Last checked at 1 Jun 2018 07:00
Orascom Telecom Media and Technology 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
Summary of Board of Directors Resolutions
No: (2) of 2018
By Conference Call
31 May 31, 2018
On Thursday, the 31 of May 2018 at 2:30, upon the request of Eng. Naguib Onsi Naguib Sawiris - Executive Chairman of the Board of Directors, the below decisions by Conference call to all the following Board of Directors, namely:
· Eng. Naguib Onsy Naguib Sawiris - Executive Chairman;
· Eng. Akil Hamed Bashir - Non-Executive Deputy Chairman (independent);
· Eng. Tamer Mokhtar Ahmed El Mahdi - Managing Director;
· Eng. Iskandar Shalaby Naguib Rizk Shalaby - Non-Executive Board Member;
· Mr. Ayman Mohamed El Tayeb Soliman - Non-Executive Expert Board Member;
· Dr. Sameh Youssef El Torgoman - Non-Executive Expert Board Member.
· Mr. Ashraf Abdel Tawab Abdel Razek Salman - Non-Executive Expert Board Member (independent);
· Mr. Oussama Daniel Nassif Faltas - Executive Board Member
· Mr. Mohamed Hamdan Mahmoud Ashmawy - Non-Executive Board Member.
The Board of Directors has decided the following:
Fist resolution: The Board of Directors unanimously approved the Audit Committee's report on the standalone and consolidated financial statements for the financial period starting at 1/1/2018 and ending at 31/3/2018.
Second resolution: The Board of Directors unanimously approved the Auditor's Report on the standalone and consolidated financial statements for the financial period starting at 1/1/2018 and ending at 31/3/2018.
Third Resolution: The Board of Directors unanimously ratified the Board of Directors' Report on the standalone and consolidated financial statements for the financial period starting at 1/1/2018 and ending at 31/3/2018, 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 1/1/2018 and ending at 31/3/2018, as well as the outcome of the business for such period.
Fifth resolution: The Board of Directors unanimously resolved to allow any two of the authorized signatories to jointly transfer funds from an OTMT bank account to another OTMT bank account with no limit within Egypt and abroad.
The Board of Directors delegated Mr. Mostafa Mamdouh Abdel Razek, Mr. Sherif Maher Samy, Mr. Gamal Gamil El Sayed Mahmoud, Mr. Ashraf Hassan Zaki Elibrachy, Mr. Mostafa Mohamed Gaber Mohamed Elshafei, Mr. Hatem Hassan Tolba Mohamed and Mr. Mostafa Said Aly Mohamed jointly or severally to undertake all required procedures to ratify and receive these minutes from the Egyptian Financial Supervisory Authority, receive it and annotate all the afore-mentioned in the company's commercial register.
Head of Investor Relation
Marwan Mohamed Hussein