Sixth of October for Development and Investment Co SODIC SAE 2021 AR2
The report highlights SODIC's exceptional operational and financial performance in 2021, achieving record-high gross contracted sales of EGP 11.4 billion, representing a 54% year-on-year growth. A major milestone was the acquisition of an 85.52% majority stake in SODIC by an Abu Dhabi investor consortium led by Aldar Properties and ADQ for EGP 6.1 billion. The company also successfully concluded its first securitization transaction of EGP 343 million. On the sustainability front, SODIC launched its dedicated sustainability function, continued its support for the UN Global Compact, and became the first company in Egypt to obtain the CIPS accreditation.
Company: Sixth of October for Development and Investment Co SODIC SAE
Sector: Financials
Country: Egypt
Year: 2021
Type: AR2
Pages: 119
Sixth of October for Development and Investment Co SODIC SAE
Annual Report
The report highlights SODIC's exceptional operational and financial performance in 2021, achieving record-high gross contracted sales of EGP 11.4 billion, representing a 54% year-on-year growth. A major milestone was the acquisition of an 85.52% majority stake in SODIC by an Abu Dhabi investor consortium led by Aldar Properties and ADQ for EGP 6.1 billion. The company also successfully concluded its first securitization transaction of EGP 343 million. On the sustainability front, SODIC launched its dedicated sustainability function, continued its support for the UN Global Compact, and became the first company in Egypt to obtain the CIPS accreditation.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Employees