Last checked at 24 Aug 2016 18:24
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: (5) of 2016
By circulation
24 August 2016
On Wednesday, August 24, 2016, upon the request of Eng. Naguib Onsi Naguib Sawiris - Executive Chairman and Managing Director of the Board of Directors, the below resolutions were circulated to all the following Board of Directors, namely:
· Eng. Naguib Onsi Naguib Sawiris - Executive Chairman and Managing Director (Non-Independent);
· Mr. Youssef Fayez Shoukry Mouawad, Executive Board Member for Financial and Administrative Affairs (Non-Independent);
· H.E. Ambassador Mohamed Ibrahim Mahmoud Shaker Mohamed - Non executive Board Member (Independent);
· Eng. Khaled Galal Girgis Bishara - Non executive Board Member (Non-Independent);
· Mr. Iskandar Shalaby Naguib Rizk Shalaby - Non-Executive Board Member (Non-Independent);
· Eng. Akil Bashir - Non-Executive Deputy Chairman (Independent);
· Mr. Ayman Mohamed El Tayeb Soliman - Non-Executive Expert Board Member (Non-Independent);
· Dr. Sameh Youssef El Torgoman - Non-Executive Expert Board Member (Non-Independent);
· Mr. Ashraf Abdel Tawab Abdel Razak Salman - Non-Executive Expert Board Member (Independent).
The Board of Directors has decided the following:
Fist resolution: The unanimous approval of the Audit Committee's report on the standalone and consolidated financial statements for the financial period starting at 1/1/2016 and ending at 30/6/2016, which were prepared in accordance with the Egyptian and International accounting standards.
Second resolution: The unanimous approval of the report of the company's Auditor on the standalone and consolidated financial statements for the financial period starting at 1/1/2016 and ending at 30/6/2016, which were prepared in accordance with the Egyptian and International accounting standards.
Third Resolution: The unanimous approval of the Board of Directors' report on the standalone and consolidated financial statements for the financial period starting at 1/1/2016 and ending at 30/6/2016, 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 unanimous approval of the standalone and consolidated financial statements for the financial period starting at 1/1/2016 and ending at 30/6/2016, 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.
Head of Investor Relation
Marwan Mohamed Hussein