Commercial International Bank
- Egypt (CIB) S.A.E.
Authorized Capital: EGP 100
Billion
Issued and Paid-in Capital: EGP
30,431,580,000
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 on
Sunday, March 23, 2025 at
2:00pm. The meeting will take place 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
No. 159 of 1981, as amended by Law No. 4 of 2018, and in compliance
with the Central and Banking System Law No. 194 of 2020 and Article
"39" of the Bank's Statutes, the General Assembly will be conducted
both in person and virtually via "E-magles" platform. Shareholders
may participate in the meeting by attending physically or through
the platform, which will be considered as official attendance.
Voting on the agenda items will also be carried out through the
"E-magles" platform.
Shareholders intending to attend, whether in person
or virtually are required to register via the provided link or QR
code, starting from Sunday, March
2nd, 2025.
For attendance and voting purposes, shares blocking
certificates, powers of attorney, and attendance authorizations
must be submitted through the same link or QR code below.
rebrand.ly/cibbank
Shareholders can start voting via E-magles Platform
as of Sunday, March 16,
2025.
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 Fiscal Year 2024.
(2) Approve the Governance
Report with its associated Auditors' Reports for the Fiscal Year
2024.
(3) Approve the Auditors'
Reports on the separate and consolidated financial statements for
the Fiscal Year 2024.
(4) Ratify the separate and
consolidated financial statements for the Fiscal Year 2024.
(5) Approve the Appropriation
Account for the Fiscal Year 2024 and delegate the Board of
Directors to set and approve the guidelines for the staff profit
share distribution.
(6) Approve the increase of
the issued and paid in capital by (27,693,000) shares, from EGP
30,431,580,000 to EGP 30,708,510,000 - an increase of EGP
276,930,000 - in order to fulfill the bank's obligations pertaining
to "Year 16" 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 updates to
the Board of Directors' composition since the last General Assembly
held on March 25, 2024.
(8) Release the Chair and
Board Members from any liabilities related to the Bank's activities
during the Fiscal Year 2024.
(9) Approve the proposed
annual allowance and remuneration for Non-Executive Directors for
the Fiscal Year 2025.
(10) Approve the appointment of the
External Auditors and the proposed fees for the Fiscal Year
2025.
(11) Authorize the Board of
Directors to make donations exceeding EGP 1000 during the Fiscal
Year 2025 and ratify all donations made in Fiscal Year 2024.
(12) Grant authorization for the
Non-Executive Directors to hold full-time positions in other
shareholding companies.
Please note the following:
First: Each
shareholder has the right to attend the General Assembly meeting
either in person or through a power of attorney or written
authorization granted to another shareholder, excluding CIB Board
Members. No shareholder may represent more than 10% of the
Bank's total shares or 20% of the shares represented at the
Meeting.
Second: For
attendance verification, each shareholder must
submit a certificate via the E-magles platform,
along with a statement of blocked shares issued by an authorized
custodian, confirming the shares having been blocked at least three
days prior to the meeting date.
Third: In accordance with Article "219", "220" and "221" of the
Executive Regulations of Law No. 159 of 1981, detailed
statements and documents will be available for shareholders' review
at the Bank's Financial Controls Department, Head Office, during
official working hours.
Fourth: Any inquiries regarding the General
Assembly agenda items must be submitted in writing to the Bank's
Financial Controls Department, Head Office, either via registered
mail or hand delivery with receipt confirmation, at least three
days before the meeting. Only matters related to the stated
agenda will be discussed during the meeting.
Fifth: Resolutions of the
Ordinary General Assembly will be passed by an absolute majority of
the votes represented in the meeting, without prejudice to any
additional voting requirements stipulated by applicable
regulations.
Sixth: If the required legal quorum
is not met, a second meeting will be held on Monday, March 24, 2025 at 2:00 PM at the same
venue. This second meeting will be considered valid
regardless of the number of shares represented.
Chair of the Board
Neveen Aly Fayek Sabbour
