Last checked at 5 Dec 2022 08:20
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 the Board of Directors Resolutions
4 December 2022
Via Circulation
On Wednesday, 4 December 2022, upon the invitation of Eng. Akil Hamed Beshir-Chairman of the Board, the following resolutions were taken via circulation by the following members of the Board of Directors, 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 Abdel Tawab 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 the Meeting's Secretary.
The Board noted that the changes of the Board structure as approved in its resolutions dated 25 October 2022 where not yet finalized with the FRA, and accordingly, Engineer Akil Beshir will chair the meeting until the minutes are ratified by the FRA and registered in the Commercial Register.
The Resolutions:
First resolution: The Board unanimously ratified the Audit Committee's report on the consolidated financial statements for the fiscal period starting on 1/1/2022 and ending on 30/9/2022.
Second resolution: the Board unanimously ratified the auditor's report on the consolidated financial statements for the fiscal period starting on 1/1/2022 and ending on 30/9/2022.
Third resolution: The Board unanimously approved the Board of Directors' report for the fiscal period starting on 1/1/2022 and ending on 30/9/2022.
Fourth resolution: The Board unanimously ratified the consolidated financial statements for the fiscal period starting on 1/1/2022 and ending on 30/9/2022.
Head of Investors Relations
Malak El Meteini