Amr El Kady has stepped down as managing director and executive vice president of Talaat Moustafa Group (TMG) Holding, after less than five months in the position, Invest-Gate reports.

El Kady’s resignation is effective as of July 1, TMG Holding affirmed in a recent bourse filing.

Before assuming the role in February, El Kady had left his position as CEO of Egypt’s national real estate developer City Edge Developments (CED), according to a previous statement.

Back then, CED has appointed Amgad Hassanein as the CEO to succeed El Kady. The former is the vice-chairman of the Real Estate Development Management Chamber and a board member of the Real Estate Investment Chamber at the Egyptian trade ministry.