REG - Commercial Int Bank - Summary of Resolutions - GAM September 2025

Commercial International Bank Egypt CIBAnnouncement

25/09/2025 16:00

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RNS Number : 8805A  Commercial Intnl Bank (Egypt) SAE  25 September 2025

 

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Ordinary General Assembly

25 September 2025

 

Resolutions Summary

 

Item (1)

 

Approve the changes to the Board of Directors' composition

since the previous General Assembly of March 23(rd), 2025

 

The General Assembly noted and approved the changes to the composition of the
Board of Directors that took place since the last General Assembly held March
23, 2025.

 

Accordingly, the current composition of the Board of Directors is as follows:

Mrs. Neveen Aly Fayek
Sabbour                           Independent Chair

Mr. Amin Hisham Mohamed Amin Ezz Al-Arab               Chief
Executive Officer

Mr. Sherif Samir Mahmoud Samy
Independent Board Member

Mr. Fadhel Abdul Baqy Abulhasan Alqaed AlAli  Non-Executive Board Member

representing Alpha Oryx Limited

Mr. Aziz
Moolji
Non-Executive Board Member

representing Alpha Oryx Limited

Ms. Hoda Ahmed Mohamed Mansour                   Independent
Board Member

Mr. Jawaid Ahmed
Mirza
Non-Executive Board Member

Mr. Burkhard Amadeus
Eckes                              Independent
Board Member

Mr. Georgios
Anagnostopoulos
Independent Board Member

Mr. Amr Youssef Hassan El-Ganainy                    Deputy
Chief Executive Officer and Board

Member

 

Mr. Islam Osama Bahgat
Zekry                             Group Chief
Finance & Operations Officer

and Board Member

 

Item (2)

 

Increase the Issued and Paid-in Capital and Issue of Bonus Shares

The General Assembly approved to utilize a portion of the general reserve as
of the Financial Statements of March 31, 2025 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.

 

The General Assembly also approved authorizing the Chief Executive Officer to
take all necessary actions to implement this capital increase, with the
authority to delegate such powers as deemed appropriate, without prejudice to
the Listing and Delisting Rules and its Executive Regulations issued by the
Financial Regulatory Authority and effected by the Egyptian Stock Exchange.

 

 

 

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Item (3)

 

Amending Articles "6" and "7" of the Bank's Statute

The General Assembly approved to amend Articles "6" and "7" of the Bank's
Statute, as articulated hereunder, in line with the approval of the Central
Bank of Egypt dated September 16, 2025, in order to reflect the capital
increase referenced in Item (2) above.

 

The General Assembly also approved authorizing 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.

 

Hereunder are Article (6) and (7) before and after amendments:

Article (6) Before Amendment:

 

The Bank has an authorized capital of EGP 100 billion (one hundred billion
Egyptian Pounds) with issued capital of EGP 30,708,510,000 (thirty billion,
seven hundred eight million, five hundred and ten thousand Egyptian pounds)
divided into 3,070,851,000 (three billion, seventy million, eight hundred and
fifty-one thousand) common shares at a nominal value of ten Egyptian Pounds.

 

Article (6) After Amendment:

 

The Bank has an authorized capital of EGP 100 billion (one hundred billion
Egyptian Pounds) with issued capital of EGP 33,779,361,000 (thirty-three
billion, seven hundred and seventy-nine million, three hundred and sixty-one
thousand Egyptian pounds) divided into 3,377,936,100 (three billion, three
hundred and seventy-seven million, nine hundred and thirty-six thousand, and
one hundred) common shares at a nominal value of ten Egyptian Pounds.

 

Article (7) Before Amendment:

 

The Issued Capital of the Bank is composed of three billion, seventy million,
eight hundred and fifty-one thousand common shares distributed as follows:

 

 Name & Nationality                     Nationality      No. of Shares  Value in EGP
 Bank of New York Mellon (Foreign) USA  American         868,309,363    8,683,093,630
 Alpha Oryx Limited                     UAE              511,644,101    5,116,441,010
 Other Shareholders                     (Egyptian &      1,690,897,536  16,908,975,360

  (Egyptians & Foreigners)              Foreigners)
 Total                                                   3,070,851,000  30,708,510,000

 

The Egyptian subscription is 21.49% according to the approved shareholders'
lists authenticated by Misr for Central Clearing, Depository and Registry on
the latest position as of 31 December 2024. The full nominal value of the
issued capital amounting to EGP 30,431,580,000 (thirty billion, four hundred
thirty-one million, five hundred and eighty thousand Egyptian pounds) was
fully paid and recorded in the Bank's Commercial Register. The amount of
increase of EGP 276,930,000 (two hundred seventy-six million, nine hundred and
thirty thousand Egyptian Pounds) was deposited at the Commercial International
Bank - Egypt (CIB) S.A.E., Giza Branch, the authority entity to receive the
public offering as certified by the Bank's issued certificate dated 8/4/2025.
Accordingly, the issued capital has been fully paid.

 

 

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Article (7) After Amendment:

 

The Issued Capital of the Bank is composed of three billion, three hundred and
seventy-seven million, nine hundred and thirty-six thousand, and one hundred
common stocks distributed as follows:

 

 Name & Nationality                     Nationality      No. of Shares  Value in EGP
 Bank of New York Mellon (Foreign) USA  American         972,038,697    9,720,386,970
 Alpha Oryx Limited                     UAE              562,808,511    5,628,085,110
 Other Shareholders                     (Egyptian &      1,843,088,892  18,430,888,920

  (Egyptians & Foreigners)              Foreigners)
 Total                                                   3,377,936,100  33,779,361,000

 

The Egyptian subscription is 21.27% according to the approved shareholders'
lists authenticated by Misr for Central Clearing, Depository and Registry on
the latest position as of 31(st) of August 2025. The full nominal value of the
issued capital amounting to EGP 30,708,510,000 (thirty billion, seven hundred
and eight million, five hundred and ten thousand Egyptian pounds) was fully
paid and recorded in the Bank's Commercial Register. The amount of increase of
EGP 3,070,851,000 (three billion, seventy million, eight hundred and fifty-one
thousand Egyptian Pounds) was funded by allocating a portion of the general
reserve and issuing bonus shares. Accordingly, the issued capital has been
fully paid.

 

 

 

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