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 corniche 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 Board of Directors Resolutions
No: (8) of 2019
November 30, 2019
On Saturday, 30 of November 2019 at 10:30 am, the Company's Board of Directors meeting was held at the Company's premises, under the chairmanship of Eng. Naguib Sawiris - Executive Chairman. The Board meeting was attended by the following Directors.
· 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 Nassif - Executive Board Member;
· Mr. Hassan Mostafa Abdo - Non-Executive Board Member.
· Mr. Ashraf Abdel Tawab Salman - Non-Executive Expert Board Member (independent);
· Mr. Mohamed Hemdan Ashmawy - Non-Executive Board member.
· Mr. Sameh Youssef el Torgoman - Non-Executive Expert Board Member.
Having reviewed and deliberated on the agenda, the Board of Directors resolved the following:
First resolution: The Board of Directors unanimously approved the Internal Audit Committee's Report on the consolidated financial statements (IFRS) for the period starting on 1/1/2019 and ending on 30/6/2019.
Moreover, The Board of Directors unanimously ratified the consolidated financial statements (IFRS) for the period starting on 1/1/2019 and ending on 30/6/2019.
Second resolution: The Board of Directors unanimously ratified the Internal Audit Committee's Report and the Board of Directors' Report on the standalone and consolidated financial statements for the financial period starting on 1/1/2019 and ending on 30/9/2019, as well as the outcome of the business for such period.
Third 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 30/9/2019.
Head of Investor Relation
Marwan Mohamed Hussein
