Last month, Aldar Properties had made an offer to acquire a51 percent stake in SODIC, according to a Zawya report. The offer, which valued SODIC at 6.6 billion Egyptian pounds, will be implemented by a consortium controlled by Aldar.
(Writing by Marwa Abo Almajd; Editing by Anoop Menon)
Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.