Last checked at 13 Aug 2015 07:00
Orascom Telecom Media and Technology Holding S.A.E.
Established pursuant to the provisions of Law 95/1992
Head Office: twenty Sixth floor, 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
Summary of Board of Directors Resolutions
No: (4) of 2015
August 12, 2015
On Wednesday August 12, 2015, at 2.30 pm, OTMT Board of Directors convened under the chairmanship of Eng. Akil Bashir - Non-Executive Deputy Chairman, upon the invitation of Eng. Naguib Onsi Naguib Sawiris - Executive Chairman and Managing Director. The meeting was attended by the following Board Members:
· Eng. Akil Bashir - Non-Executive Deputy Chairman in his own capacity and on behalf Mr. Iskandar Shalaby Naguib Rizk Shalaby - Non-Executive Board Member
· Mr. Youssef Fayez Shoukry Moawad - Executive Board Member for Financial and Administrative Affairs in his own capacity and on behalf of Mr. Ayman Mohamed El Tayeb Soliman - Expert Board Member
· Mr. Khaled Galal Guirgis Bichara - Non-Executive Board Member in his own capacity and on behalf of H.E. Ambassador Mohamed Ibrahim Mahmoud Shaker Mohamed - Non-Executive Board Member
Mr. Oussama Daniel Nassif was appointed as Secretary of the meeting.
Having reviewed and deliberated on the agenda, the Board of Directors has resolved the following:
Fist resolution: The Board of Directors unanimously approved the Audit Committee's report on the standalone and consolidated annual financial statements for the financial period starting at 1/1/2015 and ending at 30/6/2015, which were prepared in accordance with the Egyptian and International accounting standards.
Second resolution: The Board of Directors unanimously approved the report of the company's Auditor on the standalone and consolidated annual financial statements for the financial period starting at 1/1/2015 and ending at 30/6/2015, which were prepared in accordance with the Egyptian and International accounting standards.
Third resolution: The Board of Directors unanimously ratified the Board of Directors' report on the standalone and consolidated annual financial statements for the financial period starting at 1/1/2015 and ending at 30/6/2015, which were prepared in accordance with the Egyptian and International accounting standards as well as the outcome of the business for such period.
Fourth resolution: The Board of Directors unanimously ratified the standalone and consolidated financial statements for the financial period starting at 1/1/2015 and ending at; 30/6/2015, which were prepared in accordance with the Egyptian and international accounting standards as well as the outcome of the business for such period.
The Board of Directors delegated Mr. Oussama Daniel Nassif, Mr. Ibrahim Aly Ibrahim, Mr. Ashraf Zaki El Ibrachy, Mostafa Mohamed Gaber Mohamed El Shafei, Hatem Hasan Tolba Mohamed and Mostafa Saeed Ali Mohamed (advocates), to jointly or severally, take all the required procedures to ratify the minutes of this meeting at the Egyptian Financial Supervisory Authority, receive it and annotate all the afore-mentioned in the company's commercial register.
The meeting ended at 3 pm.
Head of Investor Relation
Marwan Mohamed Hussein