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India

Sixth of October Development and Investment Co SAE (OCDI.CA)

OCDI.CA on The Egyptian Exchange

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21 Sep 2019
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Latest Key Developments (Source: Significant Developments)

Egypt's Sodic Gets Approval From NUCA On Al Yosr Land Master Plan
Wednesday, 28 Aug 2019 

Aug 28 (Reuters) - SIXTH OF OCTOBER DEVELOPMENT AND INVESTMENT CO ::RECEIVES APPROVAL ON AL YOSR LAND MASTER PLAN PAVING WAY FOR LAUNCH OF ITS SIGNATURE DEVELOPMENT "THE ESTATES".UNIT RECEIVED APPROVAL ON MASTER PLAN SUBMITTED TO THE NEW URBAN COMMUNITIES AUTHORITY (NUCA).THIS DEVELOPMENT PAVES WAY FOR LAUNCH OF SIGNATURE DEVELOPMENT "THE ESTATES" DURING Q4, 2019.TOTAL SALES EXPECTED TO EXCEED EGP 7 BILLION OVER A PERIOD OF 8 YEARS.  Full Article

Egypt's Sodic Posts H1 Standalone Loss
Thursday, 8 Aug 2019 

Aug 8 (Reuters) - SIXTH OF OCTOBER DEVELOPMENT AND INVESTMENT CO ::H1 STANDALONE NET LOSS EGP 39.8 MILLION VERSUS PROFIT OF EGP 106.8 MILLION YEAR AGO.  Full Article

Egypt's Sodic Q2 Consol Profit Rises
Thursday, 8 Aug 2019 

Aug 8 (Reuters) - SIXTH OF OCTOBER DEVELOPMENT AND INVESTMENT CO ::H1 CONSOL NET PROFIT EGP 337.9 MILLION VERSUS EGP 374.1 MILLION YEAR AGO.Q2 CONSOL NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS EGP 175 MILLION VERSUS EGP 161.1 MILLION YEAR AGO.Q2 CONSOL TOTAL REVENUE EGP 1.08 BILLION VERSUS EGP 538.1 MILLION YEAR AGO.  Full Article

Egypt's Sodic Q1 Consol Profit Falls
Sunday, 19 May 2019 

May 19 (Reuters) - SIXTH OF OCTOBER DEVELOPMENT AND INVESTMENT CO ::Q1 CONSOL NET PROFIT 162 MILLION VERSUS EGP 212.1 MILLION YEAR AGO.Q1 CONSOL TOTAL REVENUE EGP 941.2 MILLION VERSUS EGP 512.1 MILLION YEAR AGO.  Full Article

Egypt's Sodic Signs Contract With NUCA For 500 Feddan Land
Thursday, 21 Mar 2019 

March 21 (Reuters) - SIXTH OF OCTOBER DEVELOPMENT AND INVESTMENT CO ::UPDATES ON 500 FEDDAN LAND AWARDED TO CO BY NUCA FOR ESTABLISHMENT OF AN INTEGRATED URBAN PROJECT.CONTRACT HAS BEEN SIGNED WITH NUCA RELATED TO AWARDED LAND.EXPECTED CONTRACTUAL VALUE FOR PROJECT TO BE BUILT ON 500 FEDDAN LAND ABOUT EGP 43 BILLION.SAYS NUCA WILL GET UPTO EGP 15.3 BILLION OVER 11 YEARS OUT OF CONTRACTUAL VALUE.SAYS PROJECT OT BE FLOATED IN Q4 2019.  Full Article

Egypt's Madinet Nasr Says Unable To Finalize Talks On Sodic Offer
Wednesday, 23 Jan 2019 

Jan 23 (Reuters) - MADINET NASR FOR HOUSING AND DEVELOPMENT ::BOARD UNABLE TO FINALIZE DISCUSSION ON SODIC OFFER TO BUY COMPANY.NO AGREEMENT REACHED ON SWAP FACTOR.  Full Article

Egypt's Madinet Nasr Updates On Sodic's Potential Acquistion Of Co
Sunday, 13 Jan 2019 

Jan 13 (Reuters) - MADINET NASR FOR HOUSING AND DEVELOPMENT ::UPDATES ON SODIC'S POTENTIAL ACQUISTION OF CO.SAYS FRA APPROVES UPTO 60 DAYS EXTENSION FOR SODIC TO COMPLETE DUE DILIGENCE AND FAIR VALUE STUDY.  Full Article

Egypt's SODIC Receives Award Letter For 500 Acre Plot In West Cairo
Monday, 17 Sep 2018 

Sept 17 (Reuters) - SIXTH OF OCTOBER DEVELOPMENT AND INVESTMENT CO ::RECEIVES AWARD LETTER FOR 500 ACRE PLOT IN WEST CAIRO EXPANDING ITS UNDEVELOPED LAND BANK TO A TOTAL OF 8 MILLION SQUARE METERS.SAYS PROJECT IS EXPECTED TO COMPRISE OVER 5,000 UNITS GENERATING AN ESTIMATED TOTAL SALES OF CIRCA EGP 43 BILLION OVER A PERIOD OF EIGHT YEARS.NUCA TO GET 14.2 BILLION OVER 11 YEARS OF WHICH EGP 8.5 BILLION ARE FIXED INSTALLMENTS ,IN ADDITION TO 15% OF ANNUAL COLLECTIONS.SAYS PROJECTED PAYMENTS IMPLY A LAND COST PER SQM OF EGP 2,300 ON A NET PRESENT VALUE BASIS DISCOUNTED AT 16 PERCENT.EXPECTS TO GENERATE SALES OF SOME EGP 150 BILLION OVER THE COMING 11 YEARS.  Full Article

Egypt's Sodic Q2 Consol Profit Rises
Wednesday, 15 Aug 2018 

Aug 15 (Reuters) - SIXTH OF OCTOBER DEVELOPMENT AND INVESTMENT CO ::Q2 CONSOL NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS EGP 161.1 MILLION VERSUS EGP 129.8 MILLION YEAR AGO.Q2 CONSOL TOTAL REVENUE EGP 538.1 MILLION VERSUS EGP 469.9 MILLION YEAR AGO.H1 CONSOL NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS EGP 372.9 MILLION VERSUS EGP 340.5 MILLION YEAR AGO.H1 CONSOL TOTAL REVENUE EGP 1.05 BILLION VERSUS EGP 1.17 BILLION YEAR AGO.  Full Article

Sodic, Madinet Nasr Appoint Advisers for Merger/Acquisition
Sunday, 20 May 2018 

May 20 (Reuters) - SIXTH OF OCTOBER DEVELOPMENT AND INVESTMENT CO ::UPDATES ON POSSIBLE COOPERATION BETWEEN CO AND MADINET NASR BY WAY OF MERGER OR ACQUISITION.EFG HERMES AND ZAKI HASHEM & PARTNERS, ATTORNEYS AT LAW, HAVE BEEN APPOINTED AS ADVISORS TO MNHD.APPOINTS CI CAPITAL AND MHR & PARTNERS (WHITE & CASE) AS ADVISORS.  Full Article