Six of October Development and Investment (SODIC) News - Mubasher Info
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Six of October Development and Investment (OCDI)

Last update: 27 February 02:28 PM market time.
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News

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7 February 11:49 AM SODIC posts 164% higher consolidated profits in 2023
Cairo – Mubasher: Six of October Development and Investment (SODIC) registered net profits after tax and non-controlling interest valued at EGP 1.37 billion in 2023, an annual leap of 164% from EGP 520.05 million. Total revenues amounted to EGP …
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21 November 2023 02:53 PM SODIC, Infinity to implement EV charging station network
Cairo – Mubasher: The Six of October Development and Investment (SODIC) penned a global agreement with Infinity, Egypt's renewable energy and electric vehicle (EV) charging provider. The deal covers the establishment of a comprehensive EV charging …
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30 October 2023 02:37 PM SODIC delivers positive performance in 9M-23; gross contracted sales hit EGP 19.8bn
Cairo – Mubasher: The consolidated net profits attributable to the shareholders of the Six of October Development and Investment (SODIC) hit EGP 547.57 million in the first nine months (9M) of 2023. The generated net profits were up year-on-year …
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1 October 2023 03:19 PM Beltone’s shareholders approve sale deal with SODIC’s unit
Cairo – Mubasher: Beltone Financial Holding obtained the approval of its shareholders to buy an administrative building from the Six of October Development and Investment (SODIC). Belton will ink the EGP 1.11 billion purchase deal with the Sixth …
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3 September 2023 02:38 PM Aldar unveils SODIC’s expansion plans in Egypt
Cairo – Mubasher: Aldar Properties-backed Six of October Development and Investment (SODIC) plans to expand the Nobu brand in Egypt, according to a press release. SODIC will establish two hotels, branded residences, and a restaurant across two of …
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31 July 2023 00:47 PM SODIC registers nearly EGP 342m consolidated profits in H1-23
Cairo – Mubasher: Six of October Development and Investment (SODIC) posted consolidated net profits after tax worth EGP 341.71 million in the first half (H1) of 2023. The recorded profits were higher than EGP 295.71 million in H1-22, including …
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16 July 2023 03:02 PM SODIC unveils EGP 1.11bn sale deal with Beltone
Cairo – Mubasher: The ordinary general meeting (OGM) of Six of October Development and Investment Company (SODIC) agreed to sell EDNC Building No 1 at Eastown Project in New Cairo at a value of EGP 1.11 billion. Development and Real Estate …
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12 July 2023 11:18 AM SODIC eyes EGP 80bn sales from new development project
Cairo – Mubasher: Six of October Development and Investment Company (SODIC) signed a revenue-sharing agreement to develop a residential tourism project on the North Coast. SODIC highlighted that the project’s contracted sales are expected to reach …
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3 May 2023 09:48 AM SODIC posts lower consolidated profits in Q1-23 initial financials
Cairo – Mubasher: Six of October Development and Investment Company (SODIC) registered EGP 187.31 million in consolidated net profit attributable to the owners during the first quarter (Q1) of 2023, an annual drop from EGP 226.23 million. Earnings …
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12 February 2023 11:33 AM SODIC logs EGP 525m consolidated profits in 2022; contracted sales hike 87%
Cairo – Mubasher: Six of October Development and Investment Company (SODIC) achieved consolidated net profits after tax worth EGP 525.15 million in 2022, down from EGP 865.10 million in 2021, including non-controlling equity. Revenues hit EGP 7.81 …
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23 January 2023 11:06 AM SODIC’s unit inks EGP 2.75bn facility with AAIB
Cairo – Mubasher: Al Yosr for Projects and Real Estate Development, a fully-owned subsidiary of Six of October Development and Investment (SODIC), signed a medium-term facility of EGP 2.75 billion with the Arab African International Bank (AAIB). …
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27 October 2022 04:08 PM SODIC’s consolidated profits leap to EGP 439m in 9M-22
Cairo – Mubasher: The consolidated net profits after tax of Six of October Development and Investment (SODIC) increased to EGP 438.74 million in the first nine months (9M) of 2022, versus EGP 346.95 million in 9M-21, including minority …
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27 October 2022 02:15 PM SODIC generates EGP 11.8bn in gross contracted sales during 9M-22
Cairo – Mubasher: Six of October Development and Investment (SODIC) has sold 1,735 units during the first nine months (9M) of 2022, generating EGP 11.80 billion in gross contracted sales, up 119% from EGP 5.39 billion in the year-ago period.   …
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25 October 2022 10:26 AM Orascom Development Egypt to hire advisors to evaluate SODIC's offer to acquire unit
Cairo – Mubasher: The board of directors of Orascom Development Egypt (ODE) met on Monday, 24 October to discuss the non-binding offer submitted by Six of October Development and Investment (SODIC) to acquire 100% of Orascom Real Estate.  The …
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22 September 2022 10:05 AM Aldar Properties eyes new acquisitions in Egypt
Cairo – Mubasher: Aldar Properties has a strategy to expand in Egypt that includes new acquisitions after failing to acquire Madinet Nasr Housing and Development (MNHD), CEO of Six of October Development and Investment (SODIC), Magued Sherif, told …
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8 September 2022 11:07 AM SODIC relaunches New Zayed project
Cairo – Mubasher: Six of October Development and Investment (SODIC) has relaunched its New Zayed project, which currently spans an area of 464 acres, after being re-master planned. The project had been put on hold due to the re-zoning of New Zayed …
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27 July 2022 03:26 PM SODIC’s profits near EGP 296m in H1-22 results
Cairo – Mubasher: Six of October Development and Investment (SODIC) has logged consolidated net profits after tax worth EGP 295.71 million in the first half (H1) of 2022, higher than EGP 225.84 million in H1-21, including minority shareholders' …
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18 July 2022 01:11 PM MNHD's OGM to consider due diligence on SODIC's acquisition request
Cairo - Mubasher: The ordinary general meeting (OGM) of Madinet Nasr Housing and Development (MNHD) will consider the offer made by Six of October Development and Investment (SODIC) to approve due diligence. During the OGM, set to be held on 16 …
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5 July 2022 10:59 AM SODIC submits non-binding offer to acquire MNHD
Cairo – Mubasher: Six of October Development and Investment (SODIC) has submitted a non-binding offer for the potential acquisition of Madinet Nasr Housing and Development (MNHD) through a mandatory tender offer. SODIC seeks to acquire up to 100% …
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14 June 2022 11:20 AM SODIC's unit inks EGP 600m facility with AUB
Cairo – Mubasher: Six of October For Development and Real Estate Projects (SOREAL), a wholly-owned subsidiary of Six of October Development and Investment (SODIC), has inked an EGP 600 million discounting facility agreement. The agreement was …
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8 March 2022 00:25 PM SODIC records 5% higher profits in 2021
Cairo – Mubasher: Six of October Development and Investment (SODIC) reported a 4.73% year-on-year (YoY) rise in its consolidated net profits to EGP 865.1 million in 2021 from EGP 825.95 million. The company generated revenues of EGP 6.92 billion …
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16 December 2021 03:36 PM Aldar-ADQ consortium completes acquisition of 85.5% stake in SODIC
Mubasher: A consortium comprising Aldar Properties and ADQ has completed the acquisition of around 85.52% of the outstanding share capital of Six of October Development and Investment (SODIC) following a mandatory tender offer (MTO). …
Photo Archive
8 December 2021 09:49 AM Aldar-ADQ consortium acquires 85.5% stake in Egypt's SODIC
Mubasher: A consortium comprising Aldar Properties and ADQ will acquire around 85.52% of the outstanding share capital of Six of October Development and Investment (SODIC) following a mandatory tender offer (MTO). The consortium, owned 70% by …
Photo Archive
24 November 2021 09:41 AM Egypt's FRA approves Aldar-ADQ consortium's MTO to acquire SODIC
Mubasher: The Egyptian Financial Regulatory Authority (FRA) has approved a mandatory tender offer (MTO) submitted by a consortium of Aldar Properties and ADQ to acquire up to 90% and a minimum of 51% of the outstanding share capital of Six of …
The property developer generated EGP 3.31 billion in revenue
15 November 2021 04:26 PM SODIC's profit drops 37% in nine months
Cairo – Mubasher: The consolidated net profits of Six of October Development and Investment (SODIC) slid by 36.8% year-on-year (YoY) to EGP 346.95 million in the first nine months of 2021, compared to EGP 549.45 million, including minority …