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
Authorized Capital: EGP 2,885,129,841 billion
Issued Capital: EGP 577,025,968.2 (fully paid)
Number of Issued Shares: 5,245,690,620
Commercial register number: 394061 Cairo
Summary of the Board of Directors Resolutions
25 October 2022
Via Circulation
On Tuesday 25 October 2022, upon the invitation of Eng. Akil Hamed Beshir-Chairman of the Board, the following resolutions were taken via circulation by the following members of the Board of Directors, namely:
· Eng. Akil Hamed Beshir, Non-Executive Chairman (independent);
· Eng. Naguib Onsi Sawiris, CEO and Managing Director;
· Eng. Iskandar Shalaby Naguib Shalaby, Executive Board Member;
· Eng. Hassan Mostafa Abdo, Non-Executive Board Member;
· Mr. Ashraf Abdel Tawab Salman, Non-Executive Board Member (independent);
· Mr. Oussama Daniel Nassif, Executive Board Member;
· Mr. Mohamed Hamdan Ashmawy, Non-Executive Board Member (independent); and
· Mrs. Wafaa Shoukry Zaklama, Non-Executive Board Member.
Ms. Nada Yasser Hafez was appointed as the Meeting's Secretary.
The Resolutions:
First resolution: The Board unanimously accepted the resignation of Mr. Akil Hamid Bashir as Chairman of the Board starting from 01/11/2022, while continuing to serve as non-executive Board Member, provided that such resolution will be submitted to the Company's shareholders during the next general assembly meeting for their confirmation.
Second resolution: The Board unanimously resolved to change to capacity of Engineer Naguib Onsi Sawiris as Managing Director and CEO and his appointment as Executive Chairman of the Company as of 01/11/2022, provided that such resolution will be submitted to the Company's shareholders during the next general assembly meeting for their confirmation.
Third resolution: The Board unanimously approved the nomination of Mr. Marwan Mohamed Hussein as the Company's Chief Executive Officer as of 01/11/2022.
Chief Financial Officer
Marwan Mohamed Hussein
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