Orascom Funding approves monetary statements

CAIRO – Orascom Funding Holding S.A.E. (OIH), a outstanding funding firm based mostly in Cairo, has introduced the approval of its consolidated monetary statements for the interval ending September 30, 2024. The choice was taken throughout a board assembly by circulation on December 11, 2024, below the management of Chairman Eng. Naguib Onsi Sawiris.

The board, comprising members with numerous government and non-executive roles, ratified the Audit Committee’s report alongside the Auditor’s report on the monetary statements for the required interval. Moreover, the Board of Administrators’ report on the corporate’s exercise for a similar interval acquired approval.

Within the assembly, Mr. Oussama Daniel Nassif was appointed because the Secretary of the Board. The board’s composition displays a mixture of experience in numerous fields, with representatives from OTMT Acquisition S.à r.l. and unbiased knowledgeable members contributing to the governance of the corporate.

The approval of those monetary paperwork is a routine but essential facet of company governance, making certain transparency and accountability within the firm’s monetary dealings. OIH’s adherence to the provisions of Regulation 95/1992 and the corporate’s Articles of Affiliation (AoA) within the decision-making course of underscores its dedication to regulatory compliance and sound administration practices.

The monetary statements, which cowl the fiscal interval ending on September 30, 2024, are important for buyers and stakeholders to evaluate the corporate’s monetary well being and efficiency. The ratified reviews present a verified and complete overview of OIH’s monetary actions and outcomes in the course of the interval in query.

This announcement, based mostly on a press launch assertion, serves to tell buyers and the general public of the most recent developments inside Orascom Funding Holding S.A.E. The corporate, listed on the inventory change, is topic to the scrutiny of the Monetary Conduct Authority within the United Kingdom (TADAWUL:4280) and adheres to the stringent reporting and disclosure necessities set forth by regulatory our bodies.

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