Six of October Development and Investment (SODIC) News - Mubasher Info
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08 April 08:15 PM

Six of October Development and Investment (OCDI)

Last update: 02:25 PM market time.
20.10
0.20
1.00%
Open 19.91
Previous Close 19.91
High 20.50
Low 20.00
Stock Statistics
Volume 3,827,566
Turnover 77,421,464.00
All data are 15 minutes late during market session

News

Revenues grew to EGP 5.57 billion last year
29 March 2021 03:16 PM SODIC's profit up 14% in 2020; dividends proposed
Cairo – Mubasher: Six of October Development and Investment (SODIC) reported consolidated net profits of EGP 819.65 million in 2020, up by 13.9% year-on-year (YoY) from EGP 719.4 million. The profits attributable to minority interests reached EGP …
Financial Results
The potential transaction will be executed by Aldar-led consortium
14 March 2021 11:28 AM Aldar offers to acquire majority stake in EGX-listed SODIC
Mubasher: Aldar Properties has submitted a preliminary non-binding offer to acquire a majority stake in Six of October Development and Investment (SODIC), an Egyptian real estate company. The potential transaction will be executed by a consortium …
Real estate
The transaction involved the purchase of 370,000 shares for EGP 5.92 million
9 February 2021 11:34 AM Hassan Allam Properties raises stake in SODIC
Cairo – Mubasher: Hassan Allam Properties raised its stake in Six of October Development and Investment (SODIC) to 5.1% from 5%. The transaction involved the purchase of 370,000 shares at a value of EGP 5.92 million, averaging EGP 16 per share, …
Insider Trading & Treasury Stocks
SODIC’s projects in West Cairo represented 61% of total contracted sales
24 January 2021 01:25 PM SODIC records EGP 7.4bn in contracted sales during 2020
Cairo – Mubasher: Six of October Development and Investment (SODIC) achieved contracted sales of EGP 7.4 billion in 2020, representing 1,361 units, registering a 2% year-on-year (YoY) increase. Residential sales rose by 19% YoY to EGP 7.2 billion …
Financial Results
The transaction involved the purchase of 310,000 shares
13 January 2021 10:45 AM Hassan Allam Properties ups stake in SODIC
Cairo – Mubasher: Hassan Allam Properties raised its stake in Six of October Development and Investment (SODIC) to 5% from 4.91%. The transaction involved the purchase of 310,000 shares at a value of EGP 4.8 million, averaging EGP 15.5 per share, …
Insider Trading & Treasury Stocks
The company’s issued and paid-up capital will be raised to EGP 1.42 billion
29 December 2020 05:51 PM EGX approves listing SODIC's EGP 28m capital raise shares
Cairo – Mubasher: The Egyptian Exchange’s (EGX) listing committee approved the listing of the capital raise shares of Six of October Development and Investment (SODIC). The company’s issued and paid-up capital will be raised to EGP 1.42 billion …
Corporate Actions
Revenues declined to EGP 3.15 billion
12 November 2020 01:24 PM SODIC’s profit edges up in 9M despite lower revenue
Cairo – Mubasher: The consolidated net profits of Six of October Development and Investment (SODIC) grew by 6% year-on-year (YoY) to EGP 537.84 million during the first nine months of 2020 from EGP 506.09 million, including minority shareholders’ …
Financial Results
SODIC reported net profits of EGP 69.3 million in six months
1 November 2020 02:03 PM SODIC's shareholders approve capital raise
Cairo – Mubasher: Six of October Development and Investment (SODIC) announced that its shareholders approved a decision to increase the issued and paid-up capital to EGP 1.424 billion from EGP 1.396 billion. The capital raise will be allocated for …
General Assembly
The issued and paid-up capital will be raised to EGP 1.424 billion
6 October 2020 05:56 PM SODIC obtains FRA’s approval for capital raise
Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved a request to publish the disclosure form of Six of October Development and Investment (SODIC) to raise its issued and paid-up capital.   The disclosure form included the …
Corporate Actions
EDNC includes 90,000 square metres of commercial and retail space
4 October 2020 00:53 PM SODIC awards EGP 1.7bn contracts to develop EDNC
Cairo – Mubasher: Six of October Development and Investment (SODIC) has awarded over EGP 1.7 billion in construction contracts for the development of Eastown District New Cairo (EDNC), the commercial component of Eastown located directly on Road …
Companies Investments
SODIC sold 1,500 units in the Villette Project
20 September 2020 05:13 PM SODIC's unit inks EGP 2.57bn facility deal with AAIB
Cairo - Mubasher: Six of October Development and Investment (SODIC) announced that its subsidiary SOREAL For Real Estate Investment signed a medium-term facility package worth EGP 2.57 billion with the Arab African International Bank (AAIB). The …
Real estate
The company’s revenues slid to EGP 1.07 billion
12 August 2020 11:14 AM SODIC’s profit sinks 80% in H1-20
Cairo – Mubasher: Six of October Development and Investment (SODIC) reported an 80% year-on-year (YoY) drop in its net profits to EGP 69.3 million in the first half (H1) of 2020 from EGP 337.9 million. The company’s revenues slid to EGP 1.07 …
Financial Results
The transaction involved the purchase of 5.87 million shares
9 August 2020 01:50 PM Hassan Allam ups stake in SODIC
Cairo – Mubasher: Hassan Allam Properties raised its stake in Six of October Development and Investment (SODIC) to 3.9% from 2.22%. The transaction involved the purchase of 5.87 million shares for EGP 76.05 million at an average price of EGP 12.95 …
Insider Trading & Treasury Stocks
The implementation period has been extended by 11 months
28 July 2020 02:08 PM Heliopolis Housing approves SODIC's payment reschedule request
Cairo – Mubasher: The board of directors of Heliopolis Company for Housing and Development approved a request submitted by Six of October Development and Investment (SODIC) to reschedule the payments related to the co-development contract for 655 …
Corporate Actions
The mixed-use development is the real estate developer’s largest project in East Cairo
21 July 2020 01:39 PM SODIC awards EGP 1.2bn contracts to develop SODIC East
Cairo – Mubasher: Six of October Development and Investment (SODIC) has awarded more than EGP 1.2 billion worth of construction contracts to develop its SODIC East project since 2018, SODIC’s managing director Magued Sherif said. “All launched …
Real estate
The company’s revenues dwindled to EGP 429.45 million
15 June 2020 11:32 AM SODIC’s profit slumps 83% in Q1-20 on lower revenue
Cairo – Mubasher: The consolidated financial statements of Six of October Development and Investment (SODIC) reported an 83% year-on-year (YoY) drop in its net profits to EGP 27.7 million in the first quarter of 2020 from EGP 162.04 million. The …
Financial Results
The appointment will be effective as of 1 April
31 March 2020 00:57 PM SODIC names new non-executive chairman
Cairo – Mubasher: The board of directors of Six of October Development and Investment (SODIC) announced the appointment of Osama Abdel Moneim Mahmoud Saleh as the non-executive chairman. The appointment will be effective as of 1 April 2020, the …
Real estate
The distributable profits amount to EGP 683.237 million
30 March 2020 01:34 PM SODIC's shareholders approve to distribute EGP 0.55/shr dividends
Cairo – Mubasher: The ordinary general meeting (OGM) of Six of October Development and Investment (SODIC) has agreed on paying out 55 piasters per share cash dividends for 2019, amounting to EGP 192.048 million. The distributable profits amounted …
General Assembly
The resignation will be effective as of 1 April
9 March 2020 00:56 PM SODIC’s chairman resigns
Cairo – Mubasher: Six of October Development and Investment (SODIC) announced that it has received a resignation letter from its chairman Hani Salah Sarie El-Din. The resignation, which will be effective as of 1 April, will be referred to the …
Board of Directors
SODIC reported net profits of EGP 721.24 million in 2019
26 February 2020 03:23 PM SODIC’s MD reveals reason not to bid for Heliopolis Housing management
By: Ahmed Allam Cairo – Mubasher: Six of October Development and Investment (SODIC) is still open to bid for the management of the state-run Heliopolis Company for Housing and Development (HHD) if a new tender is launched on more appropriate …
Real estate
Revenues surged to EGP 5.33 billion last year
26 February 2020 11:22 AM SODIC’s profit jumps 60% in 2019; dividends proposed
Cairo – Mubasher: Six of October Development and Investment (SODIC) reported a 60% year-on-year profit hike during 2019. Net profits leapt to EGP 721.24 million last year from EGP 450.9 million in 2018, including minority shareholders’ rights, the …
Cash Dividends
The deadline for bid submission has been extended to 23 February
19 February 2020 01:30 PM Four firms to submit bids for 10% stake in Heliopolis Housing
Cairo – Mubasher: Heliopolis Company for Housing and Development (HHD) announced that four companies purchased the request for proposal (RFP) document to acquire a 10% stake in the state-owned company with management rights. The companies are Six …
Real estate
The project is SODIC’s first non-residential project in East Cairo
29 December 2019 00:44 PM SODIC’s unit inks EGP 1bn funding deal with CIB
Cairo – Mubasher: Six of October Development and Investment (SODIC) announced that its subsidiary SOREAL has signed a medium-term credit facility agreement with the Commercial International Bank – Egypt (CIB). The EGP 1 billion funding will be …
Real estate
SODIC launched the first phase of the 500-feddan “VYE” project
25 December 2019 01:23 PM SODIC, NUCA sign escrow agreement with Banque Misr
Cairo – Mubasher: Six of October Development and Investment (SODIC) and the New Urban Communities Authority (NUCA) signed an escrow agreement with Banque Misr over a 500-feddan project in New Sheikh Zayed City. The new contract is the beginning …
Companies Investments
VYE project with all its phases is likely to generate sales of EGP 43 billion
23 December 2019 11:12 AM SODIC’s VYE Phase I generates EGP 1bn sales in 2 days
Cairo – Mubasher: Six of October Development and Investment (SODIC) has offered the first phase of the 500-feddan “VYE” project in New Sheikh Zayed City for sale. Sales in the first phase have registered EGP 1 billion in just two days, the company …
Real estate