Last checked at 16 Jun 2022 09:15
Orascom Investment Holding S.A.E.
Established pursuant to the provisions of Law 95/1992
Head Office: Nile City Towers, South Tower,
2005 A corniche El Nile, Ramlet Beaulac, 11221, Cairo, Egypt
Authorized Capital: EGP 2,885,129,841 billion
Issued Capital: EGP 577,025,968.2 (fully paid)
Number of Issued Shares: 5,245,690,620
Commercial register number: 394061 Cairo
Summary of Board of Directors Resolutions
June 15, 2022
On the 15th of June 2022, pursuant to the invitation of Eng. Akil Hamed Beshir - Non-Executive Chairman, the following resolutions were taken via circulation by the Company's Board of Directors ("BoD"), namely:
- Eng. Akil Hamed Beshir, Non-Executive Chairman (independent);
- Eng. Naguib Onsi Sawiris, CEO and Managing Director;
- Eng. Iskandar Shalaby Naguib Shalaby, Executive Board Member;
- Mr. Hassan Mostafa Abdo, Non-Executive Board Member;
- Mr. Ashraf AbdelTawab Salman, Non-Executive Board Member (independent);
- Mr. Oussama Daniel Nassif, Executive Board Member;
- Mr. Mohamed Hamdan Ashmawy, Non-Executive Board Member (independent); and
- Mrs. Wafaa Shoukry Zaklama, Non-Executive Board Member.
- Ms. Nada Yasser Hafez was appointed as Secretary of the Board.
The Resolutions:
First resolution: The Board unanimously ratified the Audit Committee's report on the standalone and consolidated financial statements for the fiscal period starting on 1/1/2022 and ending on 31/3/2022.
Second resolution: the Board unanimously ratified the auditor's report on the standalone and consolidated financial statements for the fiscal period starting on 1/1/2022 and ending on 31/3/2022.
Third resolution: The Board unanimously ratified the Board of Directors' report for the fiscal period starting on 1/1/2022 and ending on 31/3/2022.
Fourth resolution: The Board unanimously ratified the standalone and consolidated financial statements for the fiscal period starting on 1/1/2022 and ending on 31/3/2022.
Fifth resolution: the Board unanimously approved the appointment of Mr. Hussein Senoussy, as Director of Anti-Money Laundering Unit, in accordance with the FRA's Decree no. 2 of 2021, in addition to his other responsibilities; and the appointment of Mr. Haythem El Sayed, Deputy Director, Anti-Money Laundering Unit, in addition to his other responsibilities.
Sixth resolution the Board unanimously approved the restructuring of the audit committee to be as follows:
- Mr. Ashraf Salman, Chairman;
- Mr. Mohamed Ashmawy, Member;
- Mrs. Wafaa Zaklama, Member.
Chief Financial Officer
Marwan Mohamed Hussein