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SODIC net income up 19% in 3Q 2022
Real estate developer SODIC’s bottom line rose 19% y-o-y in 3Q 2022 to EGP 142 mn, according to the company’s…
SODIC offers to buy O West developer ORE for EGP 2.46 bn
SODIC is making a bid to acquire Orascom for Real Estate (ORE). The upmarket real estate developer has submitted a…
THIS EVENING: SODIC bids for Orascom for Real Estate + State ownership policy document coming in “weeks,” Madbouly says
Happy hump day, wonderful people, and what a news dump day it is. There’s a little bit of everything happening…
SODIC kills bid for MNHD
SODIC is no longer interested in acquiring MNHD: SODIC has called off its takeover bid for Madinet Nasr Housing and…
Karmell, take two + everything is set for the National Dialogue to begin
SODIC has relaunched its Sheikh Zayed residential project Karmell, which was puton hold last year after the Housing Ministry decided…
MNHD shareholders reject SODIC’s advance
MNHD shareholders back board, say offer price was too low: Madinet Nasr Housing and Development (MNHD) shareholders meeting in a…
Aldar could invest USD 1.5 bn in Egypt, Saudi + the UAE over the next year
Emirati real estate giant Aldar Properties still sees potential to invest another USD 1.5 bn in Egypt, Saudi Arabia and…
SODIC reports 54% increase in new sales in 2Q2022
Upmarket real estate developer SODIC reported (pdf) 51% y-o-y growth in revenues to EGP 1.54 bn in 2Q2022 on the…
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