EKH General Assembly Elects New Chairman and Vice Chairman for its Board of Directors
"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
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
Al Amana For Investment
Represented by Mr. Bassim Youssef Ahmed Al Ghanim
Kuwait Food Company ""Americana""
Represented by Mr. Assad Al Banwan
Ali Al Ghanem and Sons Co. For General Trading and Contracting
Represented by Mr. Marzouq Al Ghanim
National Industries Group Holding
Represented by Mr. Saad Al Saad
Action Group Holding Co.
Represented by Sheikh Mubarak Abdullah Al Mubarak Al Sabah
Gulf Cable and Electrical Industries Co.
Represented by Mr. Abdel Mohsen Al Fares
Eastern Company For Economic Development
Represented by Mr. Ali Al Faramawy
Egyptian Company For International Touristic Projects
Represented by PhD Engineer Ismail Osman
Mr. Ayman Laz
Mr. Galal Abdul Maqssod Al Zorba
Mr. Hussain Al Kharafi
Engineer Mohamed Mahfouz Al Ansary
Engineer Sanaa Abdul Moniem El Banna