On 25 October 2022, Orascom Development Egypt (S.A.E) (CASE:ORHD), Orascom Development Holding AG (SWX:ODHN)'s largest Egyptian subsidiary, announced that it had received a preliminary non-binding offer (NBO) from Sixth of October for Development and Investment Company "SODIC" (S.A.E.) (CASE:OCDI) for the acquisition of the entire share capital of Orascom Development Egypt's subsidiary Orascom for Real Estate S.A.E. (ORE), the owner of O West project. Orascom Development Egypt currently owns 70% of Orascom for Real Estate. On March 23, 2023, Orascom Development Holding announces that Orascom Development Egypt and SODIC have mutually decided to discontinue discussions on a potential acquisition of ORE and the O West project by SODIC.
Sixth of October for Development and Investment Company "SODIC" (S.A.E.)
Equities
OCDI
EGS65851C015
Real Estate Development & Operations
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
44.81 EGP | -7.89% | -7.61% | +99.42% |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
44.81 EGP | -7.89% | -7.61% | 333M | ||
10.38 EGP | -5.12% | -12.77% | 245M | ||
Quarterly revenue - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+99.42% | 333M | |
+36.16% | 27.94B | |
-13.74% | 26.97B | |
+25.00% | 26.95B | |
-0.71% | 25.32B | |
+44.49% | 22.58B | |
+2.78% | 19.59B | |
+1.45% | 19.52B | |
+28.54% | 16.23B | |
-14.80% | 14.98B |
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- News Sixth of October for Development and Investment Company "SODIC" (S.A.E.)
- Orascom Development Egypt and SODIC Mutually Decide to Discontinue Discussions on Potential Acquisition of Orascom for Real Estate