Orascom Investment 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 the Resolutions of the
Ordinary General Assembly Meeting
Held on Monday 19 August 2019 at 2:30 pm
at Conrad Cairo Hotel - Salon Diplomat - 1191 corniche El Nile, Beaulac, Cairo, Egypt.
On Monday, August 19, 2019, at 2:30 pm the Ordinary General Assembly Meeting of the shareholders of the Company convened under the chairmanship of Eng. Akil Hamed Bashir - Non-executive Deputy Chairman. The meeting was attended by the following Board members:
· Eng. Akil Hamed Bashir - Non-executive Deputy Chairman;
· Mr. Ayman el Tayeb Soliman - Non-executive Expert Board Member;
· Mr. Ashraf Abdel Tawab Abdel Razek Salman - Non-executive Expert Board Member;
· Mr. Mohamed Hamdan Ashmawy - Non-executive Board Member.
The Auditor: Mr. Mohamed Hassan (KPMG)- the Company's Auditor attended the Meeting.
The Ordinary General Assembly resolved by majority to appoint the following:
Mr. Moustafa Mamdouh Abdel Razek as Secretary of the Meeting; and
Mr. Sherif Maher and Mrs. Salma Labib Omar as vote scrutineers.
The total numbers of shares represented in the meeting amounts to approx. 58 % of the total share capital of the Company. Accordingly, the legal quorum for the meeting is satisfied and the Chairman of the meeting announced its validity.
The Ordinary General Assembly resolved the following:
First Resolution: The shareholders resolved by majority to authorize the Board of Directors to grant Beltone Financial Holding SAE a shareholder's loan and to delegate the Chairman and the Managing Director jointly or severally to enter into a shareholder's loan agreement with Beltone Financial Holding SAE.
The meeting ended at 3:30 pm.
Head of Investor Relations
Marwan Hussein
