Six of October Development & Investment (SODIC)
Rank: 36
Country: Egypt
Managing Director: Magued Sherif
Date of establishment: 1996
SODIC is a mixed-use developer with 10 large-scale developments across Cairo and the North Coast. ACT Financial Consortium and Olayan Saudi Investment Company are the company’s main shareholders, with 15% and 14% respectively. In October 2021, SODIC announced the signing of a long-term syndicated facility worth $100 million with the Arab African International Bank and Banque Misr to finance the company’s SODIC West development. The company recorded $1.6 billion in total assets as of H1 2021. In December 2021, Aldar-ADQ Consortium acquired 85.5% in Egypt-based property developer SODIC for $388 million.