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The General Assembly of the Egypt Kuwait Holding Company elects a New Chairman and Vice Chairman for its Board of Directors

3/4/2012
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 important 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 shown in the table below.
Member's Name Representative of the Legal Person Title
Mr. Al Moataz Adel Al Alfi Himself Chairman of the Board & CEO
Mohamed Abd Al Mohsen Al Kharafi and Sons Co. For General Trading and Contracting Mr. Loay Jassim Al Kharafi Vice Chairman
Al Amana For Investment

Mr. Bassim Youssef Ahmed Al Ghanim

Board Member
Kuwait Food Company "Americana" Mr. Assad Al Banwan Board Member
Ali Al Ghanem and Sons Co. For General Trading and Contracting Mr. Marzouq Al Ghanim Board Member
National Industries Group Holding Mr. Saad Al Saad Board Member
Action Group Holding Co. Sheikh Mubarak Abdullah Al Mubarak Al Sabah Board Member
Gulf Cable and Electrical Industries Co. Mr. Abdel Mohsen Al Fares Board Member
Eastern Company For Economic Development Mr. Ali Al Faramawy Board Member
Egyptian Company For International Touristic Projects Phd. Engineer Ismail Osman Board Member
Mr. Ayman Laz For himself Board Member
Mr. Galal Abdul Maqssod Al Zorba For himself Board Member
Mr. Hussain Al Kharafi For himself Board Member
Engineer. Mohamed Mahfouz Al Ansary Expert Board Member
Engineer. Sanaa Abdul Moniem El Banna Expert Board Member
 


  
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