Disclosures and Transparency

Material Information, Financial, and Non-Financial Disclosure

Financial, non-financial, and material information are disclosed to the EGX and published on the Exchange’s screens. The Company’s financial statements are published on a quarterly basis on the Company’s website, which is regularly updated. Material information includes:

Information on the Company, such as its objectives, vision, business nature, plans, and future strategies.
Ownership structures of affiliates and subsidiaries.
Dealings with related parties and related-party transactions.
Major potential risks and how they can be addressed.
Changes in investment policies.
Disclose to shareholders and supervisory authorities all information regarding treasury shares. In the event of a subsidiary purchasing shares of its holding company, the company applies to such shares all treasury share rules. These shares are not counted in the shareholders’ quorum or during votes at general meetings.
Notify the FRA and the EGX of the extraordinary and ordinary general meeting resolutions as soon as a meeting is concluded and, in any event, no later than the start time of the first trading session following the meeting. This comes in addition to providing the EGX with the meeting minutes approved by the Chairman of the Board within one week of every general meeting.
Provide the EGX with the General Assembly meeting minutes certified by the competent administrative authority within three business days of receiving the certified minutes.
Provide the FRA and the EGX with a summary of the Board resolutions involving material information, no later than the start time of the first trading session following the meeting in which the resolutions are adopted.
Announce the decision of the competent body regarding the cash and/or stock dividend distributions.
Disclose whenever the shareholding percentage of a shareholder or related party in the Company’s shares or voting rights exceeds or drops below 5% and its multiples, including shares that were subscribed in through the purchase of subscription rights.
Disclose the Company’s future investment strategy and the direction of the primary shareholder in the event that their ownership, alongside the ownership percentage of associated parties, is 25% or more of the Company’s capital or voting rights.
Disclose whenever any arbitration decisions or court rulings are issued at any stage of litigation that affect the Company’s financial position or the rights of its securities holders or have an impact on trading prices or on the investment decision of investors.
Immediately disclose in the event that any court ruling is issued against a member of the Company’s Board of Directors or Senior Officials

Penalties and Judgments Against the Company During the Year

No penalties or judgments were issued against the Company during the year. An amount of EGP 11,000 was paid as a fine for not submitting the Company’s financial statements for the third quarter of the year to the FRA on time after they were submitted on time to the EGX.

Investor Relations

The Head of Investor Relations is appointed by the Board of Directors and attends the General Assembly of Shareholders. The Head of inve

Communicating with and answering the inquiries of shareholders, in addition to distributing press releases relating to the Company that include data and information specified by the EGX.
Developing a strategy that includes the Company’s disclosure policy and complies with all laws, regulations, rules, listing procedures, disclosure requirements, and decisions issued by the FRA and the EGX
Having complete knowledge of Senior Management’s strategic plans and all decisions taken by them, especially material decisions, while being committed to maintaining the confidentiality of essential and internal information that is not publicly available.
Disclosing the Company’s plans and activities to financial analysts, current and potential investors, as well as valuation institutions through meetings, conferences, and reports.
Conveying the circumstances of the market to the top management and assisting in replying to the questions and inquiries of investors, the media, and financial analysts, as well as dealing with the rumors that affect the shares of the Company.

Disclosure Tools

Board of Directors Reports

The Company issues quarterly reports published through the EGX, as well as an annual report in accordance to article 159 of the Companies Law for the year 1981 and its executive regulations to be presented to the General Assembly of Shareholders and is submitted to the FRA and the EGX.

Disclosure Report

The Company prepares a quarterly disclosure report prepared by the Company’s management with the assistance of the Investor Relations Department, and it includes:

The Company’s contact details.
The names of the Investor Relations officers and their contact details.
Structure of the shareholders possessing 5% or more of the shares.
Overall shareholding structure, specifying the free float shares.
Details of the treasury shares, if any.
Changes in the Board and the last formation of the Board.

Website

The Company’s website is available online in both English and Arabic, and financial and non-financial information is disclosed thorough the website in a convenient manner. (www.madinetmasr.com).

Insider ,Related Party And Associated Party Policy

The Company implements a policy that monitors insider trading of the Company’s shares in accordance with the laws of the FRA and the EGX and determines the level of compliance of founders, principal shareholders, and associated parties in not partaking in any netting contracts without the approval of the General Assembly. Such transactions are to be presented to the General Assembly in full details, including price and volume, before the transaction is completed, and the involved party shall not have the right to vote during the meeting. The policy ensures that all stakeholders understand the definition of insider trading and its regulations. The policy includes the following statements:

It is prohibited for any insider or associated party to deal in any type of stock issued by the Company within five days prior to and one day after the publication of any material information.
It is prohibited for any shareholder with a shareholding of over 20% to trade either individually or through an associated party without notifying the EGX prior to completing the trade.
It is prohibited for Board Members, regardless of their current shareholding percentage, as well as company officials or individuals with access to material, non-public information, to trade in any stock instrument associated with this information.

Insider Trading on the Company’s Shares