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SODIC’s chairman resigns

SODIC’s chairman resigns
The resignation will be effective as of 1 April
SODIC
OCDI
-1.52% 20.78 -0.32

Cairo – Mubasher: Six of October Development and Investment (SODIC) announced that it has received a resignation letter from its chairman Hani Salah Sarie El-Din.

The resignation, which will be effective as of 1 April, will be referred to the company’s ordinary general meeting (OGM) for approval, according to a bourse disclosure on Monday. 

It is noteworthy to mention that during the full-year 2019, SODIC’s net profits surged to EGP 721.24 million from EGP 450.9 million in 2018, including minority shareholders’ rights.