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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