Baraka Maher & Partners in association with Clyde & Co with SODIC on the sale of SODIC securization arm
Barakat Maher & Partners in association with Clyde & Co has advised Sixth of October Development and Investment Company (SODIC) – a company listed on the Egyptian Exchange (EGX), and one of Egypt’s leading diversified real estate developers in country and majority owned subsidiary of the consortium of Aldar Properties and ADQ, on its 100 per cent sale of SODIC’s securitization arm – SODIC for Securitization.
Barakat, Maher & Partners ‘team
The Barakat Maher & Partners in association with Clyde & Co team was led by partner Sam Dahroug (pictured) who was supported by associate Dalya Mahmoud, and trainee Karen Gabriel. Partner Mostafa Elsakka provided advice on disclosure-related matters.
Dahroug commented: “We are delighted to have acted for SODIC on this strategic exit, which is in line with their overall and impressive strategy across Egypt. Our transactional capabilities and effective collaboration enabled us to reach a successful outcome on this intricate transaction, which played to our strengths of advising on complex M&A transactions.”
