ArabFinance: The Egyptian Exchanges (EGX) concerned committee approved listing Six of October Development and Investments (SODIC) capital increase shares, according to EGX disclosure.
SODIC increased its issued and paid-in capital by EGP 28,073,984 to EGP 1,424,789,472, financed from a specific reserve.
Pharos Holding sets the fair value of the SODICs share at EGP 16.77 with overweight recommendations, according to the recent research note.
Established in 1996 and listed on EGX in 1998, SODIC operates within the real estate sector, focusing on development projects and operations.
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