{"id":323985,"date":"2021-11-24T10:41:07","date_gmt":"2021-11-24T10:41:07","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=323985"},"modified":"2021-11-24T10:41:07","modified_gmt":"2021-11-24T10:41:07","slug":"egypts-fra-approves-aldar-adq-consortiums-mto-to-acquire-sodic","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2021\/11\/24\/egypts-fra-approves-aldar-adq-consortiums-mto-to-acquire-sodic\/","title":{"rendered":"Egypt&#8217;s FRA approves Aldar-ADQ consortium&#8217;s MTO to acquire SODIC"},"content":{"rendered":"<p>The Egyptian Financial Regulatory Authority (FRA) has approved\u00a0a mandatory tender offer (MTO) submitted by a consortium of\u00a0Aldar Properties\u00a0and ADQ\u00a0to acquire\u00a0up to 90% and a minimum of 51% of the outstanding share capital of\u00a0Six of October Development and Investment\u00a0(SODIC).<\/p>\n<div id=\"Outstream\"><\/div>\n<p>SODIC&#8217;s shareholders have\u00a0a validity period\u00a0of ten working days in Egypt effective\u00a0Wednesday 24 November 2021 to respond to the MTO, according to a press release on Wednesday.<\/p>\n<p>The consortium, in which\u00a0Aldar owns 70%, has offered\u00a0a purchase price of EGP 20 per share, valuing Egypt-based\u00a0SODIC at EGP 7.1 billion\u00a0($453 million).<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Egyptian Financial Regulatory Authority (FRA) has approved\u00a0a mandatory tender offer (MTO) submitted by a consortium of\u00a0Aldar Properties\u00a0and ADQ\u00a0to acquire\u00a0up to 90% and a minimum of 51% of the outstanding share capital of\u00a0Six of October Development and Investment\u00a0(SODIC).<\/p>\n","protected":false},"author":4,"featured_media":321450,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[33,29],"tags":[],"class_list":["post-323985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-main","category-real-estates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Egypt&#039;s FRA approves Aldar-ADQ consortium&#039;s MTO to acquire SODIC - egy-africa<\/title>\n<meta name=\"description\" content=\"The Egyptian Financial Regulatory Authority (FRA) has approved\u00a0a mandatory tender offer (MTO) submitted by a consortium of\u00a0Aldar Properties\u00a0and ADQ\u00a0to acquire\u00a0up to 90% and a minimum of 51% of the outstanding share capital of\u00a0Six of October Development and Investment\u00a0(SODIC).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/egy-africa.com\/en\/2021\/11\/24\/egypts-fra-approves-aldar-adq-consortiums-mto-to-acquire-sodic\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt&#039;s FRA approves Aldar-ADQ consortium&#039;s MTO to acquire SODIC - egy-africa\" \/>\n<meta property=\"og:description\" content=\"The Egyptian Financial Regulatory Authority (FRA) has approved\u00a0a mandatory tender offer (MTO) submitted by a consortium of\u00a0Aldar Properties\u00a0and ADQ\u00a0to acquire\u00a0up to 90% and a minimum of 51% of the outstanding share capital of\u00a0Six of October Development and Investment\u00a0(SODIC).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/egy-africa.com\/en\/2021\/11\/24\/egypts-fra-approves-aldar-adq-consortiums-mto-to-acquire-sodic\/\" \/>\n<meta property=\"og:site_name\" content=\"egy-africa\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-24T10:41:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/03\/SODIC-9.jpg?fit=750%2C430&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"430\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aya Abdulghany\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aya Abdulghany\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/11\/24\/egypts-fra-approves-aldar-adq-consortiums-mto-to-acquire-sodic\/\",\"url\":\"https:\/\/egy-africa.com\/en\/2021\/11\/24\/egypts-fra-approves-aldar-adq-consortiums-mto-to-acquire-sodic\/\",\"name\":\"Egypt's FRA approves Aldar-ADQ consortium's MTO to acquire SODIC - egy-africa\",\"isPartOf\":{\"@id\":\"https:\/\/egy-africa.com\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/11\/24\/egypts-fra-approves-aldar-adq-consortiums-mto-to-acquire-sodic\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/11\/24\/egypts-fra-approves-aldar-adq-consortiums-mto-to-acquire-sodic\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/03\/SODIC-9.jpg?fit=750%2C430&ssl=1\",\"datePublished\":\"2021-11-24T10:41:07+00:00\",\"dateModified\":\"2021-11-24T10:41:07+00:00\",\"author\":{\"@id\":\"https:\/\/egy-africa.com\/en\/#\/schema\/person\/b6ceac9edb8a4f4971905ea65a568131\"},\"description\":\"The Egyptian Financial Regulatory Authority (FRA) has approved\u00a0a mandatory tender offer (MTO) submitted by a consortium of\u00a0Aldar Properties\u00a0and ADQ\u00a0to acquire\u00a0up to 90% and a minimum of 51% of the outstanding share capital of\u00a0Six of October Development and Investment\u00a0(SODIC).\",\"breadcrumb\":{\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/11\/24\/egypts-fra-approves-aldar-adq-consortiums-mto-to-acquire-sodic\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/egy-africa.com\/en\/2021\/11\/24\/egypts-fra-approves-aldar-adq-consortiums-mto-to-acquire-sodic\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/11\/24\/egypts-fra-approves-aldar-adq-consortiums-mto-to-acquire-sodic\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/03\/SODIC-9.jpg?fit=750%2C430&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/03\/SODIC-9.jpg?fit=750%2C430&ssl=1\",\"width\":750,\"height\":430},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/11\/24\/egypts-fra-approves-aldar-adq-consortiums-mto-to-acquire-sodic\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/egy-africa.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Egypt&#8217;s FRA approves Aldar-ADQ consortium&#8217;s MTO to acquire SODIC\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/egy-africa.com\/en\/#website\",\"url\":\"https:\/\/egy-africa.com\/en\/\",\"name\":\"egy-africa\",\"description\":\"Just another WordPress site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/egy-africa.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/egy-africa.com\/en\/#\/schema\/person\/b6ceac9edb8a4f4971905ea65a568131\",\"name\":\"Aya Abdulghany\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/egy-africa.com\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f3d34a871038964ff1f9085ae2941bc2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f3d34a871038964ff1f9085ae2941bc2?s=96&d=mm&r=g\",\"caption\":\"Aya Abdulghany\"},\"sameAs\":[\"http:\/\/egy-africa.com\",\"mohamed nour\"],\"url\":\"https:\/\/egy-africa.com\/en\/author\/aya-abdulghany\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Egypt's FRA approves Aldar-ADQ consortium's MTO to acquire SODIC - egy-africa","description":"The Egyptian Financial Regulatory Authority (FRA) has approved\u00a0a mandatory tender offer (MTO) submitted by a consortium of\u00a0Aldar Properties\u00a0and ADQ\u00a0to acquire\u00a0up to 90% and a minimum of 51% of the outstanding share capital of\u00a0Six of October Development and Investment\u00a0(SODIC).","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/egy-africa.com\/en\/2021\/11\/24\/egypts-fra-approves-aldar-adq-consortiums-mto-to-acquire-sodic\/","og_locale":"en_US","og_type":"article","og_title":"Egypt's FRA approves Aldar-ADQ consortium's MTO to acquire SODIC - egy-africa","og_description":"The Egyptian Financial Regulatory Authority (FRA) has approved\u00a0a mandatory tender offer (MTO) submitted by a consortium of\u00a0Aldar Properties\u00a0and ADQ\u00a0to acquire\u00a0up to 90% and a minimum of 51% of the outstanding share capital of\u00a0Six of October Development and Investment\u00a0(SODIC).","og_url":"https:\/\/egy-africa.com\/en\/2021\/11\/24\/egypts-fra-approves-aldar-adq-consortiums-mto-to-acquire-sodic\/","og_site_name":"egy-africa","article_published_time":"2021-11-24T10:41:07+00:00","og_image":[{"width":750,"height":430,"url":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/03\/SODIC-9.jpg?fit=750%2C430&ssl=1","type":"image\/jpeg"}],"author":"Aya Abdulghany","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Aya Abdulghany","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/egy-africa.com\/en\/2021\/11\/24\/egypts-fra-approves-aldar-adq-consortiums-mto-to-acquire-sodic\/","url":"https:\/\/egy-africa.com\/en\/2021\/11\/24\/egypts-fra-approves-aldar-adq-consortiums-mto-to-acquire-sodic\/","name":"Egypt's FRA approves Aldar-ADQ consortium's MTO to acquire SODIC - egy-africa","isPartOf":{"@id":"https:\/\/egy-africa.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/egy-africa.com\/en\/2021\/11\/24\/egypts-fra-approves-aldar-adq-consortiums-mto-to-acquire-sodic\/#primaryimage"},"image":{"@id":"https:\/\/egy-africa.com\/en\/2021\/11\/24\/egypts-fra-approves-aldar-adq-consortiums-mto-to-acquire-sodic\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/03\/SODIC-9.jpg?fit=750%2C430&ssl=1","datePublished":"2021-11-24T10:41:07+00:00","dateModified":"2021-11-24T10:41:07+00:00","author":{"@id":"https:\/\/egy-africa.com\/en\/#\/schema\/person\/b6ceac9edb8a4f4971905ea65a568131"},"description":"The Egyptian Financial Regulatory Authority (FRA) has approved\u00a0a mandatory tender offer (MTO) submitted by a consortium of\u00a0Aldar Properties\u00a0and ADQ\u00a0to acquire\u00a0up to 90% and a minimum of 51% of the outstanding share capital of\u00a0Six of October Development and Investment\u00a0(SODIC).","breadcrumb":{"@id":"https:\/\/egy-africa.com\/en\/2021\/11\/24\/egypts-fra-approves-aldar-adq-consortiums-mto-to-acquire-sodic\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/egy-africa.com\/en\/2021\/11\/24\/egypts-fra-approves-aldar-adq-consortiums-mto-to-acquire-sodic\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/egy-africa.com\/en\/2021\/11\/24\/egypts-fra-approves-aldar-adq-consortiums-mto-to-acquire-sodic\/#primaryimage","url":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/03\/SODIC-9.jpg?fit=750%2C430&ssl=1","contentUrl":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/03\/SODIC-9.jpg?fit=750%2C430&ssl=1","width":750,"height":430},{"@type":"BreadcrumbList","@id":"https:\/\/egy-africa.com\/en\/2021\/11\/24\/egypts-fra-approves-aldar-adq-consortiums-mto-to-acquire-sodic\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/egy-africa.com\/en\/"},{"@type":"ListItem","position":2,"name":"Egypt&#8217;s FRA approves Aldar-ADQ consortium&#8217;s MTO to acquire SODIC"}]},{"@type":"WebSite","@id":"https:\/\/egy-africa.com\/en\/#website","url":"https:\/\/egy-africa.com\/en\/","name":"egy-africa","description":"Just another WordPress site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/egy-africa.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/egy-africa.com\/en\/#\/schema\/person\/b6ceac9edb8a4f4971905ea65a568131","name":"Aya Abdulghany","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/egy-africa.com\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f3d34a871038964ff1f9085ae2941bc2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f3d34a871038964ff1f9085ae2941bc2?s=96&d=mm&r=g","caption":"Aya Abdulghany"},"sameAs":["http:\/\/egy-africa.com","mohamed nour"],"url":"https:\/\/egy-africa.com\/en\/author\/aya-abdulghany\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/03\/SODIC-9.jpg?fit=750%2C430&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pcF3XZ-1mhz","_links":{"self":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts\/323985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/comments?post=323985"}],"version-history":[{"count":1,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts\/323985\/revisions"}],"predecessor-version":[{"id":323986,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts\/323985\/revisions\/323986"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/media\/321450"}],"wp:attachment":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/media?parent=323985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/categories?post=323985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/tags?post=323985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}