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SODIC subsidiary secures EGP950m loan

: Monday, July 07 - 2014 @ 03:40

Egyptian real estate developer, Six of October Development & Investment (SODIC) has said it wholly-owned subsidiary, SOREAL for Real Estate Development has signed a contract for a medium term loan worth EGP950m with Arab African International Bank (AAIB), Arab Finance has reported. The loan will be used to finance a part of the cost for a planned project on a 301-feddan land plot, which the company recently acquired, SODIC said.

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Monday, July 7- 2014 @ 3:40 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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