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Abu Dhabi's Aldar bids for Egyptian developer Sodic

SHARE Aldar Properties, the UAE’s biggest listed developer, is looking to buy a majority stake in Egypt’s Sixth of October for Development and Investment Company (Sodic). The Abu Dhabi-based developer is leading a consortium that submitted a non-binding offer of 18-19 Egyptian pounds per share, valuing Sodic at 6.6 billion Egyptian pounds ($421 million) at its mid-point, it said in a statement to the Abu Dhabi Securities Exchange, where its shares trade. The offer is a 14 per cent premium o...
Al Qahirah Abu Dhabi Abuz Aby United Arab Emirates Kattameya Plaza Aldar Properties

Sodic, Mobica to introduce new office concept Work-Plex

Sodic, Mobica to introduce new office concept Work-Plex CAIRO, December 16, 2020 Leading Egyptian real estate developer Sodic has joined forces with Mobica, one of the largest office furniture manufacturers in the Mena region, to introduce Work-Plex, a new office concept into the regional market.   A family-owned private limited company, Mobica was founded in 1979 with a vision to transform the office furniture industry in Egypt. It has since grown its purpose to supporting customers in all...
Al Qahirah Magued Sherif Mohammed Farouk Abdelmoniem Tradearabia News Service Managing Director Magued Farouk Abdelmoniem

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