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CAIRO - EFG Holding S.A.E. announced Monday it will hold a second Extraordinary General Assembly Meeting on Saturday, September 20, 2025, after failing to reach the required legal quorum at its first meeting held on September 6.
The meeting will take place at the company’s headquarters in Smart Village, Cairo, at 11:00 AM CLT, with options for remote participation and voting, according to a company statement.
The EGM will consider two key agenda items: reducing the company’s issued share capital from EGP 7.30 billion to EGP 7.18 billion by canceling 23.71 million treasury shares purchased over a year ago, and amending articles 6 and 7 of the company’s Articles of Association to reflect the capital reduction.
If approved, the total number of issued shares will decrease to 1.44 billion shares. The proposed resolutions require approval by a three-quarters majority of shares present or represented at the meeting.
For the second meeting to be valid, at least 25% of the company’s outstanding shares must be represented, a lower threshold than required for the first meeting.
Shareholders wishing to participate remotely must submit required documentation, including identification and share freezing certificates, at least two days before the meeting. Only legal entities may delegate proxies to vote on their behalf.
EFG Holding, headquartered in Egypt, operates with an authorized share capital of EGP 30 billion. The company has made EGM documents and remote voting options available on its e-voting platform five days before the meeting date.
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