Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Sodic Heads for Lowest Close in Two Weeks After Losing Eastown

Six of October Development & Investment Co., an Egyptian luxury real-estate developer, headed for the lowest close in almost two weeks after the government withdrew one of the company’s land plots.

Shares of the Cairo-based company dropped 3.9 percent to 15.80 Egyptian pounds at 11:22 a.m. in Cairo, poised for the lowest close since March 19. The benchmark EGX 30 Index retreated 1.1 percent.

The company, also known as Sodic, said a government agency withdrew a plot of land it had awarded it for the Eastown project on the outskirts of Cairo. Sodic plans to appeal the decision with the New Urban Communities Authority’s upper appeals committee and has filed a petition with the Conflict Resolution Committee to preserve its rights, the company said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.