EGYPT WOMEN ON BOARDS OBSERVATORYschools.aucegypt.edu/Business/Documents/Women on Boards Monitoring... · The Egyptian Exchange (EGX) ... 6 El Ahram Co. For Printing And Packing 4

EGYPT WOMEN ON

BOARDS OBSERVATORY۲۰۱۸ Annual Monitoring

Report

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EGYPT WOMEN ON BOARDS OBSERVATORY

2018 Annual Monitoring Report

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WHO WE ARE

THE NATIONAL STRATEGY

2018 ANNUAL MONITORING REPORT

The Women on Boards consortium was initiated by the American University in Cairo, AUC School of Business, with support from the United Nations Development Program, UNDP, in 2014. The Consortium is a unique partnership bringing together government, business associations, research institutions, international organizations and non-government organizations. The consortium founded the Women on Boards Observatory in 2017. The flagship activities of the observatory include the annual Egyptian Women on Boards monitoring report and the Egyptian Board Ready Women database.

The National Strategy for the Empowerment of Egyptian Women 2030, which adopts a rights based approach and is grounded in the SDGs and Egypt’s Sustainable Development Strategy 2030, was endorsed by the President in March 2017. The strategy promotes the leadership roles of women and holding key positions in public institutions and companies, setting the target for women in senior management posts by 2030 at 30%.

This target is also closely aligned with the global 30% coalition movement for women on boards. Research shows that three women on a board is the “critical mass” that normalizes the presence and voice of women on boards

The Women on Boards Observatory is recognized as a specialized observatory within the framework of the National Council for Women. The Women on Boards Observatory advocates for 30% women on boards in Egypt by 2030. This report provides a snapshot of the representation of women on boards in listed companies, the banking sector and the public enterprise sector in 2018. The report provides an indicator for women on boards in Egypt and identifies the gap of women on boards in each sector to reach the target of the 2030 strategy.

“ “One woman is a token, two is presence, three is voice.

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KEY FINDINGS

11.4%

8.3%

10.2%

EGX

30% OR MORE WOMEN ON BOARD



PERCENTAGE OF WOMEN ON BOARDS



ZERO WOMEN ON BOARD

ZERO WOMEN ON BOARD

ZERO WOMEN ON BOARD

3 OR MORE WOMEN ON BOARD



14%

NILEXTHE EGYPTIAN EXCHANGE

BANKING SECTOR

PUBLIC ENTERPRISE SECTOR

54% 63.3%

8% 13.3%

8.5% 23.3%

3%

10%

41.2%

69%

8.8%

3%

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There are 256 women on boards in the sectors included in this report which represents 9% of board members.

TOTAL GAP OF WOMEN ON BOARDS TILL 2030

ANNUAL GAP OF WOMEN ON BOARDS TILL 2030

EGX LISTED COMPANIES BANKING SECTOR

PUBLIC ENTERPRISE

SECTOR

395 55 147

36 5 13

Annually, a total of 54 qualified women are needed to join boards in Egypt to reach the 2030 target.

EGYPT WOMEN ON BOARDS INDICATOR 9%

WAY FORWARD

*15 women are deducted from EGX total number of women on boards of 197 and total number of board members of 1938 as they are already counted in the banking sector to avoid double counting** 13 women are deducted from Public Enterprise total number of women on boards of 53 and total number of board members of 637 as they are already counted in EGX listed companies to avoid double counting

Total number of Board Members Number of Women on Boards

Banking Sector 298 34

EGX Listed Companies 1923* 182*

Public Enterprise Companies 624** 40**

Total 2845 256

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WOMEN ON BOARDS OF EGX LISTED COMPANIES AND NILEX

EGX INDICES

The Egyptian Exchange (EGX) provides a well-regulated and efficient market by keeping up to date with international standards enabling the listed companies to get the required finance and expand their businesses. It is always working to meet the needs and requirements of various market participants, investors and issuers, thus becoming a financing gateway for the issuing company through a wide base of local and international investors.

EGX 30 Benchmark index includes the top 30 companies in terms of liquidity and activity. The Index is weighted by market capitalization.

EGX 70 Price index includes the top 70 companies in terms of liquidity and activity, after excluding EGX 30 Index constituents. The Price Index aims at providing wider tools for investors to monitor market performance.

EGX 100 Price index tracks the performance of the top 100 companies in terms of liquidity and activity, including EGX 30 Index constituents and EGX 70 Index constituents.

EGX Indices avoid concentration on one industry and therefore provide a good representation of the various industries/sectors in the economy.

EGX Sectoral Indices (12) are weighted by free float adjusted market capitalization and represents 12 different industries/sectors in the economy.

The S&P/EGX ESG provides investors with exposure to 30 of the best performing stocks in the Egyptian market as measured by environmental, social, and governance parameters. The index measures environmental, social, and corporate governing practices based on quantitative rather than subjective factors with the implementation of a unique and innovative methodology standardized by S&P Indices.

NILEX is the only market aiming at developing small and medium enterprises (SMEs) in the Middle East and North Africa by providing the necessary funding to allow expansion opportunities. NILEX targets the promising companies in the region with no boundaries to particular industries or geographic areas, including family businesses for small and medium-sized companies.

THE EGYPTIAN EXCHANGE (EGX)

* BASED ON NOVEMBER 2018 DATA

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2017 2018

Women Board Members 187 197

Men Board Members 1742 1741

Total Number of Board Members 1929 1938

Percentage of Women Board Members 9.7% 10.2%

The percentage of women board members of EGX listed companies is 10.2%

EGX TOTAL GENDER REPRESENTATION ON BOARDS

PERCENTAGE OF WOMEN ON BOARDS OF LISTED COMPANIES

WOMEN

MEN

19710.2%

174189.8%

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WOMEN ON BOARDS OF LISTED COMPANIES

PERCENTAGE OF EGX LISTED COMPANIES ACCORDING TO NUMBER OF WOMEN ON BOARDS

Number of Women on Boards

2017 2018

Number of Companies Percentage of

Companies

Number of Companies Percentage of

Companies

N=248 N=248

0 133 53.6% 134 54%

1 67 27% 62 25%

2 33 13.3% 32 13%

3 or more 15 6% 20 8%

60%53.6%

27%

54%

25%

45%

30%

15%

0%0 1 2 3 or more

2018 Percentage of Companies

2017 Percentage of Companies

13.3%

6%

13%

8%

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EGX30 EGX70 EGX100 S&P ESG

Women Board Members 19 63 82 28

Men Board Members 256 535 791 244

Total Number of Board Members 275 598 873 272

Percentage of Women Board Members 7% 10.5% 9.4% 10.3%

WOMEN ON BOARDS OF EGX INDICES

PERCENTAGE OF WOMEN ON BOARDS OF NILEX COMPANIES

2018

Women Board Members 23

Men Board Members 142

Total Number of Board Members 165

Percentage of Women Board Members 14%

The percentage of women board members of Nilex companies is 14%

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WOMEN ON BOARDS – NILEX (SMEs)

EGX30 NUMBER OF WOMEN ON BOARDS

WOMEN

MEN

2314%

14286%

Number of Women on Board Number of CompaniesN=30 Percentage of Companies

0 17 56.7%

1 9 30%

2 3 10%

3 or more 1 3.3%

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Number of Women on Board Number of Companies N= 70 Percentage of Companies

0 38 54.3%

1 16 22.9%

2 9 12.9%

3 or more 7 10%


0 55 55%

1 25 25%

2 12 12%

3 or more 8 8%

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S&P/EGX ESG NUMBER OF WOMEN ON BOARDS


0 14 47%

1 8 27%

2 6 20%

3 or more 2 7%

WOMEN ON BOARDS OF NILEX LISTED COMPANIES


0 19 63.3%

1 4 13.3%

2 3 10%

3 or more 4 13.3%

Total 30 100%

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WOMEN BOARD MEMBERSEGX LISTED COMPANIES 2018

Women Board Members’ Representation

Number of Listed Companies N=248

Percentage of Listed Companies

0% - 5% 134 54.0%

5% - 10% 10 4.0%

10% - 15% 36 14.5%

15% - 20% 10 4.0%

20% - 25% 18 7.3%

25% - 30% 19 7.7%

30% - 35% 5 2%

35% - 40% 5 2%

40 % - 45% 4 1.6%

50% - 55% 5 2%

60% - 65% 1 0.4%

65% - 70% 1 0.4%

Total 248 100.0%

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WOMEN BOARD MEMBERS NILEX (SMEs) 2018

LISTED COMPANIES WITH 30% OR MORE WOMEN ON BOARDS

Women Board Members’ Representation Number of Companies N=30 Percentage of Companies

0% - 5% 19 63.3%

15% - 20% 1 3.3%

20% - 25% 3 10%

30% - 35% 1 3.3%

40 % - 45% 1 3.3%

50% - 55% 3 10%

60% - 65% 1 3.3%

65% - 70% 1 3.3%

Total 30 100.00%

# Listed Company NameNumber of

Board Members

Number of Male Board

Members

Number of Female

BoardMembers

Percentage of Female Board

Members

1 Riva Pharma 6 2 4 66.7%

2 International Dry Ice Company- Difco 2 5 2 3 60.0%

3 British Egyptian Company For General Development - Galina 4 2 2 50.0%

4 Brothers Solidarity For Real EstateInvestment & Food Security 6 3 3 50.0%

5 Egyptian Media Production City 16 8 8 50.0%

6 El Ahram Co. For Printing And Packing 4 2 2 50.0%

7 First Investment Company And Real EstateDevelopment 6 3 3 50.0%

8 Memphis Pharmaceuticals 9 5 4 44.4%

9 El Orouba Securities Brokerage 7 4 3 42.9%

10 The Egyptian Modern Education Systems 5 3 2 40.0%

11 Trans Oceans Tours 5 3 2 40.0%

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# Listed Company Name Number of Board Members


Members

Number of Female Board

Members

Percentage of Female

Board Members

12 Marine & Oil Services ( SAE) 13 8 5 38.5%

13 Cairo Educational Services 8 5 3 37.5%

14 Egyptian Transport (EGYTRANS) 8 5 3 37.5%

15 The Arab Ceramic CO. Ceramica Remas 8 5 3 37.5%

16 Al Arafa Investment And Consulting 11 7 4 36.4%

17 Alexandria Pharmaceuticals 9 6 3 33.3%

18 Cairo Pharmaceuticals 9 6 3 33.3%

19 Dice Sport & Casual Wear 6 4 2 33.3%

20 Modern Company For Water Proofing- Bitumode 6 4 2 33.3%

21 Port Saied for Agricultural Development & Construction 6 4 2 33.3%

TOTAL 157 91 66

LISTED COMPANIES WITH 30% OR MORE WOMEN ON BOARDS(CONTINUED)

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WOMEN ON BOARDS IN THE BANKING SECTOR* BASED ON NOVEMBER 2018 DATA

2018




Percentage of Women Board Members 11.4%

The percentage of women board members of Banks is 11.4%

WOMEN ON BOARDS OF BANKS

WOMEN

MEN

3411.4%

26488.6%

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WOMEN ON BOARDS OF BANKING SECTOR

PERCENTAGE OF BANKS ACCORDING TO NUMBER OF WOMEN ON BOARDS

Number of Women on Board Number of Banks with Women on Boards

Percentage of Banks N=34

0 14 41.2%

1 9 26.5%

2 8 23.5%

3 or more 3 8.8%

50%

38%

25%

13%

0%0

41.2%

26.5%23.5%

8.8%

1 2 3 OR MORE

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WOMEN BOARD MEMBERS IN THE BANKING SECTOR 2018

BANKS WITH %30 OR MORE WOMEN ON BOARDS

Female Board Members Representation

Number of Banks N=34

Percentage of Banks

0% - 5% 14 41.2%

5% - 10% 1 2.9%

10% - 15% 7 20.6%

15% - 20% 2 5.9%

20% - 25% 5 14.7%

25% - 30% 4 11.8%

35% - 40% 1 2.9%

Total 34 100.0%

# Bank Name Number of Board Members Number of MaleBoard Members

Number ofFemale Board

Members


Members

1 United Bank Egypt 8 5 3 37.5%

Total 8 5 3

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WOMEN ON BOARDS INTHE PUBLIC ENTERPRISE SECTOR

NUMBER OF SUBSIDIARIES IN PUBLIC ENTERPRISE SECTOR (TOTAL 121 SUBSIDIARIES)

* BASED ON DATA AVAILABLE ONLINE NOVEMBER 2018 AND CONTACT WITH THE COMPANIES

Holding Company Name Number of Subsidiaries

HC for Cotton & Textile Industries 32

HC for Chemical Industries 18

HC for Construction & Development 17

HC for Maritime and Land Transport 16

HC for Metallurgical Industries 15

HC for Pharmaceuticals 11

HC for Tourism and Hotels 9

Misr Insurance HC 3

Total 121

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NUMBER OF HOLDING COMPANIES & SUBSIDIARIES IN PUBLIC ENTERPRISE SECTOR WITH BOARD DATA IN THIS REPORT

Holding Company NameHC with

Available Data

Total Number of Subsidiaries

Subsidiaries with

Available Data

Subsidiaries with Unavailable Data

Total Number of HC &

Subsidiaries with

Available Data

HC for Cotton & Textile Industries 1 32 21 11 22

HC for Chemical Industries 1 18 17 1 18

HC for Construction & Development 1 17 17 0 18

HC for Maritime and Land Transport 1 16 14 2 15

HC for Metallurgical Industries 1 15 12 3 13

HC for Pharmaceuticals 1 11 11 0 12

HC for Tourism and Hotels 1 9 6 3 7

Misr Insurance HC 1 3 3 0 4

Total 8 121 101 20 109

NUMBER OF BOARD MEMBERS IN PUBLIC ENTERPRISE SECTOR (TOTAL 637 MEMBERS)

Holding Company NameHC with

Available Data

Number of Board Members of HC

Subsidiaries with available data

Number of Board Members of Sub-

sidiaries

Total Number of Board Members

Percentage of Total Number of

BoardMembers

N=637

HC for Cotton & Textile Indus-tries 1 7 21 105 112 17.6%

HC for Chemical Industries 1 10 17 86 96 15.1%

HC for Construction & Development 1 3 17 77 80 12.6%

HC for Maritime and Land Transport 1 10 14 112 122 19.2%

HC for Metallurgical Industries 1 7 12 62 69 10.8%

HC for Pharmaceuticals 1 7 11 74 81 12.7%

HC for Tourism and Hotels 1 7 6 38 45 7.1%

Misr Insurance HC 1 7 3 25 32 5.0%

Total 8 58 101 579 637 100.0%

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MALE AND FEMALE REPRESENTATION IN PUBLIC ENTERPRISESECTOR(TOTAL 637 MEMBERS)

Holding Company Name

Total Number of Board Members

Number of MaleBoard

Members

Percentage of MaleBoard

Members

Number of FemaleBoard

Members


BoardMembers

HC for Cotton & Textile Industries 112 104 92.9% 8 7.1%

HC for Chemical Industries 96 86 89.6% 10 10.4%

HC for Construction & Development 80 78 97.6% 2 2.5%

HC for Maritime and Land Transport 122 117 95.9% 5 4.1%

HC for Metallurgical Industries 69 67 97.1% 2 2.9%

HC for Pharmaceuticals 81 63 77.8% 18 22.2%

HC for Tourism and Hotels 45 38 84.4% 7 15.6%

Misr Insurance HC 32 31 96.9% 1 3.1%

Total 637 584 91.7% 53 8.3%

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PERCENTAGE OF WOMEN ON BOARDS IN PUBLIC ENTERPRISE SECTOR

FEMALE BOARD MEMBERS IN PUBLIC ENTERPRISE SECTOR

2018




Percentage of Women Board Members 8.3%

The percentage of female participation in Public Enterprise Sector (101 Subsidiaries and 8 Holding Companies) is 8.3%

WOMEN

MEN BOARD MEMBERS

WOMEN BOARD MEMBERS

MEN

538.3%

58491.7%

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WOMEN ON BOARDS OF PUBLIC ENTERPRISE COMPANIES

Holding Company Name

HC &Subsidiaries

with Available Data

HC &Subsidiaries

with (0) Women on

Boards

HC &Subsidiaries

with (1)Woman on

Boards

HC &Subsidiaries

with (2) Women on

Boards

HC &Subsidiaries

with (3 or more)

Women on Boards

HC for Cotton & Textile Industries 22 15 6 1 0

HC for Chemical Industries 18 12 3 2 1

HC for Construction & Development 18 16 2 0 0

HC for Maritime and Land Transport 15 11 3 1 0

HC for Metallurgical Industries 13 11 2 0 0

HC for Pharmaceuticals 12 3 4 2 3

HC for Tourism and Hotels 7 3 2 1 1

Misr Insurance HC 4 3 1 0 0

Total 109 74 23 7 5

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WOMEN BOARD MEMBERS IN THE PUBLIC ENTERPRISE SECTOR

PUBLIC ENTERPRISECOMPANIES WITH 30% OR MORE WOMEN ON BOARDS

Women Board Members Representation Number of Companies N=109 Percentage of Companies

0% - 5% 74 67.9%

10% - 15% 10 9.2%

15% - 20% 5 4.6%

20% - 25% 6 5.5%

25% - 30% 1 0.9%

30% - 35% 6 5.5%

40 % - 45% 5 4.6%

65% - 70% 1 0.9%

95% - 100% 1 0.9%

Total 109 100.0%

# Holding Company NameNumber of Board Members

Number of Male Board Members

Number of Female

Board Members


Board Members

1 El Nasr Salines Company 3 0 3 100%

2 El Maharees Co. 3 1 2 67%

3 Memphis Company 9 5 4 44%

4 HC for Tourism and Hotels 7 4 3 43%

5 The Egyptian Pharmaceutical Trading Company 5 3 2 40%

6 Misr Pharma 5 3 2 40%

7 Eastern Cotton Company 5 3 2 40%

8 Alexandria Company For Pharmaceuticals & Chemical Industries 9 6 3 33%

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# Holding Company NameNumber of Board Members


Number of Female

Board Members


Board Members

9 Atlas General Contracting, Real Estate Investment, Air Condition and Elevators Work Co. 3 2 1 33%

10 El Nasr Company for Glass and Crystal Manufacture 3 2 1 33%

11 Cairo Pharmaceuticals 9 6 3 33%

12 Misr Travel 6 4 2 33%

13 Sharkatex Company 3 2 1 33%

Total 70 41 29

PUBLIC ENTERPRISE SECTOR

• The highest percentage of female representation on boards is in Pharmaceuticals with 22.2% and Tourism and Hotels with 15.6 % female participation.

• The lowest percentage of female representation on boards is in Construction and Development with 2.5%, Metallurgical Industries with 2.9% and Misr Insurance with 3.1% female representation.

PUBLIC ENTERPRISECOMPANIES WITH 30% OR MORE WOMEN ON BOARDS(CONTINUED)

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METHODOLOGY & LIMITATIONS

• This report was conducted with the participation of the regulators in each sector.

• Rational steps were taken to collect, review and ensure accuracy of data, i.e. consultative

meetings with partners and stakeholders.

• Banking sector data was reviewed by the Central Bank of Egypt.

• Listed companies data was reviewed by the Egyptian Exchange.

• 2017 data used for comparison in this report is only available for listed companies

provided by EGX.

• For consistency, data used for listed banks and listed Public Enterprise companies were

provided by EGX.

• In the calculation of the women on boards’ indicator, 15 women were deducted from the

EGX total number of women on boards of 197 and total number of board members of

1938 as they were already counted in the banking sector to avoid double counting.

• In calculating the women on boards indicator, 13 women were deducted from Public

Enterprise total number of women on boards of 53 and total number of board members

of 637 as they were already counted in EGX listed companies to avoid double counting

• Women on boards in Egypt represent 9% of board members. It is a simple indicator

that includes the companies represented in this report. The Women on Boards Indicator

depends on equal weights for companies regardless of sector or business size.

• This indicator will be refined in coming reports with the completion of public enterprise

companies and addition of companies affiliated with the Financial Regulatory Authority.

• Non-listed Public enterprise data was extracted online and contact with companies

depending on the information available for 101 subsidiaries out of 121 and 8 Holding

Companies. Hence, the data is approximate for 84.5% of public enterprise companies.

EGYPT WOMAN ON BOARDS INDICATOR

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ANNEXES

EGX LISTED COMPANIES WITH ONE WOMAN ON BOARD

ANNEX 1:


Number of Male BoardMembers

Number of Female

Board Members


Board Members

1 Abu Dhabi Islamic Bank- Egypt 8 7 1 12.5%

2 Abu Qir Fertilizers 11 10 1 9.1%

3 Al Moasher for Programming and Information Dissemination 5 4 1 20.0%

4 Al Tawfeek Leasing Company-A.T.LEASE 9 8 1 11.1%

5 Alexandria Flour Mills 7 6 1 14.3%

6 Alexandria Mineral Oils Company 12 11 1 8.3%

7 Alexandria National Company for Financial Investment 5 4 1 20.0%

8 Arab Co. for Asset Management And Development 10 9 1 10.0%

9 Arab Cotton Ginning 10 9 1 10.0%

10 Arab Pharmaceuticals 9 8 1 11.1%

11 B Investments Holding S . A . E 13 12 1 7.7%

12 Cairo Investment & Real Estate Development 8 7 1 12.5%

13 Cairo Oils & Soap 8 7 1 12.5%

14 Canal Shipping Agencies 9 8 1 11.1%

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EGX LISTED COMPANIES WITH ONE WOMAN ON BOARD (CONTINUED)



Number of Female

Board Members


Board Members

1 Abu Dhabi Islamic Bank- Egypt 8 7 1 12.5%

2 Abu Qir Fertilizers 11 10 1 9.1%

3 Al Moasher for Programming and Information Dissemination 5 4 1 20.0%

4 Al Tawfeek Leasing Company-A.T.LEASE 9 8 1 11.1%

5 Alexandria Flour Mills 7 6 1 14.3%

6 Alexandria Mineral Oils Company 12 11 1 8.3%

7 Alexandria National Company for Financial Investment 5 4 1 20.0%

8 Arab Co. for Asset Management And Development 10 9 1 10.0%

9 Arab Cotton Ginning 10 9 1 10.0%

10 Arab Pharmaceuticals 9 8 1 11.1%

11 B Investments Holding S . A . E 13 12 1 7.7%

12 Cairo Investment & Real Estate Development 8 7 1 12.5%

13 Cairo Oils & Soap 8 7 1 12.5%

14 Canal Shipping Agencies 9 8 1 11.1%

15 Credit Agricole Egypt 10 9 1 10.0%

16 Delta For Printing & Packaging 10 9 1 10.0%

17 Delta Sugar 13 12 1 7.7%

18 EDRs Of Al Salam Holding Company 5 4 1 20.0%

19 EGX 30 INDEX ETF 5 4 1 20.0%

20 Egyptian Financial & Industrial 7 6 1 14.3%

21 Egyptian Financial Group-Hermes Holding Company 11 10 1 9.1%

22 Egyptian Real Estate Group 7 6 1 14.3%

23 Egyptians For Investment & Urban Development 4 3 1 25.0%

24 El Nasr Clothes & Textiles (Kabo) 11 10 1 9.1%

25 El Wadi Co. For Touristic Investment 5 4 1 20.0%

26 El Barbary Investment Group ( BIG) 5 4 1 20.0%

27 El-Nile Co. For Pharmaceuticals And Chemical Industries 9 8 1 11.1%

28 Emaar Misr for Development 8 7 1 12.5%

29 Engineering Industries (ICON) 7 6 1 14.3%

30 General Silos & Storage 7 6 1 14.3%

30



Board Members


Members

Number of Female

Board Members


Board Members

31 Glaxo Smith Kline 8 7 1 12.5%

32 Golden Pyramids Plaza 11 10 1 9.1%

33 Heliopolis Housing 6 5 1 16.7%

34 Integrated Engineering Group S.A.E 5 4 1 20.0%

35 International Agricultural Products 8 7 1 12.5%

36 Ismailia Development and Real Estate Co. 7 6 1 14.3%

37 Ismailia Misr Poultry 7 6 1 14.3%

38 Ismailia National Food Industries 9 8 1 11.1%

39 Marsa Marsa Alam For Tourism Development 4 3 1 25.0%

40 Medical Packaging Company 6 5 1 16.7%

41 Medinet Nasr Housing 10 9 1 10.0%

42 Middle East Glass Manufacturing Co. 5 4 1 20.0%

43 Misr Beni Suef Cement 7 6 1 14.3%

44 Misr Duty Free Shops 7 6 1 14.3%

45 Misr Kuwait Investment & Trading Co. 6 5 1 16.7%

46 Misr Oils & Soap 7 6 1 14.3%

47 North Africa Co. for Real Estate Investment 4 3 1 25.0%

48 Orascom Development Egypt 7 6 1 14.3%

49 Osool Brokerage Securities Co. 7 6 1 14.3%

50 Paper Middle East (Simo) 9 8 1 11.1%

51 Prime Holding 8 7 1 12.5%

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EGX LISTED COMPANIES WITH TWO WOMEN ON BOARDS


Board Members


Number of Female

BoardMembers


Members

52 Raya Contact Center 7 6 1 14.3%

53 Reacap Financial Investments 6 5 1 16.7%

54 Sharkia National Food 10 9 1 10.0%

55 Sharm Dreams Co. for Tourism Investment 7 6 1 14.3%

56 Shorouk For Modern Printing And Packaging 5 4 1 20.0%

57 Sidi Kerir Petrochemicals 13 12 1 7.7%

58 Societe Arabe Internationale De Banque (SAIB) 11 10 1 9.1%

59 South Cairo & Giza Mills & Bakeries 7 6 1 14.3%

60 Suez Cement 13 12 1 7.7%

61 United Housing & Development 9 8 1 11.1%

62 Zahraa Maadi Investment & Development 9 8 1 11.1%

Grand Total 493 431 62



Number of Female

Board Members


Members

1 Al Baraka Bank Egypt 12 10 2 16.7%

2 Alexandria Medical Services 11 9 2 18.2%

3 Arab Gathering Investment 7 5 2 28.6%

4 Arab Polvara Spinning & Weaving Co. 7 5 2 28.6%

5 Beltone Financial Holding 13 11 2 15.4%

6 British Egyptian Company For GeneralDevelopment - Galina 4 2 2 50.0%

7 Citadel Capital 8 6 2 25.0%

32




Members


Members

EGX LISTED COMPANIES WITH TWO WOMEN ON BOARDS (CONTINUED)

8 Cleopatra Hospital Company 11 9 2 18.2%

9 Commercial International Bank (Egypt) 9 7 2 22.2%

10 Dice Sport & Casual Wear 6 4 2 33.3%

11 East Delta Flour Mills 9 7 2 22.2%

12 Edita Food Industries S.A.E 9 7 2 22.2%

13 Egyptian Arabian (cmar) Securities Brokerage EAC 10 8 2 20.0%

14 El Ahli Investment and Development 8 6 2 25.0%

15 El Ahram Co. For Printing And Packing 4 2 2 50.0%

16 El Kahera El Watania Investment 7 5 2 28.6%

17 El Shams Pyramids For Hotels & Touristic Projects 7 5 2 28.6%

18 International Company For Leasing (IncoLEASE) 11 9 2 18.2%

19 Juhayna Food Industries 7 5 2 28.6%

20 Misr Cement (Qena) 9 7 2 22.2%

21 Misr National Steel - Ataqa 7 5 2 28.6%

22 MM Group Industrial & International Trade (In Kind) 9 7 2 22.2%

23 Modern Company For Water Proofing- Bitumode 6 4 2 33.3%

24 Nasr Company for Civil Works 7 5 2 28.6%

25 Obour Land For Food Industries 7 5 2 28.6%

26 Port Saied for Agricultural Development and Construction 6 4 2 33.3%

27 Qatar National Bank Alahly 9 7 2 22.2%

28 Rowad Tourism (Al Rowad) 11 9 2 18.2%

29 Samad Misr - EGYFERT 7 5 2 28.6%

30 Saudi Egyptian Investment & Finance 10 8 2 20.0%

31 The Egyptian Modern Education Systems 5 3 2 40.0%

32 Trans Oceans Tours 5 3 2 40.0%


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LISTED COMPANIES WITH THREE OR MORE WOMEN ON BOARDS

# Listed Company NameNumber of Board Members


Members


Members


Board Members

1 Al Arafa Investment And Consulting 11 7 4 36.4%

2 Alexandria Pharmaceuticals 9 6 3 33.3%

3 Brothers Solidarity For Real EstateInvestment & Food Security 6 3 3 50.0%

4 Cairo Educational Services 8 5 3 37.5%

5 Cairo Pharmaceuticals 9 6 3 33.3%

6 Egyptian Media Production City 16 8 8 50%

7 Egyptian Transport (EGYTRANS) 8 5 3 37.5%

8 El Orouba Securities Brokerage 7 4 3 42.9%

9 Export Development Bank of Egypt (EDBE) 11 8 3 27.3%

10 First Investment Company And Real Estate Development 6 3 3 50.0%

11 Golden Textiles & Clothes Wool 12 9 3 25.0%

12 Housing & Development Bank 11 8 3 27.3%

13 International Dry Ice Company- Difco 2 5 2 3 60.0%

14 Kafr El Zayat Pesticides 11 8 3 27.3%

15 Marine & Oil Services ( SAE) 13 8 5 38,5%

16 Memphis Pharmaceuticals 9 5 4 44.4%

17 Oriental Weavers 17 13 4 23.5%

18 Pyramisa Hotels 11 8 3 27.3%

19 RIVA PHARMA 6 2 4 66.7%

20 The Arab Ceramic CO.- Ceramica Remas 8 5 3 37.5%


34

ANNEXESANNEX 2:

# Bank Name Number of Board Members



Members


Members

1 Banque de Caire 9 8 1 11.1%

2 Egyptian Arab Land Bank 9 8 1 11.1%

3 Bank of Alexandria 6 5 1 16.7%

4 Industrial Development Bank 8 7 1 12.5%

5 Ahli United Bank 7 6 1 14.3%

6 Abu Dhabi Islamic Bank - Egypt 8 7 1 12.5%

7 Credit Agricole Egypt 10 9 1 10.0%

8 Attijariwafa Bank 9 8 1 11.1%

9 Societe Arabe Internationale de Banque 11 10 1 9.1%

Total 77 68 9

BANKS WITH ONE WOMAN ON BOARD

35

BANKS WITH THREE OR MORE WOMEN ON BOARDS

# Bank Name Number of

BoardMembers

Number ofMale

BoardMembers


Members


Members

1 Housing and Development Bank 11 8 3 27.3%

2 United Bank Egypt 8 5 3 37.5%

3 Export Development Bank of Egypt 11 8 3 27.3%

Total 30 21 9

BANKS WITH TWO WOMEN ON BOARDS

# Bank Name Number of

BoardMembers


Members


Members


Board Members

1 National Bank of Egypt 9 7 2 22.2%

2 Commercial International Bank 9 7 2 22.2%

3 Banque Misr 10 8 2 20.0%

4 Qatar National Bank 9 7 2 22.2%

5 Arab Investment Bank 8 6 2 25.0%

6 Central Bank of Egypt 8 6 2 25.0%

7 HSBC 9 7 2 22.2%

8 Al Baraka Bank- Egypt 12 10 2 16.7%

Total 74 58 16

36

ANNEXESANNEX 3:

PUBLIC ENTERPRISE COMPANIES WITH ONE WOMAN ON BOARD

# Company Name Number of Female Board Members



Members

Percentageof Female

Board Members

1 HC for Cotton and Textile Industries 7 6 1 14.3%

2 El-Siouf Spinning and Weaving Company 5 4 1 20.0%

3 Misr Cotton Export Co. 5 4 1 20.0%

4 Sharkatex Company 3 2 1 33.3%

5 Delta Cotton 6 5 1 16.7%

6 El Wady Cotton Company 5 4 1 20.0%

7 The Egyptian Company for Pipes and Cement Products 5 4 1 20.0%

8 Sinai Manganese Co. 6 5 1 16.7%

9 El Mex Salines Co. 5 4 1 20.0%

10Atlas General Contracting, Real Estate Investment, Air Condition and Elevators Work Co.

3 2 1 33.0%

11 Heliopolis Co. for Housing and Development 6 5 1 16.7%

37

# Company NameNumber of Female

Board MembersNumber of Male Board Members


Members


Members

PUBLIC ENTERPRISE COMPANIES WITH ONE WOMAN ON BOARD (CONTINUED)

12 HC for Maritime and Land Transport 10 9 1 10.0%

13 Port Said Containers and CargoHandling Co. 9 8 1 11.1%

14 Misr Import and Export Co. 7 6 1 14.3%

15 HC for Metallurgical Industries 7 6 1 14.3%

16 El Nasr Company for Glass and Crystal Manufacture 3 2 1 33.3%

17 HC for Pharmaceuticals 7 6 1 14.3%

18 Nile Pharma 8 7 1 12.5%

19 El Nasr Pharmaceutical Chemicals Co. 8 7 1 12.5%

20 Arab Drug Company 9 8 1 11.1%

21 Misr Company for Sound and Light 6 5 1 16.7%

22 El Masnoat El Misryia Company 6 5 1 16.7%

23 Misr Real Estate AssetsManagement 7 6 1 14.3%

Total 143 120 23

38

PUBLIC ENTERPRISE COMPANIES WITH TWO WOMEN ON BOARDS

PUBLIC ENTERPRISE COMPANIES WITH THREE OR MORE WOMEN ON BOARDS

# Company Name Number of

BoardMembers


Members


Members


Members

1 HC for Chemical Industries 10 8 2 20%

2 El Maharees Co. 3 1 2 67%

3 Eastern Cotton Company 5 3 2 40%

4 Misr Car Trading Co. 7 5 2 29%

5 The Egyptian Pharmaceutical Trading Company 5 3 2 40%

6 Misr Pharma 5 3 2 40%

7 Misr Travel 6 4 2 33.3%

Total 41 27 14

# Company Name Number of

BoardMembers


Members


Members


Members

1Alexandria Company For Pharmaceuticals & Chemical Industries

9 6 3 33%

2 El Nasr Salines Company 3 0 3 100%

3 HC for Tourism and Hotels 7 4 3 43%

4 Cairo Pharmaceuticals 9 6 3 33%

5 Memphis Company 9 5 4 44%

Total 37 21 16

39

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