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EFG Holding S.A.E.'s Annual General Meeting (AGM), held on May 18th, 2024, approved the Board of Directors' report, auditor's report, financial statements, and corporate governance report for the fiscal year ended 31/12/2023. The AGM discharged the Chairperson and Board members from liabilities for fiscal year 2023 and approved non-executive Board members' remunerations for 2023, along with Board remunerations, attendance, and travel allowances for fiscal year 2024. It further ratified the appointment of Mr. Abdelhady Mohamed Ali Ibrahim (KPMG Hazem Hassan) as company auditor, ratified 2023 donations totaling EGP25,250,000, authorized the Board to approve 2024 donations exceeding EGP1,000, and delegated Mr. Karim Ali Awad Saleh Salama and Mr. Mohamed Khaled Mohamed Abdel Khabir to sign on subsidiaries' guarantees.
| Date | 20 May 2024 |
| Time | 07:32:48 |
| Category | AGMs and other meetings |
| ID | 0662P |
TRANSLATION FROM ARABIC
Summary of Resolutions for the Annual General Meeting
EFG Holding S.A.E.
Held on May 18th, 2024
Resolution no.1
The AGM approved the Board of Directors' report on the company's activities for the financial year ended 31/12/2023.
Resolution no.2
The AGM approved the Company's auditor report on the financial statements for the fiscal year ended 31/12/2023.
Resolution no.3
The AGM ratified the financial statements for the fiscal year ended 31/12/2023.
Resolution no.4
The AGM approved the corporate governance report for the fiscal year ended 31/12/2023.
Resolution no.5
The AGM approved the discharge of the Chairperson and the Board members from all liabilities concerning the activities of fiscal year 2023.
Resolution no.6
The AGM approved non-executive Board members' remunerations for the fiscal year 2023, and approved the Board of Directors' remunerations, attendance and travel allowances for the fiscal year 2024.
Resolution no.7
The AGM Ratified the Board of Directors' resolution on 20/12/2023 to appoint Mr. Abdelhady Mohamed Ali Ibrahim, Partner at KPMG Hazem Hassan, as the Company's auditor. And approved the appointment of the Company's auditors for the fiscal year 2024 and delegated the Board of Directors to determine their fees based on a recommendation from the audit committee.
Resolution no.8
The AGM ratified the donations for the fiscal year 2023 which totaled to EGP25,250,000; and authorized the Board to approve donations in excess of EGP1,000 during the fiscal year 2024.
Resolution no.9
The AGM approved the delegation of Mr. Karim Ali Awad Saleh Salama and Mr. Mohamed Khaled Mohamed Abdel Khabir collectively to sign on all subsidiaries' guarantees inside and outside of Egypt.
For further information:
Investor Relations Department
Email: investor-relations@efg-hermes.com
Tel: +20 (0)2 35356710
Fax: +20 (0)2 35357017
Head of Investor Relations - Hanzada Nessim
Email: hnessim@efg-hermes.com
Tel: +20 (0)2 35356502
Fax: +20(0)2 3535 7017
www.efghldg.com