Commercial International Bank
- Egypt (CIB) S.A.E.
Authorized Capital: EGP 100
Billion
Issued and Paid-in Capital: EGP
30,195,010,000
Head Office: Nile Tower Building
21/23 Charles de Gaulle
St., Giza,
C.R. 69826 Giza
Invitation to the Ordinary General Assembly
The Board of Directors of the
Commercial International Bank - Egypt (CIB) S.A.E cordially invites
the Bank's shareholders to attend the Ordinary General Assembly to be held
Monday, March 25, 2024 at
2:00pm. The meeting will be held at the Bank's premises in the Financial District, Smart Village,
Zone F10, Building B-219, (Km 28 Cairo-Alex. Desert
Road).
In accordance to Article "73" of the
Companies Law 159 of 1981 and its amendment Law 4 of 2018 and in
compliance with the Central and Banking System Law 194 of 2020 and
Article "39" of the Bank's Statutes, the General Assembly will be
held and participated in via virtual means, using "E-magles"
Platform. Shareholders are to attend the assembly in person or via
the above mentioned platform - which is considered an authentic
attendance.
Shareholders voting on the items of
the agenda should be via "E-magles" Platform. that
platform.
Shareholders who wish to attend
virtually or in person should register using the following link or
the QR Code starting Monday, March
4, 2024.
For attendance and voting purposes,
blocking shares certificates, powers of attorney, and attendance
authorizations are to be sent via the same link or QR Code down
below.
rebrand.ly/cibbank
Shareholders can start voting via
E-magles Platform as of Wednesday, March 20, 2024.
The
Ordinary General Assembly Agenda:
The Assembly shall meet to consider
the following items on the agenda:
(1) Approve the
Board of Directors' Report for the FY 2023.
(2) Approve the
Governance Report with its associated Auditors' Reports for the FY
2023.
(3) Approve the
Auditors' Reports on the separate and consolidated financial
statements for the FY 2023.
(4) Ratify the
separate and consolidated financial statements for the FY
2023.
(5) Approve the
Appropriation Account for the FY 2023 and delegate the Board to set
and approve the guidelines for the staff profit share
distribution.
(6) Approve the
increase of the issued and paid in capital by (23,657,000) shares,
from EGP 30,195,010,000 to EGP 30,431,580,000 - an increase of EGP
236,570,000 - in order to fulfill the bank's obligations pertaining
to "Year 15" of the "Promise to Sell - Employees' Stock Ownership
Plan" approved by the Financial Regulatory Authority and to
delegate the Board of Directors - subject to the approval of the
Central Bank of Egypt - to amend articles "Six" and "Seven" of the
Bank's statues to reflect the above increase in the issued capital.
Procedures for said increase will pursue after the approvals of the
relevant authorities.
(7) Approve the
changes to the Board of Directors' composition since the last
General Assembly held March 20, 2023.
(8) Discharge the
Chair and Members of the Board from all liabilities with regard to
the Bank's activities during the FY 2023.
(9) Approve the
proposed Board and Board's Committees annual allowance and
remuneration for the Non-Executive Directors for the FY
2024.
(10) Approve the appointment
of the External Auditors and approve the proposed fees for the FY
2024.
(11) Authorize the Board of
Directors to effect donations exceeding EGP 1000 during the FY 2024
and ratify all donations made during the FY 2023.
(12) Authorize the
Non-Executive Directors of the Board to assume full time jobs in
other shareholding companies.
Please note the
following:
First:
Each shareholder is entitled to attend the General
Assembly meeting in person or by a power of attorney or written
authorization to another shareholder, other than CIB's Board
Members. Any shareholder is not entitled to represent in the
form of proxies more than 10% of the total Bank shares and 20% of
the shares represented at the Meeting.
Second:
For attendance purposes, each shareholder
is requested to present through the link on the E-magles Platform a
certificate accompanied by statement of blocked shares issued by an
authorized custodian confirming blocking of shares at least three
days prior the meeting date.
Third: Detailed statements and
documents - as stipulated in articles 219, 220 and 221 of the
Executive Regulations of Law No. 159/1981 - will be available
at the Bank's Financial Controls Department, Head Office, during
the Bank's official working hours for the perusal of all
shareholders.
Fourth: Any inquiry concerning the General Assembly Agenda items
should be addressed in writing to the Bank's Financial Controls
Department, Head Office, via registered mail or hand delivered
against a receipt, at least three days prior the Assembly
date. Only items pertaining to the stated agenda shall be
discussed during the meetings.
Fifth:
The resolutions of the Ordinary General Assembly
shall be issued by the absolute majority of the shareholders' votes
represented in the meeting without prejudice to any other voting
requirements stipulated in the relevant regulations.
Sixth: If the legal
quorum of the Ordinary General Assembly is not attained, a second
meeting will take place Tuesday,
March 26, 2024 at 2:00 pm at the same venue. The second meeting of the Ordinary General
Assembly shall be considered valid regardless of the number of
shares represented therein.
Chairman of the Board
Amin Hisham Ezz Al-Arab