Last checked at 23 Apr 2019 07:00
Orascom Investment Holding S.A.E.
Established pursuant to the provisions of Law 95/1992
Head Office: Nile City Towers, South Tower, 29 Floor,
2005 A Corniche El Nile, Ramlet Beaulac, 11221, Cairo, Egypt.
Authorized Capital: EGP 22 Billion
Issued Capital:
EGP: 2,203,190,060.40
(Fully paid)
Number of Issued Shares:
5,245,690,620
Commercial registration number: 394061 Cairo
Invitation to the Ordinary General Assembly Meeting
Amendment
In light of the results of the audited financial statements of Nile Sugar S.A.E. for the financial year ending on 31/12/2018 of which the sellers notified the Company with on 16/4/2019. The Board of Directors resolved to amend the first section of the tenth item on the agenda of the Ordinary General Assembly scheduled on 5 May 2019 which states:
"Acquisition of Nile Sugar S.A.E. and enter into a sale and purchase agreement with its selling shareholders to acquire its entire share capital; a related party transaction given that the selling shareholders are a related party to the Company's major shareholder."
To be: "update the General Assembly of the latest procedures undertaken by the Company until the update of the Independent Financial Advisor's report and the finalization of the negotiations of the acquisition".
Executive Chairman
Naguib Onsi Naguib Sawiris