{"id":556227,"date":"2021-10-17T03:58:17","date_gmt":"2021-10-17T03:58:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/17\/sodic-obtains-egp-1-57-bn-credit-facility-to-finance-sodic-west\/"},"modified":"2021-10-17T03:58:17","modified_gmt":"2021-10-17T03:58:17","slug":"sodic-obtains-egp-1-57-bn-credit-facility-to-finance-sodic-west","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/17\/sodic-obtains-egp-1-57-bn-credit-facility-to-finance-sodic-west\/","title":{"rendered":"Sodic obtains EGP 1.57 bn credit facility to finance Sodic West"},"content":{"rendered":"

<\/a> Upmarket real estate developer Sodic has obtained a EGP 1.57 bn credit facility from the Arab African International<\/strong> Bank and Banque Misr to finance the Sodic West<\/strong> residential project, according to a bourse disclosure (pdf)<\/a><\/sup>. The long-term facility will be used to refinance an outstanding EGP 1.1 bn from an EGP 1.3 bn medium-term facility signed in April 2017 as well as to partially finance the remaining capex for Sodic West.<\/p>\n","protected":false},"excerpt":{"rendered":"

Upmarket real estate developer Sodic has obtained a EGP 1.57 bn credit facility from the Arab African International Bank and Banque Misr to finance the Sodic West residential project, according to a bourse disclosure (pdf). The long-term facility will be used to refinance an outstanding EGP 1.1 bn from an EGP 1.3 bn medium-term facility […]<\/p>\n","protected":false},"author":1,"featured_media":556228,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7274],"tags":[430,576,7106,88,72,312],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-556227","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-arab-african-international-bank","tag-banque-misr","tag-debt","tag-debt-watch","tag-enterpriseam","tag-sodic","wpautop","entry"],"acf":{"mongo_id":"6f52cfb8-a924-485b-9d98-c49eca36e4d9","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/10\/179.jpg","photo_position":"above","related_issue":[556215],"teaser":"","voice_url":""},"yoast_head":"\nSodic obtains EGP 1.57 bn credit facility to finance Sodic West - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/17\/sodic-obtains-egp-1-57-bn-credit-facility-to-finance-sodic-west\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sodic obtains EGP 1.57 bn credit facility to finance Sodic West\" \/>\n<meta property=\"og:description\" content=\"Upmarket real estate developer Sodic has obtained a EGP 1.57 bn credit facility from the Arab African International Bank and Banque Misr to finance the Sodic West residential project, according to a bourse disclosure (pdf). The long-term facility will be used to refinance an outstanding EGP 1.1 bn from an EGP 1.3 bn medium-term facility […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/17\/sodic-obtains-egp-1-57-bn-credit-facility-to-finance-sodic-west\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-17T03:58:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/179.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/17\/sodic-obtains-egp-1-57-bn-credit-facility-to-finance-sodic-west\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/17\/sodic-obtains-egp-1-57-bn-credit-facility-to-finance-sodic-west\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Sodic obtains EGP 1.57 bn credit facility to finance Sodic West\",\"datePublished\":\"2021-10-17T03:58:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/17\/sodic-obtains-egp-1-57-bn-credit-facility-to-finance-sodic-west\/\"},\"wordCount\":77,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/17\/sodic-obtains-egp-1-57-bn-credit-facility-to-finance-sodic-west\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/179.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Arab African International Bank\",\"Banque Misr\",\"debt\",\"debt watch\",\"EnterpriseAM\",\"SODIC\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/17\/sodic-obtains-egp-1-57-bn-credit-facility-to-finance-sodic-west\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/17\/sodic-obtains-egp-1-57-bn-credit-facility-to-finance-sodic-west\/\",\"name\":\"Sodic obtains EGP 1.57 bn credit facility to finance Sodic West - 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Villette is a 301-feddan\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595096,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/sodic-in-talks-with-local-banks-for-egp-1-bn-for-east-west-cairo-projects\/","url_meta":{"origin":556227,"position":1},"title":"Sodic in talks with local banks for EGP 1 bn for east, west Cairo projects","author":"enterpriseam admin","date":"16 September 2019","format":false,"excerpt":"Premier real estate developer Sodic is in talks with Banque Misr and other local banks to acquire a 3-5 year, EGP 1 bn facility for its projects in east and west Cairo, sources told Al Mal. The facility will be used to cover part of development costs estimated to be\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":643538,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/10\/ora-developers-secures-egp-7-bn-from-banking-consortium-plus-sodic-signs-egp-4-1-bn-loan-agreement-with-cib-banque-misr\/","url_meta":{"origin":556227,"position":2},"title":"Ora Developers secures EGP 7 bn from banking consortium. 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The facility will be used in part to repay a EGP 900 mn syndicated facility previously signed in 2013 to finance the SODIC West project.\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2017\/4\/442.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":642934,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/27\/sodic-subsidiary-extends-facility-with-aaib-to-egp-1-4-bn\/","url_meta":{"origin":556227,"position":4},"title":"SODIC subsidiary extends facility with AAIB to EGP 1.4 bn","author":"enterpriseam admin","date":"27 August 2017","format":false,"excerpt":"SODIC subsidiary extends facility with AAIB to EGP 1.4 bn: SODIC\u2019s fully owned subsidiary SOREAL For Real Estate Development and the Arab African International Bank (AAIB) signed an addendum to a medium term facility which would see the loan increase to EGP 1.4 bn, the company said on Thursday (pdf).\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2017\/8\/1387.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":590651,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/30\/sodics-soreal-signs-egp-1-bn-facility-with-cib-to-finance-its-ednc-project\/","url_meta":{"origin":556227,"position":5},"title":"Sodic\u2019s Soreal signs EGP 1 bn facility with CIB to finance its EDNC project","author":"enterpriseam admin","date":"30 December 2019","format":false,"excerpt":"DEBT WATCH- Sodic subsidiary signs EGP 1 bn medium term facility with CIB: Sodic subsidiary Soreal for Real Estate Development signed a EGP 1 bn medium term facility with CIB to partially finance Sodic\u2019s first non-residential offering in East Cairo EDNC,the company said in a press release (pdf). 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