CIB Egypt to Discuss Dividends and Elect New Board at March 2026 General Assembly

Commercial International Bank - Egypt (CIB) is preparing to convene its Ordinary General Assembly (OGA) in mid-March 2026 to review several key agenda items, foremost among them dividend distribution and the election of a new Board of Directors for the upcoming term.

According to a disclosure filed with the Egyptian Exchange, the meeting will be held at 2:00 p.m. on Sunday, March 15, 2026, at the bank’s headquarters in Smart Village, Giza Governorate. Shareholders will be able to attend in person or participate remotely via the E-magles platform, enabling electronic voting on all agenda items whether attending physically or online.

CIB stated that pre-registration for the meeting will begin on February 25, 2026, with shareholders required to submit share-freezing certificates, powers of attorney, and authorizations in accordance with the applicable procedures. Voting on the agenda items will open on March 8, 2026.

The agenda includes approving the Board of Directors’ report on the bank’s activities for the financial year ended December 31, 2025, along with governance reports, auditors’ reports, and the approval of both standalone and consolidated financial statements. The assembly will also review the proposed dividend distribution for 2025 and authorize the Board to set the rules governing profit distribution to employees.

Additional items include considering the payment of resigned employees’ entitlements from retained earnings related to 2024, in line with the approved amendments to the dividend policy. The meeting will also discuss a proposed increase in issued and paid-up capital through the issuance of 27.2 million shares with a nominal value of EGP 10 per share under the employee and management incentive program, alongside the necessary amendments to the bank’s articles of association, subject to regulatory approvals.

The assembly is expected to review changes to the Board’s composition since September 2025, discharge the Chairman and Board members from liability for the past financial year, and proceed with electing a new Board for a term running from March 2026 to March 2029. Other items include determining non-executive directors’ remuneration for 2026, appointing auditors and setting their fees, approving donations for 2026 and ratifying those made in 2025, and granting regulatory approvals related to non-executive members’ roles in affiliated companies.