SODIC
SODIC is an Egyptian real estate developer listed on the Egyptian Exchange as OCDI, majority owned since 2021 by an Aldar and ADQ consortium.
Industry: Real estate development | Location: Egypt | Founded: 1996
About SODIC
SODIC is an Egyptian real estate developer that builds mixed-use communities in West Cairo, East Cairo and on the North Coast. Its website, which gives 1996 as the founding year, says its communities are home to more than 30,000 residents and that 91 percent of its deliveries have come ahead of schedule.
The company has been listed on the Egyptian Exchange since its inception under the ticker OCDI. Its website says an Aldar and ADQ consortium acquired an 85.5 percent stake in 2021. The board has eleven members. Talal Al Dhiyebi is non-executive chairman, Osama Saleh is non-executive deputy chairman and Fahd Abdulla AlMahmood is executive deputy chairman. Ayman Amer, who is described as Group General Manager in 2026 results coverage, speaks for the company on its results.
Its developments on the North Coast are Caesar, June and Ogami, in East Cairo SODIC East, Eastvale and V Residences, and in West Cairo the SODIC Medical District, SODIC New Zayed and The Estates Residences. Earlier projects include Allegria, Forty West, October Plaza, The Polygon, which houses its headquarters, and Westown Hub. SODIC West covers 1,500 acres in Sheikh Zayed.
Its news page records an agreement with MIDAR for a community in MADA in October 2025, the opening of Nobu North Coast at Ogami in August 2025, and early deliveries at June and VYE in mid-2025.
For 2024 the company reported gross contracted sales of EGP 50.3 billion and net profit of EGP 2.53 billion. For 2025, Arab Finance reported on 8 February 2026 that revenue rose 118 percent to EGP 21.264 billion and net profit attributable to the parent rose 77 percent to EGP 4.479 billion, with gross contracted sales of EGP 48.4 billion and 1,788 units sold. The Eastvale project generated more than EGP 21 billion of those sales.
SODIC's latest release, for the first half of 2026, reports 78 percent year-on-year growth in deliveries and a 25 percent increase in revenue. Forbes Middle East put its market value at 453 million US dollars in 2026.
Leadership
- Talal Al Dhiyebi, Chairman (non-executive)
- Osama Saleh, Deputy Chairman (non-executive)
- Fahd Abdulla AlMahmood, Deputy Chairman (executive)
- Ayman Amer, Group General Manager