SODIC invests in 29.65% of EQTI
SODIC announced the signature of a Shareholders’ agreement to invest in 29.65% of Environmental Quality for Touristic Investments Company (EQTI).
SODIC’s investment, which is subject to certain conditions precedent to be completed over the next year, amounts to LE17m, bringing EQTI’s capital up to LE58m and helping it expand its’ current nature lodge operations in Egypt to other key locations nationwide.
‘This investment underscores our commitment towards diversifying across the various real estate segments,’ said Maher Maksoud, SODIC’s Managing Director.
He added, ‘It also helps advance Egypt’s position as a leading eco-tourism destination, to service the growing market of environmentally sensitive and culturally minded travelers worldwide.’
