{"id":595096,"date":"2019-09-16T03:40:38","date_gmt":"2019-09-16T03:40:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/sodic-in-talks-with-local-banks-for-egp-1-bn-for-east-west-cairo-projects\/"},"modified":"2019-09-16T03:40:38","modified_gmt":"2019-09-16T03:40:38","slug":"sodic-in-talks-with-local-banks-for-egp-1-bn-for-east-west-cairo-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/sodic-in-talks-with-local-banks-for-egp-1-bn-for-east-west-cairo-projects\/","title":{"rendered":"Sodic in talks with local banks for EGP 1 bn for east, west Cairo projects"},"content":{"rendered":"

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<\/a>. The facility will be used to cover part of development costs estimated to be around EGP 8.8 bn. Sodic had said last week<\/a> that it plans to invest EGP 34 bn in four New Zayed projects over the next 10 years.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 around EGP 8.8 bn. Sodic […]<\/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":[9304],"tags":[204,72,7087,83,2402],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-595096","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-banking","tag-enterpriseam","tag-finance","tag-real-estate","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"022a8912-5a12-4cc8-b13f-12ba33759409","is_powered_by":true,"section_story_id":"5e6fe867-3f1c-431e-85cf-323443519beb","story_type":"1","photo_url":"","photo_position":"above","related_issue":[595070],"teaser":"","voice_url":""},"yoast_head":"\nSodic in talks with local banks for EGP 1 bn for east, west Cairo projects - 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\/2019\/09\/16\/sodic-in-talks-with-local-banks-for-egp-1-bn-for-east-west-cairo-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sodic in talks with local banks for EGP 1 bn for east, west Cairo projects\" \/>\n<meta property=\"og:description\" content=\"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 around EGP 8.8 bn. 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Revenues for the quarter came in at EGP 1.92 bn, up 33% thanks to accelerating deliveries at its SODIC East and Villette developments.It was a stellar quarter\u2026","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/351.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548177,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/28\/sodic-reports-54-increase-in-new-sales-in-2q2022\/","url_meta":{"origin":595096,"position":1},"title":"SODIC reports 54% increase in new sales in 2Q2022","author":"enterpriseam admin","date":"28 July 2022","format":false,"excerpt":"Upmarket real estate developer SODIC reported (pdf) 51% y-o-y growth in revenues to EGP 1.54 bn in 2Q2022 on the back of higher deliveries at its East Cairo projects. 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The Estates\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":574754,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/21\/sodic-subsidiary-signs-egp-2-57-bn-medium-term-facility-with-aaib\/","url_meta":{"origin":595096,"position":4},"title":"Sodic subsidiary signs EGP 2.57 bn medium term facility with AAIB","author":"enterpriseam admin","date":"21 September 2020","format":false,"excerpt":"DEBT WATCH- Sodic subsidiary signs EGP 2.57 bn medium term facility with AAIB: Sodic subsidiary Soreal Real Estate Development signed a EGP 2.57 bn medium-term facility with the Arab African International Bank to finance Sodic\u2019s Villette project in New Cairo, according to an emailed statement (pdf). 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