Financial Regulatory Authority

FINANCIAL REGULATORY AUTHORITY

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Chairman of the Board

Decision of the Board of Directors of the Financial Regulatory Authority

No. (85) dated 2022/8/31

Regarding the Request to Suspend the Decision of the Ordinary General Assembly

for the Egyptian Iron and Steel Company (Under Liquidation) held on 2021/1/11

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The Board of Directors of the Financial Regulatory Authority Having reviewed the Capital Market Law issued by Law No. 95 of 1997 and its executive regulations; and Law No. 10 of 2009, regarding the regulation of supervision over non-banking financial markets and instruments; and Presidential Decree No. 192 of 2009 regarding the Basic Law of the Financial Regulatory Authority; and the request submitted by a group of shareholders holding more than 5% of the company's capital to suspend the decisions of the Ordinary General Assembly of the Egyptian Iron and Steel Company held on 2021/1/11; and the memorandum prepared by the competent central department of the Authority dated 2022/6/27 and the approval of the Board of Directors in its session held on 2022/8/31 has decided

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(Article One)

Rejects the request to suspend the decisions of the Ordinary General Assembly of the Egyptian Iron and Steel Company held on 2021/1/11 due to the lack of formal requirements, in accordance with Article No. (10) of the Capital Market Law issued by Law No. 95 of 1997, with all resulting effects.

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(Article Two)

This decision shall be enforced as of its issuance date, and the competent authorities shall implement it according to their respective jurisdictions.

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Chairman of the Board of Directors of the Authority Dr. Mohamed Fared Saleh

(Seal of the Financial Regulatory Authority - Office of the Chairman)

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Smart Village, Building 137, Giza: Egypt
Postal Code: 110
Telephone: +202305050
Fax: +2023070067
WWW.FRA.GOV.EG

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ARAB REPUBLIC OF EGYPT
FINANCIAL REGULATORY AUTHORITY
Building Bridges not Walls