Sixth of October Dev & Investment


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Next Event

Q4 2019 Sixth of October Development and Investment Co SAE Earnings Release

Latest Developments


Egypt's SODIC Q3 Profit Falls

Egypt's Sodic Launches Sales Of Units In The Estates Project

Egypt's Sodic Gets Approval From NUCA On Al Yosr Land Master Plan


About Sixth of October Dev & Investment

Sixth of October Development and Investment Company SAE (SODIC) is an Egypt-based company engaged in real estate development projects and operations. The Company is specialized in lands acquisition and subdivision for the purpose of properties development, selling or leasing; construction and integrated construction activities and operations as well as other supplementary works; building, selling and leasing all various kinds of real estate properties; urban communities development; working in the field of tourist development and in all tourist establishments field including building , managing , selling or utilizing hotels, motels, restaurants and tourist villages, as well as sporting, entertainment, medical and educational buildings. The Company’s subsidiaries include, among others, SODIC Real Estate Services Company, Sixth of October for Development & Real Estate Projects and Move-In for Advanced Contracting Co SAE.


Real Estate Operations

Contact Info

Km 38 Cairo-Alexandria Desert Road


Executive Leadership

Hani Mohammed Salah Sarie El Din

Non-Executive Chairman of the Board

Omar Mahmoud Raafat Al Hamawy

Chief Financial Officer, Executive Member of the Board, representing SODIC for Development and Real Estate Investment

Hani Henry Qostandi

Finance and Administration Manager

Hisham Salah

Chief Information Officer

Hazem Al Tawil

Chief Planning and Compliance Officer

Key Stats

1.60 mean rating - 5 analysts
Revenue (MM, EGP)
















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Latest News

Latest News

Deals of the day-Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

UPDATE 1-Egypt's SODIC interested in Heliopolis Housing stake - CEO

Egyptian property developer Sixth of October Development and Investment Co (SODIC) is interested in buying a 10% stake in state-controlled Heliopolis Housing, its CEO said on Thursday.

Egypt's SODIC interested in a stake in Heliopolis Housing - CEO

Egyptian property developer SODIC is interested in buying a 10% stake that state-controlled Heliopolis Housing is due to offer in the coming months, its CEO said on Thursday.

MIDEAST STOCKS-Egyptian blue chips surge on inflation beat, robust earnings

* Egypt's blue chips see strongest day in six months * SODIC surges on strong Q2 results * EFG Hermes rises on higher Q2 profit * Saudi Investment Bank plunges after swinging to Q2 loss * Air Arabia climbs on Q2 profit surge By Shakeel Ahmad and Maqsood alam Aug 8 (Reuters...

MIDEAST STOCKS-Saudi leads Gulf lower after attacks on tankers

* 10 of 12 Saudi banks drop * Saudi ends five days of gains * 22 of 23 Dubai stocks slide * Real estate shares lift Egypt By Ateeq Shariff June 13 (Reuters) - The Saudi Arabian stock market snapped a five-day winning streak as attacks on tankers in the Gulf of Oman dampened...

MIDEAST STOCKS-Saudi slides on blue-chip weakness, Egypt hit by sell-off

* Zahrat Al Waha , Leejam Sports fall after trading ex-dividend * U.S.-Iran tensions weigh on Saudi sentiment - analyst * SODIC posts standalone net loss in Q1 By Karina Dsouza May 20 (Reuters) - Saudi Arabia's stock market slipped on Monday as investors cut positions in...

MIDEAST STOCKS-Saudi hit by profit-taking, financials drag major Gulf markets

* Seera Group tumbles on lower Q1 net-profit * 24 of 30 stocks on Egypt's index fall * Egypt's El Sewedy, SODIC slide on trading ex-dividend * Dubai's RAK Properties drops after Q1 results By Karina Dsouza and Abinaya Vijayaraghavan May 6 (Reuters) - Saudi Arabia's stock...

MIDEAST STOCKS-Saudi near-4 year high days after entering FTSE Russell index

* Saudi index hits highest level since Aug 2015 * Al Ahsa Development rises on merger update * Barwa Real Estate slides on going ex-dividend * Egypt's SODIC gains after government contract By Shakeel Ahmad March 21 (Reuters) - All of Saudi Arabia's banks rose on Thursday...

MIDEAST STOCKS-Global rally boosts most of Gulf, banks lift Saudi

* Saudi's Medgulf jumps after CEO appointment * Al Hokair Group plunges on FY loss * Qatar snaps five-day losing streak * Egypt's SODIC enjoys best day in 11 months By Shakeel Ahmad March 12 (Reuters) - Most major Gulf markets rose on Tuesday, lifted by financial and real...

MIDEAST STOCKS-Most Gulf markets fall, Egypt lifted by blue-chips

* 10 out of 11 banks slide in Saudi * Saudi International drops after merger update * Qatar Electricity, Doha Bank push Qatar to 5-month low * Egypt's SODIC gains on dividend declaration By Abinaya Vijayaraghavan and Ateeq Shariff March 7 (Reuters) - Most major Gulf markets...

Egypt shares jump 4.6 pct this week on expectations of a rate cut

Expectations that Egypt would cut interest rates and improved performance across emerging markets pushed up the country's stocks 4.6 percent this week, with some analysts expecting the trend to continue in coming weeks.

MIDEAST STOCKS-Banks pressure Saudi, Global Telecom leads Egypt gains

* GTH surges to six-month high * IHC continues to gain on PAL Cooling acquisition talk * 10 of 11 Saudi banks slide * Saudi's Amana jumps on capital increase approval By Ateeq Shariff Jan 29 (Reuters) - Saudi Arabia's stock market fell on Tuesday as most of its bank shares...

Deals of the day-Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday:

MIDEAST STOCKS-Financials lift Dubai, most major Gulf markets gain

* Dubai breaks three day losing streak * Nasdaq-listed DP World gains after stake purchase * 9 of 10 banks rise in Saudi * Egypt exchange resets SODIC, MNHD after merger called off By Ateeq Shariff Jan 23 (Reuters) - The Dubai stock market snapped a three day losing streak...

UPDATE 1-Egypt bourse resets SODIC, MNHD prices after merger called off

The Egyptian Exchange on Wednesday cancelled all transactions made the previous day in local firms Sixth of October Development and Investment Company (SODIC) and Madinet Nasr for Housing and Development (MNHD) .

Shares of Egypt's SODIC, MNHD suspended after merger called off

Egypt's stock exchange suspended trading on Wednesday in the Sixth of October Development and Investment Company (SODIC) and Madinet Nasr for Housing and Development (MNHD) after the two firms called off a planned merger.

UPDATE 1-Egypt's MNHD calls off planned merger with SODIC -document

Egypt's Madinet Nasr for Housing and Development (MNHD) has called off a planned merger with the Sixth of October Development and Investment Company (SODIC), according to a document seen by Reuters on Tuesday.

Egypt's MNHD calls off planned share-swap with SODIC - document

Egypt's Madinet Nasr for Housing and Development (MNDH) has called off a planned merger via a share-swap with the Sixth of October Development and Investment Company (SODIC), according to a document seen by Reuters on Tuesday.

MIDEAST STOCKS-Banks propel Egypt gain, Dubai recoups some losses

Egypt's blue-chip index continued to gain on Tuesday after enjoying its biggest one-day gain in two years in the last session, while Dubai recovered partially from five-year lows, lifted by gains in real estate shares.

MIDEAST STOCKS-Egypt enjoys best day in two years, oil pressures Gulf

Egypt's blue-chip index rose on Monday for its biggest one-day gain in two years, after the country's annual inflation dipped. Real estate continued to weigh on Dubai.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.