EZZ Steel Company - S.A.E.
Cairo, 21 May 2023 - Ezz Steel (EGX: ESRS; London Stock Exchange: AEZD)
The resolutions of the company's Ordinary General Assembly meeting held on 20 May 2023 are as follows:
1) Approving the Board of Directors' report on fiscal year 2022.
2) Approving the auditor's report on the company's financial statements for the fiscal year ending 31/12/2022.
3) Approving the auditor's report on the Governance Report for fiscal year 2022.
4) Ratifying the company's financial statements for the fiscal year ending 31/12/2022.
5) discharging the Chairman and the Directors of the Board from their liabilities for the fiscal year ending 31/12/2022.
6) Electing the following Board Directors for the upcoming 3 years Board term:
Name | Title |
|
Mr. Mamdouh El Rouby | Chairman | Non-executive |
Mr. Hassan Ahmed Nouh | Managing Director | Executive |
Mr. Raed El Beblawy | Board member | Non-executive |
Eng. Fayez Aly | Board member | Non-executive |
Eng. Gamil Iskandar | Board member | Non-executive |
Mrs. Hala Bassiouny | Board member | Non-executive |
7) Approving the Board of Directors' allowance and remuneration for the upcoming fiscal year.
8) Approving the appointment of the Company's auditor and setting his remuneration for the fiscal year ending 31/12/2023.
9) Ratifying the related parties' contracts concluded during the year 2022 and authorizing the Board of Directors to enter into related party contracts during the year 2023; and delegating the Board to issue guarantees from external parties on behalf of subsidiaries and sister companies.
10) Authorizing the Board of Directors to grant donations during the year 2023, and approving the donations granted during the year 2022.
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