{"id":642729,"date":"2017-08-21T04:04:51","date_gmt":"2017-08-21T04:04:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/21\/sodic-spent-egp-804-mn-of-its-2014-capital-increase-as-of-1h2017\/"},"modified":"2017-08-21T04:04:51","modified_gmt":"2017-08-21T04:04:51","slug":"sodic-spent-egp-804-mn-of-its-2014-capital-increase-as-of-1h2017","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/21\/sodic-spent-egp-804-mn-of-its-2014-capital-increase-as-of-1h2017\/","title":{"rendered":"SODIC spent EGP 804 mn of its 2014 capital increase as of 1H2017"},"content":{"rendered":"

SODIC has spent EGP 804 mn in proceeds from its 2014 EGP 992.9 mn capital increase as of 1H2017, according to an EGX filing<\/a>. Among the noteworthy expenditures are the EGP 400 mn invested in its Villette project in 2014 and EGP 191 mn spent to acquire the Tobrouk Building Company and purchase a 172k sqm land plot in 2015. In 2016, SODIC spent EGP 100 mn on the New Heliopolis project<\/a>, in partnership with Heliopolis Company for Housing & Development. SODIC also allocated EGP 10 mn to engineering works at New Heliopolis in 2017 and expects to launch phase one in October<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

SODIC has spent EGP 804 mn in proceeds from its 2014 EGP 992.9 mn capital increase as of 1H2017, according to an EGX filing. Among the noteworthy expenditures are the EGP 400 mn invested in its Villette project in 2014 and EGP 191 mn spent to acquire the Tobrouk Building Company and purchase a 172k […]<\/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":[72,2402],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-642729","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"36425518-81c3-4db2-abd9-0fc4265a72a9","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[642693],"teaser":"","voice_url":""},"yoast_head":"\nSODIC spent EGP 804 mn of its 2014 capital increase as of 1H2017 - 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\/2017\/08\/21\/sodic-spent-egp-804-mn-of-its-2014-capital-increase-as-of-1h2017\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SODIC spent EGP 804 mn of its 2014 capital increase as of 1H2017\" \/>\n<meta property=\"og:description\" content=\"SODIC has spent EGP 804 mn in proceeds from its 2014 EGP 992.9 mn capital increase as of 1H2017, according to an EGX filing. Among the noteworthy expenditures are the EGP 400 mn invested in its Villette project in 2014 and EGP 191 mn spent to acquire the Tobrouk Building Company and purchase a 172k […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/21\/sodic-spent-egp-804-mn-of-its-2014-capital-increase-as-of-1h2017\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-21T04:04:51+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/21\/sodic-spent-egp-804-mn-of-its-2014-capital-increase-as-of-1h2017\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/21\/sodic-spent-egp-804-mn-of-its-2014-capital-increase-as-of-1h2017\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"SODIC spent EGP 804 mn of its 2014 capital increase as of 1H2017\",\"datePublished\":\"2017-08-21T04:04:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/21\/sodic-spent-egp-804-mn-of-its-2014-capital-increase-as-of-1h2017\/\"},\"wordCount\":102,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Real Estate + Housing\"],\"articleSection\":[\"Real Estate + Housing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/21\/sodic-spent-egp-804-mn-of-its-2014-capital-increase-as-of-1h2017\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/21\/sodic-spent-egp-804-mn-of-its-2014-capital-increase-as-of-1h2017\/\",\"name\":\"SODIC spent EGP 804 mn of its 2014 capital increase as of 1H2017 - 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Revenues increased by 88% y-o-y to EGP 1.173 bn. The surge in revenues was driven by a 103% y-o-y rise in deliveries in 1H2017. \u201cNet contracted sales for 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":649686,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/06\/constec-awarded-egp-95-mn-construction-contract-by-sodic\/","url_meta":{"origin":642729,"position":1},"title":"CONSTEC awarded EGP 95 mn construction contract by SODIC","author":"enterpriseam admin","date":"6 March 2017","format":false,"excerpt":"Construction and Design (CONSTEC) says it was awarded the project for construction works on SODIC\u2019s East Town Villette project, according to Al Mal. The contract is worth EGP 95 mn, CONSTEC\u2019s Managing Director Ashraf Abdel Hakim says, and will be implemented over three phases within 15 months. Abdel Hakim says\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":640825,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/05\/cib-to-provide-egp-270-mn-medium-term-facility-to-sodic\/","url_meta":{"origin":642729,"position":2},"title":"CIB to provide EGP 270 mn medium-term facility to SODIC","author":"enterpriseam admin","date":"5 September 2017","format":false,"excerpt":"SODIC signed an agreement with CIB for a EGP 270 mn medium-term facility on Wednesday, according to an EGX filing. 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":622023,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/constec-inks-egp-430-mn-agreement-with-sodic\/","url_meta":{"origin":642729,"position":3},"title":"CONSTEC inks EGP 430 mn agreement with SODIC","author":"enterpriseam admin","date":"25 November 2018","format":false,"excerpt":"Construction and Design (CONSTEC) was awarded contracts worth EGP 430 mn for construction works on SODIC\u2019s projects in the North Coast and New Cairo, which includes SODIC\u2019s Caesar compound in the North Coast, CONSTEC General Manager Ashraf Abdel Hakam told Al Masry Al Youm.","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":599062,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/17\/heliopolis-housing-sells-eight-sheraton-plots-for-egp-66-8-mn\/","url_meta":{"origin":642729,"position":4},"title":"Heliopolis Housing sells eight Sheraton plots for EGP 66.8 mn","author":"enterpriseam admin","date":"17 June 2019","format":false,"excerpt":"Heliopolis Housing has sold eight plots of land in Sheraton for a total value of EGP 66.8 mn, the company said in an EGX disclosure (pdf) without specifying a timeframe. The Public Enterprises Ministry and the Holding Company for Construction and Development decided last week to hand the company\u2019s management\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":646287,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/11\/heliopolis-housing-records-egp-71-1-mn-in-sales-in-may\/","url_meta":{"origin":642729,"position":5},"title":"Heliopolis Housing records EGP 71.1 mn in sales in May","author":"enterpriseam admin","date":"11 June 2017","format":false,"excerpt":"Heliopolis Company for Housing & Development announced EGP 71.1 mn in sales from its three projects in May. 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