SODIC announced that Eng. Magued Sherif has assumed his duties as the company's new Managing Director at its Cairo headquarters. Sherif brings to SODIC 30 years of professional experience, a deep knowledge of the real estate sector, a proven international outlook, and an entrepreneurial passion for delivering growth.

Prior to joining SODIC, Sherif held several leadership positions with prominent companies in the industry including Egypt Country Head and Properties Chief Executive Officer at Majid Al Futtaim Properties as well as General Manager and Senior Vice President at Palm Hills Developments for a 10-year period. More recently Sherif held the position of Chief Executive Officer and Managing Director at Hyde Park Properties for Development from 2012-2014.