SODIC Secures EGP 2.45 Billion Facility to Keep June on Schedule

SODIC signed an EGP 2.45 billion bridge facility with Commercial International Bank to help fund the remaining construction at June, its 280-acre Miami-inspired development in Ras El Hekma, with handovers scheduled to begin in the second half of 2025.

Financing news like this is worth reading as a delivery signal: SODIC's bank debt stood at EGP 3.8 billion at the end of 2024, a low 0.33x debt-to-equity ratio, so this facility is topping up an already conservative balance sheet rather than plugging a shortfall. For a buyer at June, that lowers the risk of construction stalling for lack of funds.

Contact Fair Direction for current payment plan terms on June units.