REG - Commercial Int Bank - Board Resolutions Summary 3 Nov 2022

Commercial International Bank Egypt CIBAnnouncement

04/11/2022 07:00

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RNS Number : 2911F  Commercial Intnl Bank (Egypt) SAE  04 November 2022

CAIRO - November 3(rd), 2022

 

The Board of Directors of Commercial International Bank (Egypt) met today, and
the following summarize the main decisions taken:

1)   Approving the separate and consolidated financial statements for 3Q22,
the period ended September 30(th), 2022.

2)   The Audit Committee was notified by our auditor Farid Samir Farid -
Saleh, Barsoum & Abdelaziz, about the announcement of the planned exit
from the Deloitte Network which will take place on December 1(st), 2022, and
that they will become the Grant Thornton member firm in Egypt effective
December 2(nd), 2022. The Board of Directors decided to continue dealing with
Farid Samir Farid - Saleh, Barsoum & Abdelaziz as the Bank's auditor for
the remainder of the fiscal year 2022. The Board will advise the shareholders
in the Bank's first upcoming General Assembly Meeting.

3)   CIB is pleased to announce the start of the nomination process of the
Board directorship for the coming three-year Board term commencing March 2023,
pursuant to the Article "233" of the Regulations for Companies Law No. 159 of
1981. Those who wish to apply for directorship are to request the nomination
form from the Bank's Legal Group via the email mohy.megahed@cibeg.com
(mailto:mohy.megahed@cibeg.com) from November 10(th) until November 24(th),
2022.

 

 

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(http://www.rns-pdf.londonstockexchange.com/rns/2911F_1-2022-11-3.pdf)

 

 

Nelly El Zeneiny

Investor Relations Senior Officer

 

 

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