Last checked at 4 Nov 2019 07:40
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
Summary of Board of Directors Resolutions
No: (7) of 2019
November 3, 2019
On Sunday, 3rd of November 2019, pursuant to the request of Eng. Naguib Onsi Sawiris - Executive Chairman, the Board of Directors reviewed and voted on the following agenda by circulation:
·; Eng. Naguib Onsi Sawiris- Executive Chairman
·; Eng. Akil Hamed Bashir - Non-Executive Vice Chairman;
·; Eng. Tamer Mokhtar El Mahdi - Managing Director;
·; Mr. Oussama Daniel Nassif Faltas - Executive Board Member;
·; Eng. Iskandar Shalaby Naguib Shalaby - Non-Executive Board Member;
·; Mr. Ayman Mohamed El Tayeb Soliman- Non- Executive Board Member
·; Dr. Sameh Youssef El Torgoman - Non-Executive Expert Board Member;
·; Mr. Ashraf Abdel Tawab Salman, Non-Executive Expert Board Member;
·; Mr. Mohamed Hamdan Ashmawy - Non-Executive board member.
The Board of Directors resolved the following:
First resolution: The Board of Directors unanimously approved Mr. Tamer el Mahdi's resignation from the Board of Directors of the Company and his position as Managing Director as of December 31, 2019;
Second resolution: The Board of Directors unanimously approved the appointment of Mr. Naguib Sawiris as the Executive Chairman and Managing Director of the company as of 1 January 2020;
Third Resolution: The Board of Directors unanimously approved Mr. Ayman Soliman's resignation from the Board of Directors of the Company;
Forth resolution: The Board of Directors unanimously approved the appointment of Mr. Hassan Mostafa Abdo as non-Executive Expert Board Member;
Fifth resolution: The Board of Directors unanimously approved the Auditor's report, the Audit Committee's report and the financial statements (IFRS) for the period ending on 31/12/2018 and Q1 2019.
Head of Investor Relation
Marwan Mohamed Hussein