AGM Statement

EZZ Steel Company - S.A.E.

21 May 2023

 

EZZ Steel Company - S.A.E.

Cairo, 21 May 2023 - Ezz Steel (EGX: ESRS; London Stock Exchange: AEZD)

The resolutions of the company's Ordinary General Assembly meeting held on 20 May 2023 are as follows:

1)   Approving the Board of Directors' report on fiscal year 2022.

2)   Approving the auditor's report on the company's financial statements for the fiscal year ending 31/12/2022.

3)   Approving the auditor's report on the Governance Report for fiscal year 2022.

4)   Ratifying the company's financial statements for the fiscal year ending 31/12/2022.

5)   discharging the Chairman and the Directors of the Board from their liabilities for the fiscal year ending 31/12/2022.

6)   Electing the following Board Directors for the upcoming 3 years Board term:

Name	Title
Mr. Mamdouh El Rouby	Chairman	Non-executive
Mr. Hassan Ahmed Nouh	Managing Director	Executive
Mr. Raed El Beblawy	Board member	Non-executive
Eng. Fayez Aly	Board member	Non-executive
Eng. Gamil Iskandar	Board member	Non-executive
Mrs. Hala Bassiouny	Board member	Non-executive

7)   Approving the Board of Directors' allowance and remuneration for the upcoming fiscal year.

8)   Approving the appointment of the Company's auditor and setting his remuneration for the fiscal year ending 31/12/2023.

9)   Ratifying the related parties' contracts concluded during the year 2022 and authorizing the Board of Directors to enter into related party contracts during the year 2023; and delegating the Board to issue guarantees from external parties on behalf of subsidiaries and sister companies.

10) Authorizing the Board of Directors to grant donations during the year 2023, and approving the donations granted during the year 2022. 

Investor Relations

 

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