RNS Number : 3340Z
EFG-Hermes Holdings SAE
13 May 2023
 

TRANSLATION FROM ARABIC

Summary of Resolutions for the Annual General Meeting

EFG Hermes Holding S.A.E.

Held on May 13th, 2023

 

Resolution no.1

The AGM approved the Board of Directors' report on the company's activities for the financial year ended 31/12/2022.

 

 

Resolution no.2

The AGM approved the Company's auditor report on the financial statements for the fiscal year ended 31/12/2022.

 

 

Resolution no.3

The AGM ratified the financial statements for the fiscal year ended 31/12/2022.

 

 

 

Resolution no.4

The AGM approved the corporate governance report for the fiscal year ended 31/12/2022.

 

 

 

Resolution no.5

The AGM approved the transfer of EGP1,459,606,010 from the retained earnings account as at 31/12/2022 to the capital increase account, to distribute (1) bonus share for every (4) shares held by each shareholder.

 

 

 

Resolution no.6

The AGM approved the appropriations account for the fiscal year ended 31/12/2022 as follows:

 

 


 

For the Fiscal Year ended 31/12/2022

(EGP)


Net Profit for the year

2,097,796,241


Retained earnings

206,550,120


Profits appropriate for distribution

2,304,346,361


Distributed as follows:



Legal Reserve

104,889,812


Shareholders' dividends- bonus shares

1,459,606,010


Employees portion

142,450,000


Non-Executive Board of Directors' bonus

40,040,000


Retained Earnings

557,360,539


Total

2,304,346,361

 

Resolution no.7

The AGM approved the discharge of the Chairperson and the Board members from all liabilities concerning the activities of fiscal year 2022.

 

 

Resolution no.8

The AGM ratified the changes in the composition of the Board which occurred up to the date of the General Assembly Meeting.

 

Resolution no.9

The AGM elected the company's Board of Directors for a three years-term. The Board of Directors composition will be as follows:


Name

Title

Executive/Non-Executive

1-

Mona Zulficar

Chairperson

Non-Executive - Independent

2-

Yasser El Mallawany

Vice Chairman

Non-Executive

3-

Karim Awad

Group Chief Executive Officer

Executive

4-

Efstratios Arapoglou

Board Member

Non-Executive

5-

Marwan Al Araby

Board Member

Non-Executive - Independent

6-

Jean Cheval

Board Member

Non-Executive

7-

Abdullah Khalil Al Mutawa

Board Member

Non-Executive - Independent

8-

Khalid Mana Al Otaiba

Board Member

Non-Executive - Independent

9-

Ramsay Zaki

Board Member

Non-Executive - Independent

10-

Géraud Brac de la Perrière

Board Member

(DF EFG3 Limited representative)*

Non-Executive

11-

Thomas Volpe

Board Member

Non-Executive - Independent

12-

Mona Yassine

Board Member

Non-Executive - Independent

* Fully owned by Natixis S.A.

 

 

Resolution no.10

The AGM approved non-executive Board members' remunerations for the fiscal year 2022, and approved the Board of Directors' remunerations, attendance and travel allowances for the fiscal year 2023.

 

Resolution no.11

The AGM approved the reappointment of the Company's auditor - Mr. Ihab Mohamed Fouad Abu Al-Majd, Partner, at KPMG Hazem Hassan for the fiscal year 2023 and delegated the Board of Directors to determine the fees based on a recommendation from the audit committee.

 

 

Resolution no.12

The AGM ratified the donations for the fiscal year 2022 which totaled to EGP30,050,000; and authorized the Board to approve donations in excess of EGP1,000 during the fiscal year 2023.

 

 

For further information:

Investor Relations Department

Email: investor-relations@efg-hermes.com

Tel: +20 (0)2 35356710

Fax: +20 (0)2 35357017

 

Head of Investor Relations - Hanzada Nessim

Email: hnessim@efg-hermes.com

Tel: +20 (0)2 35356502

Fax: +20(0)2 3535 7017

 

www.efg-hermes.com

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