Top 50 Listed Companies
In Egypt 2022

27. Six Of October Development & Investment (SODIC)

Sector: Real Estate & Construction

Managing Director : Magued Sherif

Market value: $226 million

Sales: $372 million

Profits: $47 million

Assets: $1.4 billion

SODIC is a mixed-use developer with a land bank of 16 million sqms. In December 2021, Aldar Properties and ADQ acquired 85.5% of SODIC for $386.8 million. SODIC recorded gross contracted sales of $621 million in 2021, an increase of 54% compared to 2020. The company has signed a long-term syndicated facility with Arab African International and Banque Misr for $86 million to finance SODIC West in West Cairo. In July 2021, SODIC closed its first securitization bond issuance for a gross receivable portfolio of $19 million.