Latest in Tag: SODIC Highlight
Latest in Tag: SODIC
SODIC’s stock represents a good chance as merger plans with MHND go in full swing: report
The declared acquisition will be conducted through direct equity swap only
SODIC’s new projects to enhance company performance, boost profitability: Pharos
Company projected to generate around EGP 15bn in sales within seven years
SODIC, MHND merger to have strategic impact on both firms: report
Synergy between two companies to enhance Egypt’s real estate sector
SODIC targets EGP 8.7bn of contracted sales in 2018 as it mulls expansion
Company revenue grows with resilient margins despite inflationary backdrop
SODIC studies partnership with NUCA
SODIC’s board discusses revenues division plan Monday
Egypt’s real estate sector undergoing transformation: SODIC managing director
Higher land prices create more partnerships among developers
AAIB raises value of financing package granted to SODIC Group to EGP 1.4bn
The bank’s total loans to SODIC Group increased to EGP 4bn over the past three years
SODIC to finish Caeser project by August 2018
The project valued at EGP 900m, all units sold
Vodafone agrees with SODIC to launch “Go Smart”
The service offers smart control system solutions depending on the Internet of Things
SODIC achieves total revenues of EGP 703m in Q1
SODIC records triple digit growth in profit, estimated at EGP 211m
SODIC targets sales of EGP 5.6bn in 2017
Company obtained credit facilities of EGP 2.2bn, 55% of which was utilised
SODIC achieves total revenues of EGP 2.1bn in 2016
The company achieves 40% growth and aims to allocate EGP 600m for purchasing lands in 2017
SODIC, Atletico Madrid Foundation to launch football academy in Sheikh Zayed
The academy will be launched in January 2017; company seeks to develop sports sector, says Sherif
Mubarak-era housing minister’s prison verdict upheld
Cassation Court upholds three-year imprisonment sentence against former housing minister Ibrahim Soliman
Real estate bubble does not exist in Egypt: developers
80% of lands are not developed and the growth in the sector is just 7%, says Rooya CFO
SODIC records net profit of EGP 97m in Q2 2016
New phases in both SODIC East and West projects to be launched in H2
SODIC targets 10% increase in net profits by year’s end
Eastown to generate up to 80% of the recurring income by 2020
EGX targets breaking last week’s resistance level of 7,650 points
The EGX kept moving upwards during last week, registering a 1.76% rise as it increased from 7,453.1 points to 7,618 points.
Despite a slight decrease in Q1 profits, SODIC is set for expansion and higher profits
SODIC announced the completion of a number of major projects, such as the Courtyard development and East Cairo projects, including Villette and Eastown
SODIC liquidity is EGP 2bn, EGP 700 allotted for acquiring new lands
Company’s total debts to NUCA for 2016 reached EGP 360m
Talaat Moustafa maintains top position in land portfolio ranking at 43.2m sqm
Almost all the rest of Talaat Moustafa’s land portfolio is acquired by the Rehab project
EFG-Hermes’ net profits in 2015 record EGP 461m, marking 4.7% growth
Policy to reduce expenses led to cutting down the investment bank’s total expenses by 3% compared to 2014
SODIC records 21% increase in net profit in 2015
Delivery of high-margin units, growth of cash collections account for growth
SODIC targets recurring revenue of EGP 250m over 4 years: CEO
New partnership with Heliopolis Holding to raise land portfolio to 6m sqm
SODIC and Heliopolis Housing sign Contract for Co-development of 655 acres in New Heliopolis
Minimum guaranteed revenues are estimated at approximately EGP 5.01bn to be paid over unequal annual instalments
RTVC to invest EGP 4bn in its Stella Di Mare II project
Sales of the projects are estimated to amount to EGP 5bn
SODIC registers EGP 224m profits
The company delivered 425 units across eight projects during the first nine month of 2015
SODIC wins 31 feddans land plot in 6th of October City
Total cost of land amounts to EGP 211m, to be paid over four years, says PR Director
SODIC’s 1H net profit hikes 25%
SODIC delivered 274 units across 8 projects in the first half of 2015, compared to 223 units in the same period last year
EFG Hermes net profits decline reaching EGP 359.1m in H1 2015
Investment bank’s unconsolidated financial statements show that losses have fallen by 38.8%