OGM AND EGM RESOLUTIONS

ABIAN FOOD INDUSTRIES COMPANY DOMTY S.A.E

Cairo, April 21, 2020

Domty SAE announces that the Ordinary General Meeting of the Company convened on Sunday, April 19, 2020 and resolved the following resolutions: 

1. Approved the Board of Directors report for the fiscal year ended 31/12/2019.

2. Approved the auditor's report of for the fiscal year ended 31 December 2019.

3. Approved the company's financial statements and the profit and loss accounts for the fiscal year ended 31/12/2019.

4. Approved the corporate governance report for the fiscal year ended 31/12/2019

5. Approved the recommendation of the board on the distribution of profits for 2019 and approved distributing of cash dividend of EGP 0.2 per share.

6. Approved discharging the Chairman and the Board members from their responsibilities for the fiscal year ended 31-12-2019.

7.  Approved authorizing the Board of Directors to determine the attendance and transfer allowances for the non executive ( independent)directors of the board for the fiscal year ending 31/12/2020, the total amount paid shall not exceed EGP 300 000 per person.

 8. Approved the of the appointment of Mr. Khaled Hamdi Samaha (Samaha & Co.) and Mr. Amr Bayoumi( Ernst & Young)as auditors for the Company for the fiscal year ending 31/12/2020 and to authorize the Board of Directors to determine the audit fees up to the maximum of EGP 856000 for auditing the annual and periodic standalone financial statements and up to the maximum of EGP 235000 for auditing the annual and periodic consolidated financial statements.

 9. Approved authorizing the Board of Directors to grant donations during the fiscal year ending 31/12/2020 of at least EGP 1 Million and approved the donations granted during 2019.

10. Approved licensing the Chairman to sign contracts on behalf of the company with related parties and approved those contracts already signed during 2019.

Domty SAE announces that the Extra Ordinary General Meeting of the Company convened on Sunday, April 19, 2020 and resolved the following resolutions: 

1. Approved the amendment of article (4) of the articles of association.

2. Approved the addition of a new branch in 6 of October city at CPC industry zone.

3. Approved licensing the Chairman to sign the amended company contract (the articles of association)

Ends