EFG-Hermes Holdings SAE AGM Summary of Resolutions (3640M)
May 11 2020 - 1:00AM
UK Regulatory
TIDMEFGD
RNS Number : 3640M
EFG-Hermes Holdings SAE
10 May 2020
TRANSLATION FROM ARABIC
Summary of Resolutions for the Annual General Meeting
EFG Hermes Holding S.A.E.
Held on May 7(th) , 2020
Resolution no.1
The AGM approved the Board of Directors' report on the company's
activities for the financial year ended 31/12/2019.
Resolution no.2
The AGM approved the financial auditor's report on the financial
statements for the fiscal year ended 31/12/2019.
Resolution no.3
The AGM ratified the financial statements for the fiscal year
ended 31/12/2019.
Resolution no.4
The AGM approved the corporate governance report for the fiscal
year ended 31/12/2019 .
Resolution no.5
The AGM approved the discharge of the Board Members from all
liabilities concerning the activities of fiscal year 2019
Resolution no.6
The AGM approved the re-election of 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 CEO and Board Member Executive
-------------------- --------------------------------------- ------------------------
4- Takis Arapoglu Board Member Non-Executive
-------------------- --------------------------------------- ------------------------
5- Marwan Al Araby Board Member Non-Executive
- Independent
-------------------- --------------------------------------- ------------------------
6- Jean Cheval Board Member Non-Executive
(DF EFG3 Limited representative)*
-------------------- --------------------------------------- ------------------------
7- Zubyr Soomro Board Member Non-Executive
- Independent
-------------------- --------------------------------------- ------------------------
8- Abdulla Al Mutawa Board Member Non-Executive
- Independent
-------------------- --------------------------------------- ------------------------
9- Khalid Al Otaiba Board Member Non-Executive
- Independent
-------------------- --------------------------------------- ------------------------
10- Ramsay Zaki Board Member Non-Executive
- Independent
-------------------- --------------------------------------- ------------------------
11- Timothy Collins Board Member Non-Executive
(RA MENA Holdings LTD representative)
-------------------- --------------------------------------- ------------------------
12- Elizabeth Critchley Board Member Non-Executive
(RA Holdings I LTD representative)
-------------------- --------------------------------------- ------------------------
*Fully owned by Natixis S.A.
Resolution no.7
The AGM approved non-executive Board members' remunerations for
the fiscal year 2019, and approved the Board of Directors'
remunerations, attendance and travel allowances for the fiscal year
2020.
Resolution no.8
The AGM approved the reappointment of the Company's financial
auditor - Mr. Hatem Abdel Moneim Montasser of KPMG Hazem Hassan -
for the fiscal year 2020 and delegated the Board of Directors to
determine the fees.
Resolution no.9
The AGM ratified the donations for the fiscal year 2019 which
totaled to EGP21,000,000; and authorized the Board to approve
donations in excess of EGP1,000 during the fiscal year 2020.
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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END
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