Samir Aref has been named the new chairman of ARDIC for Real Estate Development and Investments, whilst Mohamed Dawood was entitled as its vice-chairman, a step coming as part of the company’s structural reforms, Invest-Gate reports.

Additionally, the board has renewed confidence in Ashraf Dowidar’s leadership as ARDIC’s managing director, re-appointing him for another term, according to the company’s press release on August 4.

In its statement, the property developer stressed that Aref holds an extensive experience in business management, after previously serving as chairman of Al Ahram Security Group and Hi-Tech Lock for Precision Industries.

Similarly, Aref’s investment experience is far-reaching as he is currently running as the president of 10th of Ramadan Investors Association, while being a member of multiple organizations such as the Egyptian Businessmen’s Association (EBA).

As for Dawood, he is also part of EBA and he is classified among the Tax and Customs Committee, affiliated to the Federation of Egyptian Industries (FEI).