Tuesday 30 December 2025 – 12:36 PM
The Official Gazette published the decision of the Egyptian Electricity Holding Company, regarding the decisions of the extraordinary general assembly of the Al-Wajh Al-Qebli Electricity Production Company, which stipulates the adoption of the final amendment to the company’s bylaws in accordance with the attachments contained in the memorandum presented with the completion of the rest of the legally prescribed procedures.
The Official Gazette publishes the decision to amend the statute of the Upper Egypt Electricity Production Company
The decisions were stated as follows:
The company may, by decision of the extraordinary general assembly, decide to issue various bonds or financing instruments to meet the company’s financing needs or to finance an activity or operation itself, on the condition that the issued capital is fully paid, and the value of these bonds and instruments does not exceed the net assets of the company as determined by the auditor in accordance with the latest budget approved by the company’s general assembly.
The decision of the extraordinary general assembly includes the value of the bonds or instruments, the terms of their issuance, the extent of their convertibility into shares, the specific return of the bond or instrument, and the basis for calculating it. The aforementioned resolution may also include the total value of the bonds or instruments and their guarantees and insurances, with authorization for the company’s board of directors to determine other conditions related to them.
These securities must be issued within a maximum period of time at the end of the financial year following the decision of the extraordinary general assembly that approved their issuance.
