Thursday 27/November/2025 – 11:00 am
On November 26, 2025, Banque Misr signed a revolving credit facility with the Sixth of October Development and Investment Company “SODIC” with a total value of 3 billion pounds, with a period of up to four years.
Banque Misr signs with SODIC a revolving credit facility contract worth 3 billion pounds
The signing was attended by Hisham Okasha, CEO of Banque Misr, Engineer Ayman Amer, General Manager of SODIC Group, Amr Demerdash, Head of the Corporate Credit and Syndicated Loans Sector at Banque Misr, and a distinguished group of leaders from Banque Misr and SODIC. This credit facility will give SODIC more financial flexibility and the necessary resources to manage its various ongoing operations.
Hisham Okasha, CEO of Banque Misr, said that this financing represents a distinguished model of effective partnership between Banque Misr and the real estate sector, as the bank aims through this participation to enable real estate developers to implement high-quality projects and provide integrated urban communities, as the bank attaches special importance to supporting real estate development companies and is keen to support and support real estate developers to revitalize the Egyptian real estate market and increase investment opportunities, and this comes in line with the state’s plan for urban development within Egypt’s Vision 2030.
Hisham Okasha stressed that this financing comes within the framework of Banque Misr’s pioneering role in supporting the Egyptian economy, as the real estate sector is one of the most important sectors influencing the national economy due to its connection to a large group of industries and intermediate activities, which the bank is keen to finance to provide more job opportunities in various specializations in a way that practically serves development plans.
On this occasion, Engineer Ayman Amer commented, saying: “Our cooperation with Banque Misr, one of the leading banks in Egypt, in this strategic credit facility, confirms the strength of SODIC’s financial position and the strength of its cash flows and budget.
This agreement represents clear evidence of the amount of trust that we have succeeded in building with our banking partners, and it also reflects their confidence in SODIC’s ability to always fulfill its obligations. We look forward to continuing cooperation with Banque Misr to support SODIC’s growth and future expansion.”
Engineer Ayman Amer also indicated that this credit facility comes in line with SODIC’s strategy to increase its financial leverage carefully and carefully to enhance its financial returns. This signing is also considered a practical testimony to the strong financial performance enjoyed by the company, its large cash flows, and the liquidity of its financial position. It is worth noting that SODIC’s financial leverage is still low, as the balance of total outstanding bank debts recorded 5.98 billion pounds on September 30, bringing the ratio of debt to equity to the level of 0.43x.
Banque Misr always strives to provide innovative banking solutions to provide banking and financial services in an easy and advanced manner to customers. The bank works to enhance the excellence of its services, maintain its long-term success, and actively participate in services that meet the needs of its customers. The bank’s business values and strategies reflect its commitment to sustainable development and prosperity for Egypt.
