Commercial International Bank (Egypt) S.A.E.
Authorized Capital: EGP 20 Billion
Issued and Paid-in Capital: EGP 11,470,602,970
Head Office: Nile Tower Building
21/23 Charles de Gaulle St., Giza,
C.R. 69826 Giza
Invitation to the Extraordinary General Assembly
(Second Meeting)
The Bank's Board of Directors cordially invites the shareholders to attend the Extraordinary General Assembly (Second Meeting) to be held Monday, March 21st, 2016 at 02:30 pm at Sofitel Cairo El Gezirah, 3 El Thawra Council St., Zamalek, Cairo, Opera 2 Ballroom, to deliberate the following Agenda:
(1) Approve the implementation of the proposed restricted Employee Stock Ownership Plan (ESOP).
(2) Delegate the Board of Directors in amending Articles Six and Seven of the Bank's Statute as they resolve any future decision to increase the Issued Capital within the limit of the Authorized Capital and delegate the Chairman and Managing Director or his delegate in fulfilling all necessary procedures in relation thereto.
(3) Delegate the Board of Directors the power to issue financial instruments in the form of Bonds or Subordinated Loans for an aggregate amount of EGP 8 billion or its equivalent in foreign currency and delegating the Board the power to approve the prospectus of these issues and to fulfill all necessary procedures in relation thereof.
Please note the following:
First: Each shareholder is entitled to attend the General Assembly meeting in person or by a proxy to another shareholder, other than CIB's Board Members, in the form of a written power of attorney. Except for juristic individuals, any shareholder is not entitled to represent in the form of proxies more than 10% of the total Bank shares and 20% of the shares represented at the Meeting.
Second: For attendance purposes, each shareholder is requested to present a certificate accompanied by statement of shares issued by an authorized bookkeeper confirming blocking of shares at least three days prior the meeting date.
Third: Detailed statements and documents - as stipulated in articles "228" of the Executive Regulations of Law No. 159/1981 will be available at the Bank's Financial Controls Department, Head Office, during the Bank's official working hours for the perusal of all shareholders.
Fourth: Any inquiry concerning the items listed in the General Assembly Agenda should be addressed in writing to the Bank's Financial Controls Department, Head Office, via registered mail or hand delivered against a receipt, at least three days prior the Assembly date. Only items pertaining to the stated agenda shall be discussed during the meetings.
Fifth: The second Extraordinary General Assembly meeting shall be considered valid if attended by a number of shareholders representing at least one fourth of the capital.
Sixth: The resolutions of the Extraordinary General Assembly shall be issued by the majority of two-thirds of the shares represented in the meeting; except for the resolution with respect to increasing or decreasing the Bank's capital which requires the consent of the majority of three-fourth of the shares represented in the meeting.
Seventh: Meetings attendance is restricted to the Bank's shareholders, i.e. no escorts are allowed.
For registration purposes, you are kindly requested to be present one hour prior to the Assembly commencement.
With the compliments of the Commercial International Bank (Egypt).
Amin Hisham Ezz Al-Arab
Chairman & Managing Director
