Invitation to Extraordinary GM (EGM)

Commercial Intnl Bank (Egypt) SAE

20 February 2024

 

Commercial International Bank - Egypt (CIB) S.A.E.

Authorized Capital:    EGP 100 Billion

Issued and Paid-in Capital: EGP 30,195,010,000      

Head Office: Nile Tower Building

21/23 Charles de Gaulle St., Giza,

C.R. 69826 Giza

Invitation to the Extraordinary General Assembly

The Board of Directors of the Commercial International Bank - Egypt (CIB) S.A.E cordially invites the Bank's shareholders to attend the Extraordinary General Assembly to be held Monday, March 25, 2024 at 3:00pm. The meeting will be held at the Bank's premises in the Financial District, Smart Village, Zone F10, Building B-219, (Km 28 Cairo-Alex. Desert Road).

In accordance to Article "73" of the Companies Law 159 of 1981 and its amendment Law 4 of 2018 and in compliance with the Central and Banking System Law 194 of 2020 and Article "39" of the Bank's Statutes, the General Assembly will be held and participated in via virtual means, using "E-magles" Platform. Shareholders are to attend the assembly in person or via the above mentioned platform - which is considered an authentic attendance.

Shareholders voting on the items of the agenda should be via "E-magles" Platform. that platform.

Shareholders who wish to attend virtually or in person should register using the following link or the QR Code starting Monday, March 4, 2024.

For attendance and voting purposes, blocking shares certificates, powers of attorney, and attendance authorizations are to be sent via the same link or QR Code down below. 

rebrand.ly/cibbank

Shareholders can start voting via E-magles Platform as of Wednesday, March 20, 2024.  

The Extraordinary General Assembly Agenda:

The Assembly shall meet to consider the following item on the agenda:

Ø Delegate the Board of Directors the power to Issue financial instruments in the form of Bonds, or Subordinated Loans, or Subordinated Deposits, or Hybrid Financial Instruments for an aggregate amount of up to USD one billion or its equivalent in local or other foreign currencies to finance the Bank's activities, in addition to the remaining part of the previously approved amount by the last Extraordinary General Assembly. All subordinated instruments can be included in the Bank's capital and or subordinated capital (Tier II capital), if need be. Moreover, authorizing the Board of Directors to determine the necessary conditions and take all procedures and steps related to the issuance and make any necessary amendments in accordance with the requirements of the regulatory authorities.

Please note the following:

First:         Each shareholder is entitled to attend the General Assembly meeting in person or by a power of attorney or written authorization to another shareholder, other than CIB's Board Members.  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 through the link on the E-magles Platform a certificate accompanied by statement of blocked shares issued by an authorized custodian confirming blocking of shares at least three days prior the meeting date.

Third:       Detailed statements and documents - as stipulated in articles 219, 220 and 221 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 General Assembly Agenda items 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 resolutions of the Ordinary General Assembly shall be issued by the absolute majority of the shareholders' votes represented in the meeting without prejudice to any other voting requirements stipulated in the relevant regulations.

Sixth:        If the legal quorum of the Extraordinary General Assembly is not attained, a second meeting will take place Sunday, April 21, 2024 at 2:30 pm at the same venue.  The second meeting of the Ordinary General Assembly shall be considered valid regardless of the number of shares represented therein.

Chairman of the Board

Amin Hisham Ezz Al-Arab

 

END