SODIC selected as most powerful stock in the real estate sector in 2007

This selection was announced at an event in honor of 'Distinctive Stocks in the Stock Market' which was organized by the association yesterday under the auspices of Investment Minister Dr. Mahmoud Mohieldin and Cairo and Alexandria Stock Exchange (CASE) Chairman Mr. Maged Shawki.

The event was held in the Four Seasons Nile Plaza Hotel in Cairo. Among the attendees were Mr. Amr Mostafa Kamel, Chairman of the Egyptian Association for Stock Investors and Dr. Mohamed Taymour, CEO of Pharos Securities. Also attending were Mr. Mohamed Abdel Salam, Chairman of the Egyptian Company for Clearing and Mr. Hani Tawfik, Executive Director of Naeem Holding and Chairman of the Arab Union for Direct Investment.

"We are very proud of this recognition; it is considered the result of the company's efforts during the past year, which was filled with a number of great achievements for the company," said Ahmed Badrawi, SODIC's Director of Business Development. "This honor doesn't just represent the strength of our stock, but also enhances the investors' confidence in the stock's performance on the long term."

SODIC is one of Egypt's premier real estate development companies. It strives to plan and deliver high-quality projects that maximize shareholder value. SODIC is publicly listed on the Cairo and Alexandria Stock Exchange (ticker: OCDI), with a market cap exceeding EGP 5.5 billion (Jan. 2008), and is one of the fastest growing and most actively traded stocks.