{"id":597202,"date":"2019-07-18T04:21:41","date_gmt":"2019-07-18T04:21:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/sodic-signs-agreement-with-cib-to-raise-loan-size-to-egp-500-mn\/"},"modified":"2019-07-18T04:21:41","modified_gmt":"2019-07-18T04:21:41","slug":"sodic-signs-agreement-with-cib-to-raise-loan-size-to-egp-500-mn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/sodic-signs-agreement-with-cib-to-raise-loan-size-to-egp-500-mn\/","title":{"rendered":"SODIC signs agreement with CIB to raise loan size to EGP 500 mn"},"content":{"rendered":"

SODIC gets top-up on CIB loan: <\/b>Real estate developer SODIC has signed an agreement with CIB to raise the limit of a medium-term facility to EGP 500 mn to speed up construction of its October Plaza and complete it ahead of schedule, the company said in a statement (pdf)<\/a>. \u201cIt is a pleasure to work with CIB again, one of the largest commercial banks in Egypt,\u201d CFO Omar Elhamawy said. \u201cIncreasing the facility comes as a testament to SODIC\u2019s credibility and strength of its financial position,\u201d he added. SODIC had signed the agreement with CIB for a EGP 270 mn medium-term facility in September 2017<\/a> to fund the west Cairo project, whose first phase was launched earlier that year.<\/p>\n","protected":false},"excerpt":{"rendered":"

SODIC gets top-up on CIB loan: Real estate developer SODIC has signed an agreement with CIB to raise the limit of a medium-term facility to EGP 500 mn to speed up construction of its October Plaza and complete it ahead of schedule, the company said in a statement (pdf). \u201cIt is a pleasure to work […]<\/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":[8572],"tags":[240,7097,72,83,312,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-597202","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-cib","tag-development","tag-enterpriseam","tag-real-estate","tag-sodic","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"93d15096-fa06-443f-8ec7-0a3c8032352b","is_powered_by":true,"section_story_id":"9faec0c8-dbfa-41ca-bc59-59384f4687e2","story_type":"1","photo_url":"","photo_position":"above","related_issue":[597188],"teaser":"","voice_url":""},"yoast_head":"\nSODIC signs agreement with CIB to raise loan size to EGP 500 mn - 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\/07\/18\/sodic-signs-agreement-with-cib-to-raise-loan-size-to-egp-500-mn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SODIC signs agreement with CIB to raise loan size to EGP 500 mn\" \/>\n<meta property=\"og:description\" content=\"SODIC gets top-up on CIB loan: Real estate developer SODIC has signed an agreement with CIB to raise the limit of a medium-term facility to EGP 500 mn to speed up construction of its October Plaza and complete it ahead of schedule, the company said in a statement (pdf). \u201cIt is a pleasure to work […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/sodic-signs-agreement-with-cib-to-raise-loan-size-to-egp-500-mn\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-18T04:21:41+00:00\" \/>\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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/sodic-signs-agreement-with-cib-to-raise-loan-size-to-egp-500-mn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/sodic-signs-agreement-with-cib-to-raise-loan-size-to-egp-500-mn\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"SODIC signs agreement with CIB to raise loan size to EGP 500 mn\",\"datePublished\":\"2019-07-18T04:21:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/sodic-signs-agreement-with-cib-to-raise-loan-size-to-egp-500-mn\/\"},\"wordCount\":129,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"CIB\",\"development\",\"EnterpriseAM\",\"real estate\",\"SODIC\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/sodic-signs-agreement-with-cib-to-raise-loan-size-to-egp-500-mn\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/sodic-signs-agreement-with-cib-to-raise-loan-size-to-egp-500-mn\/\",\"name\":\"SODIC signs agreement with CIB to raise loan size to EGP 500 mn - 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The loan will fund the company\u2019s October Plaza in west Cairo. The project\u2019s first phase was launched in February.","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":597202,"position":1},"title":"Ora Developers secures EGP 7 bn from banking consortium. 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The company\u2019s board of directors\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":627703,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/10\/could-the-potential-sodic-mnhd-merger-come-in-the-form-of-a-share-swap\/","url_meta":{"origin":597202,"position":4},"title":"Could the potential SODIC-MNHD merger come in the form of a share swap?","author":"enterpriseam admin","date":"10 June 2018","format":false,"excerpt":"M&A WATCH- SODIC-MNHD to take the form of a share swap? 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