Six of October Development & Investment (SODIC)
EEGX:OCDI24.53
EGP
-1.69
(-6.45%)
Six of October Development & Investment (SODIC)
EGX:OCDI
(Egyptian Exchange)
Recent
price
24.53
P/E
ratio
7.94
div
yld
- -
ROIC.AI
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- Business
- Six of October Development and Investment Company S.A.E. (SODIC) is an Egypt-based real estate development and investment company engaged in the acquisition, master planning, development, and asset management of large-scale residential, commercial, retail, hospitality, and mixed-use properties. Founded in 1996 and headquartered in Sheikh Zayed City, Giza, Egypt, the company operates as a key real estate development subsidiary of a majority-owning consortium comprising UAE-based Aldar Properties PJSC and ADQ. SODIC develops premium integrated urban communities primarily targeting upscale and high-net-worth individual buyers as well as institutional commercial tenants across Greater Cairo and the Mediterranean North Coast. The company organizes its operations across diversified real estate segments and offers a comprehensive range of products and services: Residential Real Estate, comprising luxury standalone villas, twin houses, townhouses, duplexes, penthouses, and multi-family apartments developed within integrated lifestyle communities, including flagship developments such as SODIC West, Allegria, Karmell, VYE, The Estates, Villette, Eastown, Sky Condos, Caesar, June, and Ogami; Commercial and Office Properties, providing Grade-A corporate office buildings, business parks, and administrative hubs, including The Polygon and Eastown District New Cairo (EDNC); Retail and Entertainment Destinations, encompassing open-air shopping centers, lifestyle complexes, food and beverage plazas, and neighborhood retail strips such as Westown Hub and Strip; Hospitality and Branded Residences, including luxury boutique hotels, branded residences, and serviced hotel apartments developed in collaboration with global hospitality operators; Leisure and Community Amenities, encompassing private sports clubs, wellness centers, and social recreational facilities operated under the proprietary Club S brand; and Asset Management and Community Services, offering master-community maintenance, property management, leasing, facility management, and customer lifecycle support. In recent developments, SODIC has accelerated its expansion into luxury lifestyle hospitality and prime coastal real estate while leveraging operational and capital synergies with Aldar Properties. The company entered into a landmark strategic alliance with Nobu Hospitality to develop Nobu-branded luxury hotels, signature restaurants, and upscale residences within SODIC West in Greater Cairo and along Egypt's North Coast. SODIC further broadened its hospitality footprint by partnering with Marriott International to introduce Tribute Portfolio-branded hotels within its master-planned mixed-use communities. In coastal development, the company launched Ogami, a master-planned luxury resort spanning over 440 acres in the Ras El Hekma region on the North Coast, while expanding its prime land bank and releasing new phases within New Zayed, including The Estates Residences. SODIC continues to scale its portfolio of recurring-revenue commercial, retail, and hospitality assets to drive long-term recurring cash flow and strengthen its regional market presence.