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EGX executes block trading on SODIC shares

EGX executes block trading on SODIC shares

ArabFinance:  The Egyptian Stock Exchange (EGX) announced the execution of block trading deal on 17,018,717 shares of Six of October Development & Investment’s (SODIC) (OCDI) capital worth EGP 40,504,546.

The company achieved a consolidated net profit of EGP 721,244,755 in 2019, compared to net profits of EGP 450,956,602 in the same period a year ago, taking into account the minority rights.

Moreover, it posted a standalone net profit of EGP 195,131,603, against incurring net losses of EGP 193,497,109 in the same period last year.

In February, SODIC and L’Institut Français d’Égypte celebrated the official opening of the institute’s branch in SODIC West at Tanweer Cultural Centre.

The new “Centre” is the only presence for the Institute in West Cairo and comes as part of the French institute’s plan to address the growing demand for French language lessons in West Cairo.

Established in 1996 and listed in 1998, SODIC operates within the Real Estate sector focusing on Real Estate Development.

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