OIH BOD Summary

Orascom Investment Holding S.A.E

15 November 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 November 2023

On November 14, 2023, upon the invitation of the 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 Abdo, 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; Executive Board Member.

Mr. Oussama Daniel Nassif was appointed Secretary of the Board.

The Resolutions:

1.     To ratify the Audit Committee's report on the standalone financial statements for the fiscal period ending on 30/09/2023.

2.     To approve Board of Directors' report on Company's activities for the fiscal period ending on 30/09/2023.

3.     To ratify the Auditor's report on the standalone financial statements for the fiscal period ending on 30/09/2023.

4.     To ratify the standalone financial statements for the fiscal period ending on 30/09/2023.

5.     To delegate any (2) of the following persons to contract and sign agreements with OIH subsidiaries, including financing, loan, purchase, sale and lease and any other agreements, without limit:

a.  Mr. Marwan Mohamed, Managing Director;

b.  Mr. Oussama Daniel Nassif, General Counsel; and

c.  Mr. Wael Adel Fawzi, Chief Finance Officer.

6.     To delegate and authorize:

a.  Mr. Naguib Sawiris, Chairman;

b.  Mr. Marwan Mohamed, Managing Director; and

c.  Mr. Oussama Daniel Nassif, General Counsel

jointly and severally, to reconcile, acknowledge, deny, release, hand over and receive amounts, sign receipts, give releases, and represent the Company and sign on its behalf at board of directors and general assemblies' meetings, and authorize them to delegate all or part of the foregoing.

Head of Investors Relations

        Malak El-Meteini

 

END