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About SODIC
Building on a history of almost two decades of successful operations in Egypt, SODIC is one of the country's leading real estate development companies. Headquartered in Cairo and listed on the Egyptian stock exchange, SODIC brings to the market award-winning large scale developments, meeting Egypt’s ever growing need for high quality housing, commercial and retail spaces. We pride ourselves on our passion for excellence and commitment to fostering long-term relationships with our clients, shareholders, business partners and employees, which has helped us grow to the corporation we are today.
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NEWS & DISCLOSURES
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Share information
Historical Stock Quote
Open
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Volume
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Dividends
COUPON NO.1
Dividend Value
EGP 4
Type
Cash
Ex-Div Date
09/05/2011
Payment Date
12/05/2011
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Analyst Coverage
Arqaam Capital
Emad El-Hage
Beltone
Adham Hesham
Renaissance Capital
Balram Ramesh
CI Capital
Omar El Menawy
Deutsche Bank
Athmane Benzerroug
EFG Hermes
Mai Attia
HC
Nemat Choucri
HSBC
Nick Paton
JP Morgan
Muneeza Hasan
Pharos Holding
Mayar El Ashry
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Corporate Governance
Governance Overview
SODIC is committed to sound principles of corporate governance, high ethical conduct and good corporate citizenship. We firmly believe that there is a real connection between these principles and our performance as a company, and that shareholder value is enhanced by our commitment to and practice of these principles.
This section of our website is intended to provide insight about, among other things, our management team and board of directors, and the composition and responsibilities of our board and its committees.
Board Of Directors
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Hani Sarie El Din
Chairman (Non-Executive)
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Hani Sarie El Din
Chairman (Non-Executive)
Dr. Hani Sarie El Din is a prominent legal practitioner in Egypt and the Middle East with over 25 years of experience in corporate, banking, and capital market. In addition to his private professional career, Dr. Sarie El Din has served in executive and non-executive public positions including, Chairman of Capital Market Authority, Board Member of the Central Bank of Egypt, General Authority for Investment, and the first official US-Egyptian Fund to promote investment in Egypt. Dr. Sarie El Din holds a Ph.D. in International Business Law from Queen Mary and Westfield College, University of London.
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Magued Sherif
Board Member (Executive)
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Magued Sherif
Board Member (Executive)
Magued Sherif is SODIC’s Managing Director. Sherif has over 30 years of professional experience, including several leadership positions with prominent companies in the industry. Past positions include Egypt Country Head and Properties Chief Executive Officer at Majid Al Futtaim Properties Egypt as well as General Manager and Senior Vice President at Palm Hills Developments for a 10-year period starting from the company’s inception. Sherif was also Chief Executive Officer and Managing Director at Hyde Park Properties for Development from 2012-2014. Sherif was most recently the Co-founder and Managing Director of The Venturers LLC in Orlando, Florida as well as the Co-founder of AA Investments LLC, Orlando. Earlier in his career, Sherif worked as Head of the Privatization Unit at Arthur Anderson, in addition to spending seven years at Bechtel Egypt and Bechtel Limited. He began his career as a Site Engineer with Orascom Construction Industries in 1986. Sherif holds a BSc in Architecture from Cairo University, Egypt, in addition to an MBA from The American University in Cairo.
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Walid Abanamay
Board Member (Non-Executive)
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Walid Abanamay
Board Member (Non-Executive)
Dr. Walid Sulaiman Abanamay has been the Managing Director of Al-Mareefa Al –Saudia Company since 1997. Prior to this, he served in the Treasury and Corporate Banking Departments of SAMBA Financial Group. Dr. Abanamay has been serving the Board of Directors of several listed companies, private equity and equity funds including, Joussour, Beltone Financial, UGIC, Mena Capital Fund and GB Auto. He also served in the Boards of SAFCO, Nasr City, Al-Inmaia, Al Raya Holdings and Al Masafi. Dr. Abanamay holds a B.Sc. degree in Computer Science from Southern Illinois University, a Master’s degree in Management Information Systems from the University of Illinois and a Ph.D. in Business Administration majoring in Finance from Southern Illinois University.
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Sabah Barakat
Board Member (Non-Executive)
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Sabah Barakat
Board Member (Non-Executive)
Sabah Taysir Barakat is the Vice President of Olayan Financing Company, based in Riyadh, and is responsible for overseeing a portfolio of wholly owned and joint venture companies in the fields of energy, construction, and real estate development. From 2003-2008, Barakat was Vice President of Bechtel Group. From 1998-2003, Barakat was the Regional Vice President of National Grid Plc. From 1986-1998, Sabah worked for the Costain Group Plc., a leading international contracting firm, specialising in infrastructure, energy, and building construction. Barakat graduated in 1986 with an Engineering degree from London University as a Chartered Engineer, and a member of the UK’s Institute of Civil Engineers. Barakat holds an MBA in Engineering Management and is a member of the UK’s Chartered Institute of Management.
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Yezan Haddadin
Board Member (Non-Executive)
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Yezan Haddadin
Board Member (Non-Executive)
Yezan Haddadin leads the North America direct private equity investment platform for GMS Holdings, a MENA-based holding company for a group of diversified businesses and assets around the world. Yezan has over 17 years of investment banking and private equity experience. Throughout his career, he has developed extensive experience across a range of industries and advised on over USD 100 billion in M&A transactions in North America, Latin America, Europe, the Middle East and Africa. Prior to joining GMS Holdings, Yezan was the Chief Executive Officer and Board Member of a regional investment bank based in Amman and Dubai (2014-2017); Advisor at Ripplewood Holdings LLC, a New York-based private equity firm (2013-2014); Managing Director at Perella Weinberg Partners in New York (2007-2013) and an Executive Director in JPMorgan’s M&A Group in New York (2000-2007). He is currently a member of the Board of Directors of The Near East Foundation, a New York- based private nonprofit development agency with projects in Africa and the Middle East. Yezan holds a Juris Doctor from Northwestern University School of Law (USA) and a Bachelor of Science from Georgetown’s School of Foreign Service (USA). He is admitted to the New York State Bar Association and is an FAA licensed pilot.
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Omar El Hamawy
Board Member (Executive)
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Omar El Hamawy
Board Member (Executive)
Omar Elhamawy is the Chief Financial Officer of SODIC. Since joining SODIC in May 2013, Elhamawy has overseen the successful completion of SODIC’s EGP 1 billion capital increase as well as the signing of over EGP 3 billion of medium-term debt facilities. Prior to joining SODIC, Elhamawy spent eight years as a Director within Beltone’s Investment Banking Division, where he focused on the real estate sector through his close involvement in both M&A and capital market transactions. His most notable transactions include advising Mena for Touristic and Real Estate Investments on a capital increase, advising Beltone Private Equity on the tender offer and acquisition of Nasr City Housing and Development as well as advising Amer Group on its IPO. Elhamawy holds a BA in Business Administration from The American University in Cairo and is a CFA Charter-holder.
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Omar Salah Bassiouny
Board Member (Non-Executive)
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Omar Salah Bassiouny
Board Member (Non-Executive)
Omar S. Bassiouny is the co-founder and Executive Partner of Matouk Bassiouny and the head of the company’s Corporate and M&A group. Bassiouny has a strong track record in the areas of corporate law and mergers and acquisitions, most recently representing Emirates NBD on the acquisition of BNP Paribas S.A.E. and representing Abraaj in the acquisition of Al Mokhtabar in 2012. Bassiouny is a prominent member of several chambers of commerce and business associations including the American Chamber of Commerce, the Egyptian Malaysian Business Council and the British Egyptian Business Association. Bassiouny’s achievements have been recognised with numerous awards such as Leading Lawyer in Mergers & Acquisitions in Egypt in 2014 by IFLR 1000 and leading lawyer in Egypt in 2013 by Chambers & Partners. Bassiouny received a B.A in Public and International Law from the American University Cairo and a Licence en Droit from the faculty of Law at Cairo University.
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Hussein Choucri
Board Member (Non-Executive)
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Hussein Choucri
Board Member (Non-Executive)
Hussein Choucri is the Chairman and Managing Director of HC Securities & Investment. Choucri is also a Board Member of the Holding Company for Tourism and Cinema (HOTAC), Edita Food Industries, Integrated Diagnostics Holdings (IDH), and the Egyptian British Business Council (EBBC). In addition, Choucri is the Chairman of the Board of Trustees of Shefaa Charity Foundation. Choucri held the position of Managing Director at Morgan Stanley, New York from 1987 to 1993, before serving as an Advisory Director until December 2007 where he was responsible for business activities in the emerging markets of the Middle East and the Indian Subcontinent as well as taking part in a number of privatization projects in Turkey, India and Argentina. Prior to joining Morgan Stanley, Choucri worked with Abu Dhabi Investment Company and participated in arranging several Euroloan and Eurobond financings for sovereigns and private sector companies. Choukri received a Management Diploma from the American University in Cairo and a B.A. from the Faculty of Commerce, Ain Shams University.
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Hisham El-Khazindar
Board Member (Non-Executive)
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Hisham El-Khazindar
Board Member (Non-Executive)
Hisham El-Khazindar is the Managing Director and Co-Founder of Qalaa Holdings. El-Khazindar also serves on the board of several leading regional companies including El Sewedy Electric and Magrabi Retail, and on the Advisory Committee of the Emerging Markets Private Equity Association. He also serves as a Trustee of the American University in Cairo, a Trustee of the Cairo Children’s Cancer Hospital, and as a Fellow of the Aspen Institute’s Middle East Leadership Initiative. Prior to co-founding Qalaa Holdings in 2004, El-Khazindar held the position of Executive Director of Investment Banking at EFG Hermes where he advised on landmark M&A and IPO transactions in the region. During the period 1999-2000, Al-Khazindar was on secondment to Goldman Sachs in London. El-Khazindar holds a BA in Economics from the American University in Cairo and an MBA from Harvard Business School.
Management
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Magued Sherif
Managing Director
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Magued Sherif
Managing Director
Magued Sherif is SODIC’s Managing Director. Sherif has over 30 years of professional experience, including several leadership positions with prominent companies in the industry. Past positions include Egypt Country Head and Properties Chief Executive Officer at Majid Al Futtaim Properties Egypt as well as General Manager and Senior Vice President at Palm Hills Developments for a 10-year period starting from the company’s inception. Sherif was also Chief Executive Officer and Managing Director at Hyde Park Properties for Development from 2012-2014. Sherif was most recently the Co-founder and Managing Director of The Venturers LLC in Orlando, Florida as well as the Co-founder of AA Investments LLC, Orlando. Earlier in his career, Sherif worked as Head of the Privatization Unit at Arthur Anderson, in addition to spending seven years at Bechtel Egypt and Bechtel Limited. He began his career as a Site Engineer with Orascom Construction Industries in 1986. Sherif holds a BSc in Architecture from Cairo University, Egypt, in addition to an MBA from The American University in Cairo.
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Omar Elhamawy
Chief Financial Officer
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Omar Elhamawy
Chief Financial Officer
Omar Elhamawy is the Chief Financial Officer of SODIC. Since joining SODIC in May 2013, Elhamawy has overseen the successful completion of SODIC’s EGP 1 billion capital increase as well as the signing of over EGP 3 billion of medium-term debt facilities. Prior to joining SODIC, Elhamawy spent eight years as a Director within Beltone’s Investment Banking Division, where he focused on the real estate sector through his close involvement in both M&A and capital market transactions. His most notable transactions include advising Mena for Touristic and Real Estate Investments on a capital increase, advising Beltone Private Equity on the tender offer and acquisition of Nasr City Housing and Development as well as advising Amer Group on its IPO. Elhamawy holds a BA in Business Administration from The American University in Cairo and is a CFA Charter-holder.
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Ahmed Labib
Chief Commercial Officer
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Ahmed Labib
Chief Commercial Officer
Ahmed Labib is the Chief Commercial Officer of SODIC. Labib is responsible for setting and achieving company-wide commercial objectives as well as setting and overseeing the execution of SODIC’s marketing strategy. In his capacity, Labib collaborates with the development team, heavily contributing to the creation, positioning and pricing of SODIC’s products. Labib joined SODIC in 2007 as a Sales Manager whose success quickly earned him the title of Sales Director and later Executive Sales Director. His previous experience includes working in the Marketing Department at McDonalds and spending seven years in the Marketing and Consumer Relations Platform at British American Tobacco, where he held various positions, the last of which was Multiple Category Brand Manager. Labib holds a BA in Psychology with a minor in Mass Communication from The American University in Cairo.
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Hisham Salah
Chief Information Officer
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Hisham Salah
Chief Information Officer
Hisham Salah is SODIC’s Chief Information Officer. Salah has more than 25 years of professional experience in the areas of information technology and corporate systems, including founding the first in-house residential fiber-to-the-home and triple play project in Egypt in 2009. Salah’s previous experience includes serving for eight years as Vice President of Technology at Palm Hills Developments and seven years with Microsoft as Head of Communications, later holding the position of Head of Government Sector in Egypt, where he was responsible for sales and key strategic initiatives supporting the company’s growth. Before joining Microsoft, he contributed to establishing the Commercial International Life Insurance Company as Head of Information Technology. Salah began his career at Commercial International Bank (CIB), where he held various positions in Information Technology and Operations. Salah holds an MSc in Information Technology from Middlesex University in London.
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Ayman Amer
Chief Business Development & Procurement Officer
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Ayman Amer
Chief Business Development & Procurement Officer
Ayman Amer is the Chief Business Development & Procurement Officer at SODIC. Amer has more than 16 years of experience in the real estate, project management and construction Industries in Egypt and North Africa. Amer is responsible for setting and monitoring SODIC’s procurement strategy across all divisions as well as expanding SODIC’s land bank. Prior to joining SODIC, Amer spent four years as Procurement & Cost Control Manager at Turner International Middle East (TIME) following his post as Senior Procurement Engineer at Orascom Construction Industries (OCI). Amer holds a BSc in Architectural Engineering from Cairo University and a diploma in project management from the American University in Cairo as a Certified International Procurement Professional.
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Ramy Raafat
Chief Development Officer
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Ramy Raafat
Chief Development Officer
Ramy Raafat is the Chief Development Officer at SODIC with over 18 years of experience in the field of real estate development and investment. In his capacity, Raafat is responsible for the development of SODIC’s real estate portfolio. Raafat has managed mega investments in Egypt and abroad working on the development of mixed-use projects such as Burj Dubai Development, the Dubai Mall, the Address Hotel, JAL Twin Towers and Agha Khan Culture Dubai center. Prior to joining SODIC, Raafat worked at Palm Hills Developments where he managed the company’s real estate portfolio with full P&L accountability as Portfolio Management Director. He also worked for GSSG Holding, YMM Investments Dubai, and MEINHARDT Consulting Engineers and Project Managers–Dubai. Ramy holds a BSc in Civil Engineering, a Master's degree in Real Estate Development and Management from Heriot Watt University in the UK and earned his Project Management Professional “PMP” certification from PMI in USA.
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Yasser El Said
Chief Technical Officer
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Yasser El Said
Chief Technical Officer
Yasser El Said is the Chief Technical Officer at SODIC, with nearly 30 years of experience in real estate, project management and construction sectors in Egypt and the Gulf region. In his capacity he oversees the technical, controls and design divisions. Prior to joining SODIC in 2010 as Senior Projects Manager, El Said spent four years as a Project Manager at Dubai-based Nakheel Co. as well as Construction Manager at Hill International Project Management Firm. During his work in Egypt, El Said spent nine years with ABB SUSA operating in USAID projects. El Said holds a BSc in Civil Engineering from Mansoura University.
COMMITTEES OF THE BOARD
Audit Committee
The Audit Committee assists the Board of Directors in fulfilling its responsibility for oversight of the quality and integrity of the accounting, auditing, and reporting practices of the Company, and to fulfil the responsibilities set forth in the Committee Terms of Reference.
Compensation Committee
The Compensation Committee’s role is to discharge the Board’s responsibilities relating to compensation of the Company’s Managing Director, the adoption of policies that govern the Company’s compensation and benefit programmes, and to fulfil the responsibilities set forth in the Committee Terms of Reference.
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Corporate Governance Reports
BOD Reports
BOD Decisions
GENERAL ASSEMBLY
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Media Centre
Take a look at our accomplishments over the years, shown through many mediums – from feature articles to photos of our events and exhibitions. Keep up to date with all our latest news, and watch as we roll up our sleeves and turn our vision into a reality.
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About Sodic
