SODIC signs EGP 3 billion Revolving Facility with Banque Misr

Sixth of October Development & Investment Company “SODIC” signed a Revolving Facility with Banque Misr (BM) for a total amount of up to EGP 3 billion with a tenor of four years.

The newly secured Revolving Facility represents a strategic financial instrument for SODIC, designed to provide the company with the flexibility to utilize funds in diverse ongoing operations, contributing to the seamless execution of construction schedules and SODIC’s overall operational agility. 

The signing ceremony was attended by Eng. Ayman Amer, SODIC’s Group General Manager, Mr. Hisham Okasha, CEO of Banque Misr, and Mr. Amr Demerdash, Head-Corporate Banking & Syndicated Loans of Banque Misr, and senior members from SODIC and Banque Misr.

Commenting on the signing, Eng. Ayman Amer, said: "Partnering again with Banque Misr, one of Egypt’s leading banks and a longstanding partner, underscores SODIC’s strong financial position, robust cash flows, and healthy balance sheet. This agreement is a testament to the trust we have built with our banking partners and reflects their confidence in SODIC’s ability to consistently deliver on its commitments. We look forward to continuing our collaboration with Banque Misr in supporting SODIC’s growth endeavors.”

Eng. Ayman Amer added that the announcement comes in line with SODIC’s strategy to prudently increase its leverage to enhance returns. The signing also comes as a testament to SODIC’s solid financial performance, strong cash flows, and liquid balance sheet, availing access to finance from Egypt’s leading banks. SODIC’s leverage remains low, with EGP 5.98 billion of debt outstanding as of 30 September 2025, reflecting a debt-to-equity ratio of 0.43x.

Mr. Hisham Okasha, CEO of Banque Misr, praised the signing stating that this financing represents a collaboration between Banque Misr and Real Estate Sector, enabling Real Estate developers to Executing high-quality projects and providing integrated urban communities through increasing investment opportunities which is line with the state's urban development plan within Egypt's Vision 2030.

Mr. Hisham Okasha affirmed that this financing comes within Banque Misr’s leading role in supporting the Egyptian economy. He emphasized that the real estate sector is one of the most influential sectors in the national economy due to its strong linkage with a wide range of supporting industries and intermediary activities. He added that the bank is keen to finance these sectors to help create more job opportunities across various specialties, thereby practically contributing to the country’s development plans.