Six of October Development and Investment (OCDI)

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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). …

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 …

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.   …

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 …

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 …

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 …

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' …

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 …

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% …

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 …

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 …

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). …

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 …

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 …

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 …