{"id":559259,"date":"2021-01-14T03:45:32","date_gmt":"2021-01-14T03:45:32","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/14\/also-on-our-radar-on-14-january-2021\/"},"modified":"2021-01-14T03:45:32","modified_gmt":"2021-01-14T03:45:32","slug":"also-on-our-radar-on-14-january-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/14\/also-on-our-radar-on-14-january-2021\/","title":{"rendered":"Also on our radar on 14 January 2021"},"content":{"rendered":"

Hassan Allam Properties has upped its stake in real estate developer Sodic to 5%<\/strong> from 4.91%<\/strong>, according to a regulatory filing (pdf)<\/a>. The company purchased 310k shares at EGP 15.5 per share, totalling EGP 4.8 mn. This brings the stake collectively held by Hassan Allam Properties and its CEO, Act Financial, Concrete Plus Engineering and Construction and group affiliated Tarek Mohamed Mahmoud Youssef to 14.91%. The group is now Sodic\u2019s largest stakeholder, followed by Saudi Arabia\u2019s Olayan Investment, which holds 13.84%. The group has been increasing its holdings in Sodic, sinceJuly<\/a>.<\/p>\n

MEANWHILE- <\/strong>State-owned public transport company Mowasalat Misr<\/strong> will invest<\/a> EGP 2 bn in expansion plans over the coming two years beginning in 2Q2021, while Mubasher<\/strong> has launched<\/a> a EGP 360 mn electronic asset management platform, Du. Meanwhile, United Oil and Gas\u2019 operations at the Abu Sennan concession are performing \u201cstrongly\u201d and outperformed production forecasts during the second half of 2020, the company said yesterday<\/a>.<\/p>\n

ALSO: <\/strong>M<\/strong>ubarak-era Infor<\/strong>mation Minister Safwat El Sherif died yesterday of leukemia<\/strong>, his son Ihab confirmed to Youm7<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Hassan Allam Properties has upped its stake in real estate developer Sodic to 5% from 4.91%, according to a regulatory filing (pdf). The company purchased 310k shares at EGP 15.5 per share, totalling EGP 4.8 mn. This brings the stake collectively held by Hassan Allam Properties and its CEO, Act Financial, Concrete Plus Engineering and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[7209],"tags":[543,111,541,93,72,3046,1257,3168,91,312],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-559259","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-act-financial","tag-also-on-our-radar","tag-asset-management","tag-energy","tag-enterpriseam","tag-hassan-allam-properties","tag-mubasher-capital-holding","tag-mwasalat-misr","tag-oil-and-gas","tag-sodic","wpautop","entry"],"acf":{"mongo_id":"5c8c9e28-4712-474e-8ecd-ce5d919c76d7","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[559235],"teaser":"","voice_url":""},"yoast_head":"\nAlso on our radar on 14 January 2021 - 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\/01\/14\/also-on-our-radar-on-14-january-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Also on our radar on 14 January 2021\" \/>\n<meta property=\"og:description\" content=\"Hassan Allam Properties has upped its stake in real estate developer Sodic to 5% from 4.91%, according to a regulatory filing (pdf). 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The\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":568293,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/24\/is-b-investments-partially-exiting-total-egypt\/","url_meta":{"origin":559259,"position":1},"title":"Is B Investments partially exiting Total Egypt?","author":"enterpriseam admin","date":"24 December 2020","format":false,"excerpt":"Is B Investments close to offloading part of its Total Egypt stake? B Investments denied it has reached an agreement to sell 20% of its stake in Total Egypt after local press reports yesterday claimed it had agreed to sell the shares for EGP 146.4 mn. Sources told Al Mal\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/417.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":565559,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/15\/sodic-taps-efg-hemes-to-advise-on-acquisition-bid\/","url_meta":{"origin":559259,"position":2},"title":"Sodic taps EFG Hemes to advise on acquisition bid","author":"enterpriseam admin","date":"15 April 2021","format":false,"excerpt":"Sodic appointed EFG Hermes to act as its financial advisor in Aldar Properties\u2019 bid to acquire 51% of the Egyptian real estate giant, according to a regulatory filing (pdf). Sodic appears to have made the hire last week to assess the value offered by the Emirati real estate firm. Sodic\u2019s\u2026","rel":"","context":"In "SPEED ROUND: M&A WATCH"","block_context":{"text":"SPEED ROUND: M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/432.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553519,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/07\/sodic-is-officially-getting-emirati-owners\/","url_meta":{"origin":559259,"position":3},"title":"SODIC is officially getting Emirati owners","author":"enterpriseam admin","date":"7 December 2021","format":false,"excerpt":"The Aldar \/ ADQ takeover of SODIC is going through: SODIC shareholders have so far agreed to sell shares equivalent to a 77.26% stake (275.2 mn shares) in the company to a consortium of real estate giant Aldar Properties and Abu Dhabi sovereign wealth fund ADQ in a mandatory tender\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/241.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":665158,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/hassan-allam-wants-to-list-its-spac\/","url_meta":{"origin":559259,"position":4},"title":"Hassan Allam wants to list its SPAC","author":"enterpriseam admin","date":"13 May 2025","format":false,"excerpt":"PLUS- SODIC will develop a 1k feddan-plot in West Cairo","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1115.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561471,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/sodic-taps-financial-advisors-to-assess-aldar-acquisition-bid\/","url_meta":{"origin":559259,"position":5},"title":"Sodic taps financial advisors to assess Aldar acquisition bid","author":"enterpriseam admin","date":"8 April 2021","format":false,"excerpt":"Sodic to weigh Aldar acquisition offer: Our friends at Sodic have appointed unnamed financial advisors to look into Emirati real estate firm Aldar Properties\u2019 bid to acquire a majority stake in the company, the upmarket developer said in a regulatory filing (pdf). 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