{"id":648558,"date":"2017-04-06T03:53:27","date_gmt":"2017-04-06T03:53:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/sodic-signs-egp-1-3-bn-medium-term-facility-with-aaib\/"},"modified":"2017-04-06T03:53:27","modified_gmt":"2017-04-06T03:53:27","slug":"sodic-signs-egp-1-3-bn-medium-term-facility-with-aaib","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/sodic-signs-egp-1-3-bn-medium-term-facility-with-aaib\/","title":{"rendered":"SODIC signs EGP 1.3 bn medium term facility with AAIB"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Real estate developer SODIC signed yesterday an EGP 1.3 bn medium-term facility with Arab <\/strong><strong>African International Bank (AAIB)<\/strong>, according to a statement from the company. 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. The loan will also help in pushing forward the completion of several commercial, retail and medical developments within SODIC West, including the Courtyards, Forty West, The Polygon, Allegria, Westown Residences, Westown Hub, Westown Medical Centre, and the second phase of the Strip. <a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2017\/04\/SODICsignsMediumTermFacilitywithArabAfricanInternationalBank5.4.17En.docx.pdf\">Read the full statement from SODIC here.<\/a> Pictured above: SODIC CEO Magued Sherif (right) with AAIB head of corporate banking Tamer Waheed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Real estate developer SODIC signed yesterday an EGP 1.3 bn medium-term facility with Arab African International Bank (AAIB), according to a statement from the company. 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. The loan will also help [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":648559,"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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-648558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"1da648a2-8058-4fb4-a110-518f8ef3eebc","order":"0","is_powered_by":true,"section_story_id":"131ac6a3-8405-4945-b8e9-a1e5596d7807","story_type":"1","photo_url":"https:\/\/ent.news\/2017\/4\/442.jpg","photo_position":"above","related_issue":[648548],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SODIC signs EGP 1.3 bn medium term facility with AAIB - 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\/04\/06\/sodic-signs-egp-1-3-bn-medium-term-facility-with-aaib\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SODIC signs EGP 1.3 bn medium term facility with AAIB\" \/>\n<meta property=\"og:description\" content=\"Real estate developer SODIC signed yesterday an EGP 1.3 bn medium-term facility with Arab African International Bank (AAIB), according to a statement from the company. 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. The loan will also help [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/sodic-signs-egp-1-3-bn-medium-term-facility-with-aaib\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-04-06T03:53:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2017\/4\/442.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\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\/2017\/04\/06\/sodic-signs-egp-1-3-bn-medium-term-facility-with-aaib\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/sodic-signs-egp-1-3-bn-medium-term-facility-with-aaib\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"SODIC signs EGP 1.3 bn medium term facility with AAIB\",\"datePublished\":\"2017-04-06T03:53:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/sodic-signs-egp-1-3-bn-medium-term-facility-with-aaib\/\"},\"wordCount\":120,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/sodic-signs-egp-1-3-bn-medium-term-facility-with-aaib\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2017\/4\/442.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/sodic-signs-egp-1-3-bn-medium-term-facility-with-aaib\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/sodic-signs-egp-1-3-bn-medium-term-facility-with-aaib\/\",\"name\":\"SODIC signs EGP 1.3 bn medium term facility with AAIB - 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Villette is a 301-feddan\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":642934,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/27\/sodic-subsidiary-extends-facility-with-aaib-to-egp-1-4-bn\/","url_meta":{"origin":648558,"position":1},"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 &quot;Speed Round&quot;","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":568183,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/21\/sodic-clients-can-now-pay-online-with-aaib\/","url_meta":{"origin":648558,"position":2},"title":"SODIC clients can now pay online with AAIB","author":"enterpriseam admin","date":"21 December 2020","format":false,"excerpt":"Upmarket real estate developer Sodic will now have an online payment gateway available for its clients after signing an agreement yesterday with AAIB, according to a company press release (pdf). 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