Sixth of October for Development and Investment "SODIC" E : SODIC announces distribution of FY2020 cash dividend of EGP 0.55 per share

News Release

Q2 2021

Cairo, Egypt | 23rd of May 2021

SODIC announces distribution of FY2020 cash dividend of EGP 0.55 per share

Cairo, Egypt, 23rd May 2021; Sixth of October Development & Investment Company "SODIC" announced the distribution of a cash dividend of EGP 0.55 per share with an ex-dividend date of 6th June 2021 and a payment date of 9th June 2021.

The dividend comes on the back of the company's continued strong performance in FY2020, and follows the distribution of cash dividends of EGP 0.55 per share for FY2019 and EGP 0.50 per share for FY2018.

The distribution of dividends for the third year in a row despite the uncertainty caused by the ongoing COVID19 pandemic is a testament to the confidence of the management in the future prospects of the company and the resilience of the sector, and demonstrates the company's commitment to have a sustainable distribution to shareholders backed by SODIC's liquid balance sheet, solid financial performance, and strong cash flows.

-End-

1 | SODIC

News Release

Shareholding Structure as at 28/04/2021

16%

39%

14%

10%

5% 7% 9%

ACT Financial Consortium

Olayan Saudi Investment Company

Abanumay Family

Ripplewood Advisors L.L.C.

RIMCO

Ekuity Holding

Others

News Release

Q2 2021

Cairo, Egypt | 23rd of May 2021

About SODIC

Building on a history of more than twenty five years of successful operations in Egypt, SODIC is one of the country's leading real estate development companies, bringing to the market award-winning large scale developments to meet Egypt's ever-growing need for high quality housing, commercial and retail spaces.

Headquartered in Cairo and listed on the Egyptian stock exchange (EGX) under OCDI.CA, SODIC is one of the few non-family owned companies traded on the EGX, with a strong corporate governance framework.

Forward Looking Statements

Statements contained in this document that are not historical facts are based on current expectations, estimates, projections, opinions and beliefs of SODIC. Such statements involve known and unknown risks, uncertainties and other factors; undue reliance should not be placed thereon. Certain information contained herein constitutes "targets" or "forward-looking statements," which can be identified by the use of forward-looking terminology such as "may," "will," "seek," "should," "expect," "anticipate," "project," "estimate," "intend," "continue" or "believe" or the negatives thereof or other variations thereon or comparable terminology. Actual events or results or the actual performance of SODIC may differ materially from those reflected or contemplated in such targets or forward- looking statements. The performance of SODIC is subject to risks and uncertainties. Various factors could cause actual results to differ materially from those expressed or implied by the forward-looking statements in this document including worldwide economic trends, the economic and political climate of Egypt, the Middle East and changes in business strategy and various other factors.

		SODIC Investor Relations
		Contact Information	Omar Nashaat
		Heba Makhlouf
		[e-mail]	[e-mail]
([phone]	([phone]
		IR website
		ir.sodic.com