contracts at flagship SODIC East development
Upmarket real estate developer SODIC has awarded EGP 1.2 bn in contracts at its flagship SODIC East development to date…
Sodic sells out Vye villas in two days
Sodic sells out of Vye villas in two days: Sodic sold all its first batch of detached, solar-powered villas in…
HHD’s board resigns after stake sale finds no buyers
HHD’s board resigns after stake sale finds no buyers: State-owned Heliopolis for Housing and Development’s (HHD) chairman and board of…
Osama Saleh selected as non-executive chairman of SODIC’s board
MOVES- Former investment minister Osama Saleh is now non-executive chairman of SODIC’s board of directors, following the departure of Hani…
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