On 26 November 2025, Banque Misr (BM) signed a Revolving Facility with Sixth of October Development & Investment Company “SODIC” for a total amount of up to EGP 3 billion with a tenor of four years.

The signing ceremony was attended by Mr. Hisham Okasha, CEO of Banque Misr, and Eng. Ayman Amer, SODIC’s Group General Manager, Mr. Amr Demerdash, Head-Corporate Banking & Syndicated Loans of Banque Misr, and senior members from SODIC and Banque Misr.

The newly secured Revolving Facility will provide SODIC with the financial flexibility and the necessary resources to manage its ongoing operations.

Mr. Hesham Okasha, CEO of Banque Misr, stated that this financing represents a distinguished model of effective partnership between Banque Misr and the real estate sector. Through this collaboration, the bank aims to empower real estate developers to execute high-quality projects and provide integrated urban communities. Banque Misr places significant importance on supporting real estate development companies and is committed to helping developers energize the Egyptian real estate market and broaden investment opportunities, in line with the state’s urban development plan under Egypt Vision 2030.

Mr. Hisham Okasha affirmed that this financing aligns with Banque Misr’s leading role in supporting the Egyptian economy. He emphasized that the real estate sector is one of the most influential sectors in the national economy due to its strong linkage with a wide range of supporting industries and intermediary activities. He added that the bank is keen to finance these sectors to help create more job opportunities across various specialties, thereby practically contributing to the country’s development plans.

Commenting on the signing, Eng. Ayman Amer, said: "Partnering again with Banque Misr, one of Egypt’s leading banks and a longstanding partner, underscores SODIC’s strong financial position, robust cash flows, and healthy balance sheet. This agreement is a testament to the trust we have built with our banking partners and reflects their confidence in SODIC’s ability to consistently deliver on its commitments. We look forward to continuing our collaboration with Banque Misr in supporting SODIC’s growth endeavors.”

Eng. Ayman Amer added that the announcement comes in line with SODIC’s strategy to prudently increase its leverage to enhance returns. The signing also comes as a testament to SODIC’s solid financial performance, strong cash flows, and liquid balance sheet, availing access to finance from Egypt’s leading banks. SODIC’s leverage remains low, with EGP 5.98 billion of debt outstanding as of 30 September 2025, reflecting a debt-to-equity ratio of 0.43x.

Banque Misr strives to provide innovative and accessible banking solutions that meet the needs of its clients. By continually enhancing its services and supporting long-term growth, the bank plays an active role in helping customers succeed. Its values and strategies reflect a strong commitment to sustainable development and to supporting Egypt’s economic prosperity.