CAIRO - Orascom Investment Holding S.A.E. (OIH), a prominent investment company based in Cairo, has announced the approval of its consolidated financial statements for the period ending September 30, 2024. The decision was taken during a board meeting by circulation on December 11, 2024, under the leadership of Chairman Eng. Naguib Onsi Sawiris.
The board, comprising members with various executive and non-executive roles, ratified the Audit Committee's report alongside the Auditor's report on the financial statements for the specified period. Additionally, the Board of Directors' report on the company's activity for the same period received approval.
In the meeting, Mr. Oussama Daniel Nassif was appointed as the Secretary of the Board. The board's composition reflects a mix of expertise in various fields, with representatives from OTMT Acquisition S.à r.l. and independent expert members contributing to the governance of the company.
The approval of these financial documents is a routine yet critical aspect of corporate governance, ensuring transparency and accountability in the company's financial dealings. OIH's adherence to the provisions of Law 95/1992 and the company's Articles of Association (AoA) in the decision-making process underscores its commitment to regulatory compliance and sound management practices.
The financial statements, which cover the fiscal period ending on September 30, 2024, are essential for investors and stakeholders to assess the company's financial health and performance. The ratified reports provide a verified and comprehensive overview of OIH's financial activities and outcomes during the period in question.
This announcement, based on a press release statement, serves to inform investors and the public of the latest developments within Orascom Investment Holding S.A.E. The company, listed on the stock exchange, is subject to the scrutiny of the Financial Conduct Authority in the United Kingdom (TADAWUL:4280) and adheres to the stringent reporting and disclosure requirements set forth by regulatory bodies.
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