The report emphasized the significance of supporting the secondary market for the new generation and underscored the importance of implementing a well-designed mortgage system to manage resale risks effectively
SODIC aims to fully acquire the company from parent company Orascom Development Egypt, according to a statement to the Egyptian Exchange (EGX) today
In a separate interview with Al Arabiya, Sherif mentioned that Aldar Properties, which owns the majority stake of SODIC, has a strategy to expand in Egypt that includes new acquisitions
In a shareholder meeting during a general assembly yesterday, a majority of shareholders vetoed SODIC’s request to begin due diligence
However, MNHD’s board of directors added that it would reassess its decision if SODIC submits an offer that matches the company’s fair value
