Monday 20 October 2014
 
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Sodic

Egyptian developer Sodic to invest $336m in 2015

Sodic, one of Egypt's largest listed real estate developers, plans to invest 2.4 billion Egyptian pounds ($336 million) in 2015 and is hunting for new projects as the sector recovers from three years of turmoil, its managing director said.

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Sodic posts $12m profit for H1

Sixth of October Development and Investment Company (Sodic) posted EGP91 mllion ($12.6 million) net profit for the first half of the year, on the back of strong sales and a replenished land bank. The key milestones achieved includ

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Sodic considers $140m rights issue

Sodic, Egypt's third-largest listed property developer, is considering a deeply-discounted one billion Egyptian pound ($140 million) rights issue, it said on Monday.   "The board of directors has agreed

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Sodic, Al Oula sign co-operation protocol

Egypt-based Sixth of October Development and Investment Co (Sodic) and Tameer Mortgage Company (Al Oula) have signed a co-operation protocol at the ongoing Cityscape Real Estate Summit in Cairo.   The protocol en

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Sodic hands over new HQ building to Juhayna

Sodic, a leading real estate development company in Egypt, said it has handed over one of its buildings at its Polygon Business Park to Juhayna Food Industries. The two home-grown Egyptian companies had last January signed a deal

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Sodic revenue soars to $47m

Sodic, one of the region’s leading real estate development companies, has reported net consolidated revenues of EGP327 million ($47 million), thus posting an increase of 152 per cent quarter-on-quarter. Sodic concluded an op

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Egyptian developer runs short of land

One of Egypt's biggest property developers, Sodic, warned that it was running out of land for new development and said it hoped an interim government would approve new tracts.   Reflecting the wider problems

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Sodic gets nod to start Eastown construction

Sodic, a leading real estate development company in Egypt, has obtained the construction permits for the first phases of its Eastown project in New Cairo, enabling construction to commence this month. Eastown is meticulously plann

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Sodic appoints new financial officer

Leading Egyptian real estate developer Sodic that Salah Shafei has resigned from his position as chief financial officer, to be succeeded by Omar El-Hamawy, effective May 31. El-Hamawy succeeds Shafei after almost six years with S

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Sodic eyes stable sales, ups investments

Sodic, one of Egypt's largest real estate developers, hopes to maintain last year's sales momentum as demand for upmarket residential units remains strong despite a weak economy, its managing director said. "We are ho

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