The property firm said its investment in SODIC was one of the largest foreign investments in the Egyptian real estate sector
The developer said its revenue backlog hit a record Dhs18.8bn, which provides visibility over the next two to three years
The consortium is offering a purchase price of EGP20 per share, valuing the company at $453m
The developer may invest between $1bn to $1.5bn in the next 12- to 18 months on acquisitions abroad and at home
The offer values the Egyptian property developer at about $420m