CIB Summary of Board Resolution 9 Feb 2026

Commercial Intnl Bank (Egypt) SAE

10 February 2026

 

http://www.rns-pdf.londonstockexchange.com/rns/3251S_1-2026-2-9.pdf

      CAIRO - February 9^th 2026

The Board of Directors of Commercial International Bank - Egypt (CIB) convened today, February 9^th, 2026, and below is a summary of the decisions taken:

·    Approving the separate and consolidated financial statements for the period ended December 31^st, 2025, the profit and loss account, the appropriation account for the year 2025, the Board of Directors' annual report depicting the Bank's activities during the same year, which includes the sustainability and climate change disclosures issued by the Financial Regulatory Authority (FRA). The Board also approved the Governance report for companies listed on the Egyptian Exchange (EGX) issued by the FRA.

·    Approving the invitation to the Ordinary General Assembly to convene on Sunday, March 15^th 2026, subject to the approval of the Central Bank of Egypt (CBE). A copy of the invitation will be published in due course.

·    Approving the proposal to increase the issued and paid-up capital from EGP 33,779,361,000 to EGP 34,051,391,000 through an increase of 27,203,000 shares with a par value of EGP 10 per share, in order to make available the shares owed to employees for the year 2022 which represents the 17^th tranche of the Employee Stock Ownership Plan (ESOP) through a promise to sell, to be presented to the Ordinary General Assembly for approval. The Board also approved the proposal to amend Articles (6) and (7) of the Bank's Articles of Association to reflect the aforementioned capital increase, and will be presented to the Ordinary General Assembly for approval following receiving the approval of the CBE. The Board also approved the disclosure form in order to proceed with the aforementioned capital increase, taking into account the listing rules and executive regulations issued by the EGX and the FRA, and delegated the CEO and Board member in amending the disclosure form in accordance with requirements of the relevant regulatory bodies, and has the right to delegate.

·    Approving the invitation to the Extraordinary General Assembly to convene on Sunday, March 15^th 2026, regarding following decisions. A copy of the invitation will be published in due course.

o  Approving the proposal to amend Article (52) of the Articles of Association, subject to the approval of the CBE.

o  Approving the ESOP for employees, managers, executive Board members of CIB and its subsidiaries, and its seconded staff to its subsidiaries. The Board also approved the disclosure form in order to proceed with the implementation procedures, and delegated the CEO and Board member in amending the disclosure form in accordance with the requirements of the relevant regulatory bodies, and has the right to delegate.

·    Formation of the Audit committee; to be Chaired by Mr. Borchard Ekis, with Mr. Jawaid Mirza and Eng. Hoda Mansour as committee members.

Nelly El Zeneiny

Investor Relations Manager

 

END