OIH BOD Summary

Orascom Investment Holding S.A.E

15 June 2023

 

Orascom Investment Holding S.A.E.

Established pursuant to the provisions of Law 95/1992

Head Office: Nile City Towers, South Tower,

2005 A corniche El Nile, Ramlet Beaulac, 11221, Cairo, Egypt

Commercial register number: 394061 Cairo

Summary of Board of Directors Resolutions by Circulation

14 June 2023

On June 14, 2023, upon the invitation of the Board Chairman, Eng. Naguib Onsi Sawiris, the following resolutions were taken by circulation by all members of the Board, as per the Company's AoA:

-     Eng. Naguib Onsi Sawiris, Chairman;

-     Mr. Marwan Hussein Mohamed, OTMT Acquisition S.à r.l representative, Managing Director;

-     Eng. Akil Beshir, Non-Executive Expert Board Member;

-     Mr. Hassan Mostafa Abdoو OTMT Acquisition S.à r.l representative, Non-Executive Board Member;

-     Mr. Ashraf Abdel Tawab Salman, Non-Executive Expert Board Member;

-     Mr. Mohamed Hamdan Ashmawy, Non-Executive Expert Board Member (independent); and

-     Mrs. Wafaa Shoukry Zaklama, Board Member;

-     Mrs. Manal Abdel Hamid; Board Member

Ms. Rita Ibrahim Ishak was appointed Secretary of the Board.

The Resolutions:

1.   The Board ratified the Audit Committee's report on the consolidated financial statements for the fiscal period ending on 31/03/2023.

2.   To approve the Board's report on Company's activities for the fiscal period ending on 31/03/2023.

3.   To ratify the Auditor's report on the consolidated financial statements for the fiscal period ending on 31/03/2023.

4.   To ratify the consolidated financial statements for the fiscal period ending on 31/03/2023.

5.   To ratify the appointment of Mr. Wael Adel Fawzi as Chief Financial Officer, as of 01/07/2023.

6.   To approve the composition of the Investment Committee ("IC") to be as follows:

1.   Naguib Sawiris, Chairman;

2.   Hassan Abdo, member;

3.   Marwan Hussein, member;

4.   Akil Hamid Beshir;

5.   Oussama Daniel Nassif, member; and

6.   Wael Adel Fawzi, member.

7.   To cancel the signature authorities given to Mr. Mohamed Sherif El Samanoudy and replace him by Mr. Wael Adel Fawzi with the same signature authorities.

Head of Investors Relations

Malak El-Meteini

 

END