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SODIC names new non-executive chairman

SODIC names new non-executive chairman
The appointment will be effective as of 1 April
SODIC
OCDI
-2.60% 44.56 -1.19

Cairo – Mubasher: The board of directors of Six of October Development and Investment (SODIC) announced the appointment of Osama Abdel Moneim Mahmoud Saleh as the non-executive chairman.

The appointment will be effective as of 1 April 2020, the company said in a bourse disclosure on Tuesday.

Earlier, SODIC announced receiving a resignation letter from its chairman Hani Salah Sarie El-Din.

It is noteworthy to mention that over the course of 2019, SODIC reported net profits of EGP 721.24 million, up from EGP 450.9 million in 2018, including minority shareholders’ rights.