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
“We are in a number of discussions with various parties about expanding our land portfolio,” according to Al Dhiyebi
Aldar aims to purchase 90% of SODIC’s shares, around 320.6 million shares, at a price of EGP 20 per share, totaling at around EGP 6.4 billion
