Last checked at 16 May 2019 09:50
MNHD Summary of GM and EGM Resolutions |
Madinet Nasr for Housing and Development (MNHD) An Egyptian Joint Stock Company Summary of Resolutions of the GM and EGM of Shareholders on May 15, 2019 |
The GM of MNHD shareholders was convened on Wednesday, May 15, 2019, at 2:00 p.m. at the Company's Sales Center on the site of Taj City project; Extension of Thawra Street- Opposite to the Entry of Cairo International Airport- Cairo, Egypt
The GM discussed the following agenda: 1. Authorizing the BOD to execute contracts with related parties.
The EGM resolved the following resolutions: · Authorizing the BOD to execute contracts with non-executive directors. · Authorizing the BOD to execute additional contracts with a subsidiary company (Nasr Company for Utilities and Erections "NCUE) within EGP 300 million in 2019.
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The Quorum for the validity of the EGM of MNHD shareholders planned to convene on Wednesday, May 15, 2019, at 2:30 p.m. was not met.
The EGM was canceled, accordingly. An invitation will be issued to shareholders to a second meeting of the EGM within 30-day.
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