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Will Aldar Properties Abu Dhabi take over Sodic?

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Will Aldar Properties Abu Dhabi take over Sodic?

Aldar Properties – based in Abu Dhabi- is halfway through its process on an offer to buy a majority stake in Egypt’s Sixth of October for Development & Investment (SODIC). Earlier this year, Aldar submitted an introductory non-binding offer to buy a minimum of 51 percent stake in Sodic . The deal values the Egyptian company at about $420m. Aldar has been looking to expand abroad as it faces limited growth prospects in the United Arab Emirates. It is also looking for additional opportunities in Egypt, the Arab world’s most populous country.

The offer for the Egyptian developer, known as Sodic, is but one of several opportunities Aldar Properties is looking at in Egypt. The Non-Egyptian developer thinks it’s one of the most lucrative and attractive real estate markets in the Middle East.

Learn More

For the latest updates on Sodic, reach out to us on #AskNawy  or call us on +201022088888

Moreover, if you wish to know more about what’s available in the real estate market, you can visit our website Nawy. Take a look at our wide selection of exclusive homes!

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