SectionEgypt overview
SODIC (Sixth of October Development & Investment) (OCDI)
Developer of gated communities in west and east Cairo and on the North Coast.
TickerOCDI
ExchangeEGX
SectorReal estate
CurrencyEGP
About SODIC
SODIC, the Sixth of October Development and Investment Company, is a leading Egyptian residential developer, with communities in west Cairo, east Cairo and on the North Coast.
In 2021 a consortium led by Abu Dhabi's Aldar Properties and ADQ acquired a majority stake in the company, making it part of a wider regional group.
As with other developers, sales, collections and construction costs drive its results, and demand for property tends to rise when Egyptians look for protection against inflation.