{"id":542814,"date":"2022-01-18T04:10:08","date_gmt":"2022-01-18T04:10:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/18\/sodic-announces-new-board-more-from-ibm-nestle-capiter-and-silicon-badia\/"},"modified":"2022-01-18T04:10:08","modified_gmt":"2022-01-18T04:10:08","slug":"sodic-announces-new-board-more-from-ibm-nestle-capiter-and-silicon-badia","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/18\/sodic-announces-new-board-more-from-ibm-nestle-capiter-and-silicon-badia\/","title":{"rendered":"SODIC announces new board + more from IBM, Nestl\u00e9, Capiter and Silicon Badia"},"content":{"rendered":"

SO<\/strong>DIC gets a new board of directors after Aldar \/ ADQ acquisition: <\/strong>SODIC shareholders have elected the company\u2019s new board of directors at an extraordinary general meeting on Sunday, according to an EGX disclosure (pdf)<\/a>. The formation of the new board comes after an Emirati consortium of real estate giant Aldar Properties and Abu Dhabi sovereign wealth fund ADQ in December acquired 85.5% of SODIC<\/a> in an all-cash, EGP 6.1 bn transaction.<\/p>\n

Aldar now has five representatives on the board: <\/strong>Sitting at the table are Aldar\u2019s Group CEO Talal Shaffique Abdullah Al Dhiyebi (LinkedIn<\/a>), CEO Jonathan Emery (LinkedIn<\/a>), Executive Director Sana Khater (LinkedIn<\/a>), Executive Director of Investments and Partnerships David Dudley (LinkedIn<\/a>), and Executive Director of Stakeholder Management Fahad Abdulla Al Mahmood (LinkedIn<\/a>). ADQ\u2019s <\/strong>Gamma Forge <\/strong>has two spots on the board<\/strong>, with Omar Mohammed Mehanna and Amer Al Ameri as Gamma\u2019s representatives.<\/p>\n

Our friend Magued Sherif (<\/strong>LinkedIn<\/a><\/strong>), SODIC\u2019s CEO, will remain a member of the board. <\/strong>Rounding out the board as independent directors are non-executive chairman Osama Saleh<\/a><\/strong> and Masar Chairwoman and CEO \u2014 and former investment minister \u2014 Dalia Khorshed <\/strong>(LinkedIn<\/a>).<\/p>\n

\n

IN OTHER MOVES- <\/strong><\/p>\n

Nestl\u00e9<\/strong> has appointed Yasser Abdul Malak<\/strong> (LinkedIn<\/a>) as chairman and CEO for the <\/strong>MENA region<\/strong>, succeeding Remy Ejel, the company announced in a release<\/a>. Abdul Malak was most recently the FMCG giant\u2019s Turkey CEO, and previously served as CEO for Nestl\u00e9\u2019s North East Africa Region based in Egypt.<\/p>\n

IBM Egypt<\/strong> has appointed Marwa Abbas<\/strong> (LinkedIn<\/a>) as general manager<\/strong>, according to a press release (pdf)<\/a>. She succeeds Wael Abdoush, who has now taken on the role of general manager for IBM Gulf, Levant and Pakistan.<\/p>\n

Cairo-based e-commerce startup Capiter<\/strong> has appointed Simon Comina<\/strong> (LinkedIn<\/a>) its chief financial officer<\/strong>, according to a statement (pdf)<\/a>. Comina was most recently CFO and executive board member of Dubai-based property site Property Finder, having previously headed up UK asset management firm Schroders\u2019 MENA and private equity divisions.<\/p>\n

Swvl<\/strong> named W. Steve Albrecht<\/strong> (bio<\/a>) to chair its audit committee<\/strong> last month, according to a<\/a>statement (pdf)<\/a>. Albrecht is currently the Andersen Alumni Professor at the Marriott School of Management of Brigham Young University and was the former president of the American Accounting Association. He has served as a director of five public companies and seven private companies.<\/p>\n

Former Flat6Labs managing partner Marie Therese Fam<\/strong> (LinkedIn<\/a>) has been appointed by Silicon Badia<\/strong> as a partner in its MENA unit<\/strong>, it said in a statement (pdf)<\/a> yesterday.<\/p>\n","protected":false},"excerpt":{"rendered":"

SODIC gets a new board of directors after Aldar \/ ADQ acquisition: SODIC shareholders have elected the company\u2019s new board of directors at an extraordinary general meeting on Sunday, according to an EGX disclosure (pdf). The formation of the new board comes after an Emirati consortium of real estate giant Aldar Properties and Abu Dhabi […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7231],"tags":[299,215,72,446,206,312],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-542814","post","type-post","status-publish","format-standard","hentry","category-moves","tag-adq","tag-aldar-properties","tag-enterpriseam","tag-ibm","tag-moves","tag-sodic","wpautop","entry"],"acf":{"mongo_id":"be2aa5c9-5fd7-4c4a-b65a-2d70a469a9b3","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[542799],"teaser":"","voice_url":""},"yoast_head":"\nSODIC announces new board + more from IBM, Nestl\u00e9, Capiter and Silicon Badia - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/18\/sodic-announces-new-board-more-from-ibm-nestle-capiter-and-silicon-badia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SODIC announces new board + more from IBM, Nestl\u00e9, Capiter and Silicon Badia\" \/>\n<meta property=\"og:description\" content=\"SODIC gets a new board of directors after Aldar \/ ADQ acquisition: SODIC shareholders have elected the company\u2019s new board of directors at an extraordinary general meeting on Sunday, according to an EGX disclosure (pdf). 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The consortium acquired last week 85.5%\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/343.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553599,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/09\/no-management-shake-up-at-sodic\/","url_meta":{"origin":542814,"position":3},"title":"No management shake-up at SODIC","author":"enterpriseam admin","date":"9 December 2021","format":false,"excerpt":"SODIC management is staying on post-ADQ \/ Aldar acquisition: The Emirati consortium of real estate giant Aldar Properties and Abu Dhabi sovereign wealth fund ADQ is planning to keep the executive management at SODIC unchanged after acquiring 85.5% of the upmarket real estate player, Al Borsa reports, citing unnamed sources.Both\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":581708,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/20\/magued-sherif-steps-down-from-sodic-after-eight-years\/","url_meta":{"origin":542814,"position":4},"title":"Magued Sherif steps down from SODIC after eight years","author":"enterpriseam admin","date":"20 February 2023","format":false,"excerpt":"Former SODIC COO Ayman Amer is replacing Sherif","rel":"","context":"In "Moves"","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/magued-sherif-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553559,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/aldar-adq-are-now-sodics-majority-shareholders\/","url_meta":{"origin":542814,"position":5},"title":"Aldar, ADQ are now SODIC\u2019s majority shareholders","author":"enterpriseam admin","date":"8 December 2021","format":false,"excerpt":"The Aldar-ADQ consortium officially owns 85.5% of SODIC: The Emirati consortium of real estate giant Aldar Properties and Abu Dhabi sovereign wealth fund ADQ have acquired 85.5% of SODIC in an all-cash, EGP 6.1 bn transaction, Aldar and SODIC (pdf) said in separate statements yesterday following the conclusion of the\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/253.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/542814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=542814"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/542814\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/542799"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=542814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=542814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=542814"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=542814"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=542814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}