OIH BOD Summaries

Orascom Investment Holding S.A.E

16 May 2023

 

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

15 May 2023

On Monday, May 15, 2023, the newly elected Board of Directors by the Ordinary General Assembly Meeting on 15 May 2023, met at 15:00 by video call after the OGM was concluded, as per the Company's AoA:

-     Eng. Naguib Onsi Sawiris, Board Member;

-     Eng. Akil Beshir, Non-Executive Expert Board Member;

-     Mr. Hassan Mostafa Abdoو OTMT Acquisition S.à r.l representative, Non-Executive Board Member;

-     Mr. Marwan Hussein Mohamed, OTMT Acquisition S.à r.l representative;

-     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; Board Member

Mr. Naguib Sawiris chaired the meeting and Ms. Rita Ibrahim Ishak was appointed Secretary of the Board.

The Resolutions:

1.   To appoint Mr. Naguib Onsi Sawiris as the Board of Director Chairman.

2.   To appoint Mr. Marwan Hussein Mohamed as the Managing Director.

3.   To keep all previously granted authorities as registered in the Commercial Register as is.

4.   The Board approved the plan proposed by the Management to restructure some of the Company's subsidiaries in the Netherlands and Brazil, on one or more steps, including to transfer assets from and to a subsidiary. The Board delegated Mr. Marwan Hussein and Mr. Oussama Daniel Nassif, to sign jointly all documents, agreements and powers to execute the restructuring.

  Head of Investors Relations

Malak El-Meteini

 

END