Notice of AGM

RNS Number : 4771G

Commercial Intnl Bank (Egypt) SAE

07 June 2013

 



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

Authorized Capital:    EGP 20 Billion

Issued and Paid-in Capital: EGP 6,001,623,790

Head Office: Nile Tower Building

21/23 Charles de Gaulle St., Giza,

C.R. 69826 Giza

Invitation to the Ordinary General Assembly

The Bank's Board of Directors cordially invites its esteemed shareholders to attend the Ordinary General Assembly to be held  Monday, 1^st of July, 2013 at 02:30 P.M.  at the Bank's Premises, Building F10 - B219, Banks' Zone Financial District, Smart Village, (at Km 29 of Cairo - Alex Desert Road), 6^th of October, Giza Governorate.

The Purpose of the Meeting is to discuss and resolve the following items:

(1)   Consider and approve transferring portion of the General Reserve into stocks to increase the Issued Capital from EGP 6,001,623,790 to EGP 9,002,435,685 and distribute the resulting increase in stocks to shareholders as stock dividends (one stock for every two) after obtaining all necessary approvals and delegate the Chairman & Managing Director in fulfilling all necessary procedures in relation to executing said increase.

(2)   Advise shareholders of the changes in the Board's Composition since the last assembly meeting.

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 stocks and 20% of the stocks represented at the Meeting.

Second:For attendance purposes, each shareholder is requested to present a certificate accompanied by statement of stocks issued by an authorized bookkeeper confirming blocking of stocks at least three days prior the meeting date.

Third:     Detailed statements and documents - as stipulated in articles 219 & 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 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:        If the legal quorum of the Ordinary General Assembly is not attained, a second meeting shall take place Tuesday, 2^nd of July, 2013 at 02:30 P.M. at the Bank's Premises, Building F10 - B219, Banks' Zone Financial District, Smart Village, (at Km 29 of Cairo - Alex Desert Road), 6^th of October, Giza Governorate.  The second meeting shall be considered valid regardless of the number of stocks represented therein. 

Sixth:      The resolutions of the Ordinary General Assembly shall be issued by the absolute majority of the shareholders' votes 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

 

END

 

 

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