Last checked at 1 Jun 2021 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 2,885,129,841
Issued Capital:
EGP: 577,025,968.2
(Fully paid)
Number of Issued Shares:
5,245,690,620
Commercial registration number: 394061 Cairo
Summary of Board of Directors Resolutions
May 30,2021
On Sunday May 30th, 2021 at 1:30 pm, pursuant to the invitation extended by Eng. Akil Hamed Bashir - Chairman to the Directors of the Board, the following Directors attended the board of Orascom Investment Holding SAE, at the Company's head office:
· Eng. Akil Hamed Bashir - Non-Executive Chairman (independent);
· Eng. Naguib Onsi Sawiris - Managing Director;
· Eng. Hassan Mostafa Abdo - Non-Executive Director;
· Mr. Mohamed Hamdan Ashmawy - Non-Executive Director;
· Mr. Oussama Daniel Faltas - Executive Director; and
· Mrs. Wafaa Shoukry Zaklama as a non- executive board member
The meeting was also attended by the following directors via conference call:
· Mr. Ashraf Abdel Tawab Salman - Non-Executive Director (independent);
· Eng. Iskandar Shalaby Naguib Rizk - Non-Executive Director;
- Mrs. Salma Labib Omar- Secretary of the Board.
The Board of Directors approved the following resolutions:
First resolution: The Board unanimously approved the AC report on the standalone and consolidated annual financial statements for the fiscal year ending on 31/12/2020, prepared in accordance with EAS.
Second resolution: The Board unanimously approved the Auditor's Report on the standalone and consolidated annual financial statements for the fiscal year ending on 31/12/2020, which were prepared in accordance with the Egyptian auditing standards.
Third resolution: The Board unanimously ratified the Board of Directors' annual report for the fiscal year ending on 31/12/2020.
Fourth resolution: The Board unanimously ratified the standalone and consolidated financial statements for the fiscal year ending on 31/12/2020.
Fifth Resolution: The Board of Directors unanimously approved the Company's Governance Report.
Sixth resolution: The Board resolved to delegate the Chairman to invite the shareholders to convene an ordinary general assembly on 4/7/2021 and further agreed on the agenda.
Chief Financial Officer
Marwan Mohamed Hussein