Commercial International Bank
- Egypt (CIB) S.A.E.
Authorized Capital: EGP 100
Billion
Issued and Paid-in Capital: EGP
30,195,010,000
Head Office: Nile Tower Building
21/23 Charles de Gaulle
St., Giza,
C.R. 69826 Giza
Invitation to the Extraordinary 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 Extraordinary General Assembly to be
held Monday, March 25, 2024 at
3:00pm. The meeting will be held at the Bank's premises in the Financial District, Smart Village,
Zone F10, Building B-219, (Km 28 Cairo-Alex. Desert
Road).
In accordance to Article "73" of the
Companies Law 159 of 1981 and its amendment Law 4 of 2018 and in
compliance with the Central and Banking System Law 194 of 2020 and
Article "39" of the Bank's Statutes, the General Assembly will be
held and participated in via virtual means, using "E-magles"
Platform. Shareholders are to attend the assembly in person or via
the above mentioned platform - which is considered an authentic
attendance.
Shareholders voting on the items of
the agenda should be via "E-magles" Platform. that
platform.
Shareholders who wish to attend
virtually or in person should register using the following link or
the QR Code starting Monday, March
4, 2024.
For attendance and voting purposes,
blocking shares certificates, powers of attorney, and attendance
authorizations are to be sent via the same link or QR Code down
below.
rebrand.ly/cibbank
Shareholders can start voting via
E-magles Platform as of Wednesday, March 20, 2024.
The
Extraordinary General Assembly Agenda:
The Assembly shall meet to consider
the following item on the agenda:
Ø Delegate
the Board of Directors the power to Issue financial instruments in
the form of Bonds, or Subordinated Loans, or Subordinated Deposits,
or Hybrid Financial Instruments for an aggregate amount of up to
USD one billion or its equivalent in local or other foreign
currencies to finance the Bank's activities, in addition to the
remaining part of the previously approved amount by the last
Extraordinary General Assembly. All subordinated instruments can be
included in the Bank's capital and or subordinated capital (Tier II
capital), if need be. Moreover, authorizing the Board of Directors
to determine the necessary conditions and take all procedures and
steps related to the issuance and make any necessary amendments in
accordance with the requirements of the regulatory
authorities.
Please note the
following:
First:
Each shareholder is entitled to attend the General
Assembly meeting in person or by a power of attorney or written
authorization to another shareholder, other than CIB's Board
Members. Any shareholder is not entitled to represent in the
form of proxies more than 10% of the total Bank shares and 20% of
the shares represented at the Meeting.
Second:
For attendance purposes, each shareholder
is requested to present through the link on the E-magles Platform a
certificate accompanied by statement of blocked shares issued by an
authorized custodian confirming blocking of shares at least three
days prior the meeting date.
Third: Detailed statements and
documents - as stipulated in articles 219, 220 and 221 of the
Executive Regulations of Law No. 159/1981 - will be available
at the Bank's Financial Controls Department, Head Office, during
the Bank's official working hours for the perusal of all
shareholders.
Fourth: Any inquiry concerning the General Assembly Agenda items
should be addressed in writing to the Bank's Financial Controls
Department, Head Office, via registered mail or hand delivered
against a receipt, at least three days prior the Assembly
date. Only items pertaining to the stated agenda shall be
discussed during the meetings.
Fifth:
The resolutions of the Ordinary General Assembly
shall be issued by the absolute majority of the shareholders' votes
represented in the meeting without prejudice to any other voting
requirements stipulated in the relevant regulations.
Sixth: If the legal
quorum of the Extraordinary General Assembly is not attained, a
second meeting will take place Sunday, April 21, 2024 at 2:30 pm at
the same venue. The second meeting of
the Ordinary General Assembly shall be considered valid regardless
of the number of shares represented therein.
Chairman of the Board
Amin Hisham Ezz Al-Arab