--- Orascom Investment Holding S.A.E.
Established pursuant to the provisions of Law 95/1992
Head Office: Nile City Towers, South Tower, 29 Floor,
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 Minutes of the Board of Directors Meeting
no. (6) for 2019
23 September 2019
By Circulation
On Monday, 23rd of September 2019 pursuant to the request of Eng. Naguib Onsi Naguib Sawiris - Executive Chairman, the following resolutions were taken by circulation by the following members of the Board of Directors, namely:
· Eng. Naguib Onsi Sawiris- Executive Chairman
· Eng. Akil Hamed Bashir - Non-Executive Vice Chairman (independent);
· Eng. Tamer Mokhtar El Mahdi - Managing Director;
· Mr. Oussama Daniel Faltas - Executive Board Member;
· Eng. Iskandar Shalaby Naguib Shalaby - Non-Executive Board Member;
· Mr. Ayman Mohamed El Tayeb Soliman- Non- Executive Board Member
· Dr. Sameh Youssef El Torgoman - Non-Executive Expert Board Member;
· Mr. Ashraf Abdel Tawab Salman, Non-Executive Expert Board Member (independent);
· Mr. Mohamed Hamdan Ashmawy - Non-Executive board member.
Board Secretary: Mr. Mostafa Abdel Razek
The Board of Directors resolved the following:
Fist resolution: The Board of Directors unanimously approved the Audit Committee's report on the standalone and consolidated financial statements for the financial period starting on 1/1/2019 and ending on 30/6/2019.
Second resolution: The Board of Directors unanimously approved the Auditor's Report on the standalone and consolidated financial statements for the financial period starting on 1/1/2019 and ending on 30/6/2019.
Third resolution: The Board of Directors unanimously ratified the Board of Directors' Report on the standalone and consolidated financial statements for the financial period starting on 1/1/2019 and ending on 30/6/2019, as well as the outcome of the business for such period.
Fourth resolution: The Board of Directors unanimously ratified the standalone and consolidated financial statements for the financial period starting on 1/1/2019 and ending on 30/6/2019, as well as the outcome of the business for such period.
The Board resolved to delegate Mr. Mostafa Mamdouh Abdel Razek, Mr. Oussama Daniel Nassif, Mr. Sherif Maher Samy, Mrs. Salma Labib Omar, Mr. Gamal Gamil El Sayed Mahmoud and Mr. Hussein Abdel Dayem or any of Messrs. Anwar Adel Mahrous Zeidan, Khaled Mahmoud Mohamed Hammad, Ahmed Faris Abdulaziz Abu Saud, Issam Rajab Khamis Ahmed, and/or Nourhan Mohammad Yousef Mohammad al-Sarky and/or Omar Ahmed Hafez Aziz, lawyers at Zulficar and Partners, jointly or severally to undertake all required procedures to ratify and receive these minutes from the Egyptian Financial Supervisory Authority.
Head of Investor Relation
Marwan Mohamed Hussein
