Egypt Kuwait Holding

"The annual General Assembly meeting of the Egypt Kuwait Holding Company was held on Saturday, March 3, 2012. The General Assembly elected Mr. Moataz Adel Al Alfi as Chairman of the Board of Directors and CEO and elected Mr. Loay Jassim Al Kharafi as the Vice Chairman.

The meeting was chaired by CEO and Chairman of the Board, Mr. Moataz Adel Al Alfi, with 74.58% of the Issued Capital of the company in attendance.

The following were the most notable outcomes of The General Assembly:

* Approval of the Company’s Balance Sheet and Auditor’s Report for the fiscal year ended December 31, 2011.

* Approval of the Board’s proposal to distribute cash dividends to shareholders of 20% of the issued and paid-up capital in March 2012, amounting to five cents per share.

* Approval of the appointment and the formation of the Board of Directors for the next three years, as noted below:

Mr. Al Moataz Adel Al Alfi
Representing Himself
Chairman of the Board & CEO

Mohamed Abd Al Mohsen
Al Kharafi and Sons Co. For General Trading and Contracting Represented by Mr. Loay Jassim Al Kharafi
Vice Chairman

Al Amana For Investment
Represented by Mr. Bassim Youssef Ahmed Al Ghanim
Board Member

Kuwait Food Company ""Americana""
Represented by Mr. Assad Al Banwan
Board Member

Ali Al Ghanem and Sons Co. For General Trading and Contracting
Represented by Mr. Marzouq Al Ghanim
Board Member

National Industries Group Holding
Represented by Mr. Saad Al Saad
Board Member

Action Group Holding Co.
Represented by Sheikh Mubarak Abdullah Al Mubarak Al Sabah
Board Member

Gulf Cable and Electrical Industries Co.
Represented by Mr. Abdel Mohsen Al Fares
Board Member

Eastern Company For Economic Development
Represented by Mr. Ali Al Faramawy
Board Member

Egyptian Company For International Touristic Projects
Represented by PhD Engineer Ismail Osman
Board Member

Mr. Ayman Laz
Representing Himself
Board Member

Mr. Galal Abdul Maqssod Al Zorba
Representing Himself
Board Member

Mr. Hussain Al Kharafi
Representing Himself
Board Member

Engineer Mohamed Mahfouz Al Ansary
Expert Member
Board Member

Engineer Sanaa Abdul Moniem El Banna
Expert Member
Board Member"