WebDec 20, 2024 · Clifford Chance has advised Aldar Properties PJSC in connection with the acquisition of 85.52% of the outstanding share capital of The Sixth of October for Development and Investment S.A.E. (SODIC) following a successful mandatory tender offer submitted by an Aldar-ADQ consortium. WebMar 31, 2024 · Aldar, which developed the Ferrari World theme park, is the largest real estate developer in the emirate. It made an offer earlier this month to buy a stake in Egyptian developer Sodic for about ...
Aldar, ADQ are now SODIC’s majority shareholders Enterprise
WebFeb 10, 2024 · He didn’t mention specific acquisition targets but said that the company is focused on these three markets. Aldar now = SODIC: Aldar joined up with Abu Dhabi sovereign wealth fund ADQ to acquire a 85.5% stake in leading Egyptian real estate developer SODIC last year for EGP 6.1 bn. WebDec 16, 2024 · Abu Dhabi, UAE: A consortium comprising Aldar Properties (“Aldar”) and ADQ today announced the successful completion of its acquisition of approximately 85.52% of the outstanding share capital of The Sixth of October for Development and Investment S.A.E. (“SODIC” or “the Company”) (EGX: OCDI.CA). On 14 December 2024, … cd85 offre emploi
Aldar Offers to Buy Stake in Egypt’s Sodic; Shares Climb
WebJul 26, 2024 · Abu Dhabi-listed Aldar Properties has received approval from The Egyptian Financial Regulatory Authority (FRA) for an extension of its deadline to present a mandatory tender offer for the acquisition of The Sixth of October Development and Investment Company (SODIC).. Aldar receives deadline extension to submit Sodic’s acquisition … WebNov 23, 2024 · Aldar-ADQ bid for SODIC is one step closer to materializing after getting regulatory green light: The UAE’s Aldar Properties and sovereign wealth fund ADQ’s bid … WebDec 8, 2024 · After studying the market, SODIC emerged as our desired entry-partner and is a natural commercial fit for Aldar,” Aldar CEO Talal Al Dhiyebi said. SODIC is happy with the acquisition: “The transaction provides SODIC’s shareholders with immediate and substantial cash value reflecting the company’s solid financial position and strong ... butch pedersen west branch