REG - Commercial Int Bank - CIB Summary of Board Resolution 9 Feb 2026

Commercial International Bank Egypt CIBAnnouncement

10/02/2026 07:00

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RNS Number : 3251S  Commercial Intnl Bank (Egypt) SAE  10 February 2026

 

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

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