#Sodic

Abu Dhabi’s Aldar-ADQ consortium offers to purchase up to 90% stake in Egypt’s SODIC

The consortium is offering a purchase price of EGP20 per share, valuing the company at $453m

Abu Dhabi’s Aldar considering more deals in Egypt real estate

The developer may invest between $1bn to $1.5bn in the next 12- to 18 months on acquisitions abroad and at home

Aldar offers to buy stake in Egypt’s Sodic; shares climb

The offer values the Egyptian property developer at about $420m