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FINANCIAL NEWS
Egypt’s SODIC and Helioplois sign deal for Co-development
05 Mar 2016
(MENAFN) Sixth of Oct Development Co. (SODIC) and Helioplois Development Housing signed the co-development deal for 655 acres in New Heliopolis.
Furthermore, the contract includes SODIC with privilege of 70 percent of the residential units incomes while Heliopolis will be to the remaining 30 percent.
In addition, the minimum guaranteed incomes are estimated at almost USD 0.63bn to be paid over unequal annual installments, as stated.
On the other hand, the projects whole revenues are estimated to be USD 3.86bn, which is planned to be developed over 10 years.
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BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
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02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
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