CAIRO - Orascom Investment Holding S.A.E. has ratified its consolidated financial statements for the fiscal period ending December 31, 2022, as per the resolutions passed by its Board of Directors on December 23, 2024. The financial statements, prepared in accordance with International Financial Reporting Standards (IFRS), were affirmed alongside the Audit Committee's and the Auditor's reports.
The Board, led by Chairman Eng. Naguib Onsi Sawiris, convened via circulation to address several key corporate matters. In addition to the financial statement approvals, the Board accepted the resignation of Ms. Malak Mahmoud El-Meteini as Head of Investor Relations, effective December 31, 2024. Mr. Ali Khaled Shohayeb will assume the role as the acting Head of Investor Relations starting January 1, 2025.
The Board also approved the Director's report on the company's activity for the same fiscal period. The series of resolutions were part of the Board's standard procedure to ensure compliance with financial reporting regulations and corporate governance standards.
Orascom Investment Holding operates in various sectors, including telecommunications and technology, and is known for its involvement in multiple markets. The company's adherence to IFRS reflects its commitment to transparency and international best practices in financial reporting.
The news of these resolutions comes directly from a press release statement issued by the company. The appointment of Mr. Oussama Daniel Nassif as Secretary of the Board was also announced during the meeting.
Investors and stakeholders in Orascom Investment Holding may view the detailed financial statements and accompanying reports by accessing the document provided through the London Stock Exchange (LON:LSEG)'s news service. The company's compliance with regulatory requirements and its timely reporting is indicative of its structured approach to corporate governance.
This information is based on a press release statement and has been reported in a factual and unbiased manner.
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