OIH BOD Summary

Orascom Investment Holding S.A.E

28 April 2024

 

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 Video Call

24 April 2024

On April 24, 2024, upon the invitation of the Chairman, Eng. Naguib Onsi Sawiris, the following resolutions were taken by meeting via video call 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 and consolidated annual financial statements for the fiscal year ending on 31/12/2023.

2.     To approve Board of Directors' report on Company's activities for the fiscal year ending on 31/12/2023.

3.     To ratify the Auditor's report on Auditor's report on the standalone and consolidated financial statements for the fiscal year ending on 31/12/2023.

4.     To ratify the standalone and consolidated financial statements for the fiscal period ending on 31/12/2023.

5.     To approve the Company's Governance Report for the fiscal year ending on 31/12/2023.

6.     To approve the Climate Financial Disclosure report for the fiscal year ending on 31/12/2023.

7.     To approve the Environmental, Social and Governance Report for the fiscal year ending on 31/12/2023.

8.     To appoint as independent Board Members the following members: Dr. Ahmed Darwish, Non-Executive Board Member (Independent); and Mr. Khalid Ezz El Dine Ismail, Non-Executive Board Member (Independent).

9.   To amend the composition of the Audit Committee ("AC") and delegate the AC to carry out the responsibility of the Governance & Risk Committees, to be as follows:

a.   Mr. Mohamed Hamdan Ashmawy, Chairman;

b.   Mr. Ashraf Abdel Tawab Salman, member; and

c.   Dr. Ahmed Darwish, member.

10.       To approve the Company's investment plan for the financial year 2024 and the Chairman decision to call the General Assembly to meet in an ordinary meeting.

Head of Investors Relations

                Malak El-Meteini

 

END