Cairo – Mubasher: Madinet Nasr for Housing and Development (MNHD) approved the resignation of Ahmed El-Hitamy from his position as the company’s CEO and Board Member to join his family business.
El-Hitamy will act as a consultant to the company until the end of 2021, MNHD said in a bourse disclosure on Monday.
The Chairman will take on the CEO's responsibilities until a successor is named.
During 2020, MNHD achieved net profits of EGP 1 billion, slightly up from EGP 980.89 million in 2019, including minority shareholders’ rights.
