REG - Commercial Int Bank - Invitation to General Assembly September 2025

Commercial International Bank Egypt CIBAnnouncement

01/09/2025 07:05

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RNS Number : 4154X  Commercial Intnl Bank (Egypt) SAE  01 September 2025

Commercial International Bank - Egypt (CIB) S.A.E.

Authorized Capital:    EGP 100 Billion

Issued and Paid-in Capital: EGP 30,708,510,000
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 Thursday, September 25, 2025 at 5:00pm. The meeting will take
place at the Bank's headquarters in the Financial District, Smart Village,
Zone F10, Building B-219, (Km 28 Cairo-Alex. Desert Road).

 

In accordance with 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 can be attended in person or 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 Monday, September
8, 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
(file:///C%3A/Users/disacr/AppData/Local/Microso%23%0dft/Windows/INetCache/Content.Outlook/RHICI2IJ/rebrand.ly/cibbank)

 

 

 

 

Shareholders can start voting via E-magles Platform as of Wednesday, September
17, 2025.

 

The Ordinary General Assembly Agenda:

 

The Assembly shall meet to consider the following items on the agenda:

 

(1)   Approve the changes in the composition of the Board of Directors that
have occurred since the previous General Assembly held on March 23, 2025.

 

 

(2)   Approve utilizing a portion of the general reserve to increase the
issued and paid-in capital from EGP 30,708,510,000 to EGP 33,779,361,000 - an
increase of EGP 3,070,851,000 - through the issuance of 307,085,100 bonus
shares. The increase will be implemented by distributing one bonus share for
every ten existing shares. Any fractional shares resulting from the allocation
will be rounded in favor of smaller shareholders. This capital increase is
subject to the approval of the Central Bank of Egypt.

 

(3)   Approve amending Articles "6" and "7" of the Bank's statues to reflect
the above increase in the issued capital and authorize Mr. Mahmoud Abbas
Mohamed Ahmed, Chief Legal Officer, or, in his absence, Mr. Aboelhasan Amer
Ahmed Amin, Head of the Bank's Litigation and Implementation Group to sign the
amendment documents of the Bank's Statute before the relevant Notary Office.

 

 

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 Sunday, September 28, 2025 at 2:30 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

 

 

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