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SODIC inks credit facility worth EGP 1.3bn with AAIB

SODIC inks credit facility worth EGP 1.3bn with AAIB
(Photo credit: Company's website)
SODIC
OCDI
1.19% 21.25 0.25

Cairo – Mubasher: Sixth of October for Development and Investment (SODIC) has signed a medium-term credit facility agreement worth EGP 1.3 billion with the Arab African International Bank (AAIB), SODIC said on Wednesday.

The facility will be used in financing the SODIC WEST project and other projects, according to a bourse statement.

The stock rose on Tuesday by 1.95% to EGP 13.61.