MOVES- Hani Sarie-Eldin has stepped down as chairman and non-executive member of Sodic’s board of directors, the company said in a statement (pdf). “During his tenure SODIC has added over 7 million sqm to its land bank and has solidified its position at the forefront of the real estate market, having almost tripled its sales since his appointment,” the statement said.

Veteran economist and former investment minister Osama Saleh has been appointed to the board, the company said. Saleh has also served as chairman of the General Authority for Investment and of the Egyptian Mortgage Finance Authority.

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