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Today ... the general assembly of 7 companies convened to discuss the distribution of profits ... and the appointment of a representative for the minority in "Egypt Gas"



Today, Saturday, the ordinary and extraordinary general assembly will be held by 14 companies listed on the Egyptian Stock Exchange, 7 companies will discuss, including the distribution of profits to shareholders, while the general assembly of the Egyptian Gas Company is discussing the demands of minority shareholders to include a clause to approve the valuation of Egypt Gas shares in light of the changes in the company's investments. Through one of the listed companies licensed by the Financial Supervisory Authority, and the appointment of a representative for the minority.


Dividend

7 companies hold ordinary and extraordinary general assemblies to discuss the distribution of profits, which is the Mansoura Poultry Company, to discuss the proposed dividend distribution project for the year 2020, the election of members of the Board of Directors for the next session ending 2023, the approval of the company's financial statements for the year 2020, and the Board of Directors report on the activity The company in 2020, and the Egyptian Financial and Industrial Company, to approve the proposal to distribute profits for the year 2020, to ratify the financial statements of the company, and the report of the Board of Directors for the year 2020, and the Extraordinary General Assembly on the same day will discuss the amendment of Article 36 of the articles of association of the company.

 

The ordinary general assembly of Kafr El-Zayat Pesticides and Chemicals is to meet to discuss the distribution of profits of EGP 30.01 million to shareholders at a rate of EGP 2.5 per share, and the project included transferring EGP 79.25 million profits for the following year, and the extraordinary assembly will sit on the same day to consider the company's guarantee of Organic for Biotechnology in Loans, current and debit accounts with banks, and the ordinary and extraordinary general assembly of the Egyptian Company for Media Production City is held to discuss the Board of Directors report on the company's activity and the financial statements for the past year, and to approve the distribution of free shares from the balance of treasury shares to distribute profits. The general assembly will also consider the disclaimer of members' liability The Board of Directors for the past year, and the adoption of the amendments that have been made to it, amending Articles 7 and 21 of the Company’s Articles of Association.

 

Misr Cement Qena holds the Ordinary General Assembly to discuss the Board of Directors report on the company's activities and the financial statements for the past year, and approve the proposed distributions from the Board of Directors of profits for the fiscal year ending on December 31, 2020, and the General Assembly will also consider the disclaimer of the members of the Board of Directors. For the past year, and the appointment of the auditor, the Egyptian International Pharmaceutical Industries - EPICO, the company's ordinary general assembly, will approve the Board of Directors ’proposal to distribute profits for the fiscal year ending on December 31, 2020.

 

While the Ordinary General Assembly of Egypt Gas Company considers the report of the Board of Directors on the company's activities during the fiscal year ending on December 31, 2020, and the report of the auditors of the Central Agency on the financial statements of the company for the financial year ending on December 31, 2020, the company's auditor’s report on the financial statements And the company's corporate governance report for the fiscal year ending on December 31, 2020, the approval of the financial statements, the board of directors ’report and the governance report for the fiscal year ending on December 31, 2020, and the consideration of the board of directors’ proposal regarding the distribution of the company's profits for the fiscal year ending on December 31, 2020 and the topics related to.

 

The association also discusses the breach of the company's board of directors' responsibility for the fiscal year 2020 and the approval of the work done during the year, determining the allowances of the members of the board of directors for the fiscal year 2021, and approving the renewal of the appointment of the company’s auditor and determining his fees for the fiscal year ending on December 31, 2020. And to consider licensing the board of directors with donations during the year 2021, approving the authorization of the board of directors to enter into netting contracts in accordance with the text of Article 99 of Law No. 159 of 81 and its implementing regulations, and approving the transfer of the balance of the workers housing reserve and the reserve balance of high asset prices to the balance of the general reserve.

 

Minority shareholders of the Egyptian Gas Company submitted several demands to be listed in the ordinary general assembly of the company scheduled for Saturday, March 27, and the list of demands topped the list of demands for the inclusion of a clause to approve the valuation of the Egyptian Gas share in light of the changes that occurred in the company's investments, through one of the registered and licensed companies. From the Financial Supervisory Authority, and the inclusion of the provision for distributing the proposed profits to the shareholders to reach the amount of 78 million pounds, thus the coupon for the shareholders is 1.625 pounds per share, and the shareholders also demanded the inclusion of a clause to approve the nomination of Engineer Mohamed Abdullah Moawad Ahmed, Chairman of the Board of Directors of Coldwell Banker - Egypt And Vice Chairman of Acumen Holdings, representing minority shareholders

 

The Ordinary General Assembly of Al-Fanar General Contracting, Construction, Trade and Import Company is also held to discuss the report of the Board of Directors and the financial statements for the past year, and to approve the proposal of the Board of Directors regarding non-dividend distributions. The General Assembly will also consider absolving the Board of Directors from liability for the past year, and approving the minutes of the Board meeting During 2020.


Financial Statements

The general assembly of 5 companies convenes to approve the financial statements for the past year, as the ordinary general assembly of the International Company for Fertilizers and Chemicals is held, to elect the Board of Directors for the next 3 years, to approve the netting contracts for the year 2021, to approve the financial statements of the company and the report of the Board of Directors for the year 2020. The Extraordinary General Assembly on the same day amending Article 3 of the Articles of Association by deleting activities from the company's purpose, and the Ordinary General Assembly of Alexandria Pharmaceuticals and Chemical Industries Company discusses approving the draft investment plan and the estimated budget for the year 2021, and the formation of the Board of Directors.

 

The Arab Company for Medicines and Chemical Industries convenes to discuss disposition of selling a productive asset, approve the draft budget estimate and the investment plan for 2021-2022, and the Ordinary General Assembly also discusses the formation of the Board of Directors in light of the provisions of Law No. 185 of 2020, and the extraordinary general assembly of the company is held. Saudi Egyptian Investment and Finance, to discuss the shareholders ’proposal regarding splitting the share by 40 shares to become 10 cents instead of 4 dollars.

 

The Ordinary General Assembly of the Cairo Pharmaceutical and Chemical Industries Company will convene to discuss approving the estimated budget for the next fiscal year 2021-2022, and approve the investment plan. The general assembly will also discuss the formation of the Board of Directors in light of the provisions of Law No. 185 of 2020.

 

The Ordinary General Assembly of Misr Beni Suef Cement and Western Islamic Urban Development, the Board of Directors’s report on the company's activities during the fiscal year ending on December 31, 2020, and the Central Agency’s auditors ’report on the company's financial statements for the fiscal year ending on December 31, 2020. The company's auditor for the financial statements, and the company's corporate governance report for the fiscal year ending on December 31, 2020.

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