General Assembly Meeting Notes for A Capital Holding Company

  • General Assembly Meeting

    • Date: April 13, 2025
    • Attendees: Shareholders, Board of Directors, Auditors
    • Location: 101 Al-Moltaqa Arab, Sheraton Cairo

  • Legal Framework

    • Meeting follows the Financial Regulatory Authority's decision no. 150 of 2022, allowing companies to hold meetings via modern communication technology and remote voting for shareholders inside and outside Egypt.

  • Attendance

    • Total capital: 243,753,256.8 EGP
    • Total shares issued: 812,510,856 shares
    • Shares present (actual and electronic): 653,345,070 shares
    • Attendance percentage: 80.41%

  • Agenda of the Meeting

    1. Purchase Treasury Shares

    • Proposal to buy up to 10% of issued capital for treasury shares according to Article 51 of the Egyptian Stock Exchange Listing Rules.

    • Implications of buying treasury shares may increase voting rights for the main shareholder beyond 75%.

      • Decision 1

    • General assembly voted 100% in favor (69,041,305 votes) to approve the purchase of treasury shares not exceeding 10%.

    1. Authorization of Executive Chairman

    • Delegate the CEO and executive board member to take all necessary actions for the purchase, including representation before government entities.

      • Decision 2

    • General assembly voted 100% in favor to empower the CEO to determine methods, prices, and steps for treasury share purchases and to finalize the process.

    1. Capital Reduction Authorization

    • Proposal to reduce capital through retiring treasury shares following their purchase.

      • Decision 3

    • General assembly voted 100% in favor to allow capital reduction upon the acquisition of treasury shares.

    1. Approval for Necessary Procedures
    • Empower specific individuals in the board to complete procedures related to regulatory approval for the meeting's minutes.

  • Closing

    • Meeting adjourned with appreciation expressed by the chairperson for attendees' presence.

  • Regulatory Approval

    • The meeting minutes were submitted to the Financial Regulatory Authority, adhering to Law No. 95 of 1992 and its regulations.
    • Verified the procedural integrity per the requirements outlined in the regulations, without liability on the authority concerning the contents of the meeting minutes.