20 Aug 2019 08:30
Orascom Investment Holding S.A.E.
Established pursuant to the provisions of Law 95/1992
Head Office: Nile City Towers, South Tower,
2005 A Croniche 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
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Summary of the Resolutions of the
Ordinary General Assembly Meeting
Held on Monday 19 August 2019 at 2:30 pm
at Conrad Cairo Hotel - Salon Diplomat - 1191 corniche El Nile, Beaulac, Cairo, Egypt.
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On Monday, August 19, 2019, at 2:30 pm the Ordinary General Assembly Meeting of the shareholders of the Company convened under the chairmanship of Eng. Akil Hamed Bashir - Non-executive Deputy Chairman. The meeting was attended by the following Board members:
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·; Eng. Akil Hamed Bashir - Non-executive Deputy Chairman;
·; Mr. Ayman el Tayeb Soliman - Non-executive Expert Board Member;
·; Mr. Ashraf Abdel Tawab Abdel Razek Salman - Non-executive Expert Board Member;
·; Mr. Mohamed Hamdan Ashmawy - Non-executive Board Member.
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The Auditor: Mr. Mohamed Hassan (KPMG)- the Company's Auditor attended the Meeting.
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The Ordinary General Assembly resolved by majority to appoint the following:
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Mr. Moustafa Mamdouh Abdel Razek as Secretary of the Meeting; and
Mr. Sherif Maher and Mrs. Salma Labib Omar as vote scrutineers.
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The total numbers of shares represented in the meeting amounts to approx. 58 % of the total share capital of the Company. Accordingly, the legal quorum for the meeting is satisfied and the Chairman of the meeting announced its validity.
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The Ordinary General Assembly resolved the following:
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First Resolution: The shareholders resolved by majority to authorize the Board of Directors to grant Beltone Financial Holding SAE a shareholder's loan and to delegate the Chairman and the Managing Director jointly or severally to enter into a shareholder's loan agreement with Beltone Financial Holding SAE.
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The meeting ended at 3:30 pm.
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Head of Investor Relations
Marwan Hussein