ALEXANDRIA CO. FOR REFRACTORIES ACR ﺎﻳﺮﺤﻠﻟ ﺔﻳﺪﻨﻜﺳﻹ ﺔﻛﺮﺷ  ﺔﻴﻧﺪﻌﻤﻟ ﺎﻋﺎﻨﺼﻟ
Board Committees Audit Committee

Implementation  

of  

the  

Recommendations  

of  

the  

AGM  

of  

the  

Company  

held  

on  

23/03/2010  

and  

the

application  

of  

the  

principles  

and  

rules  

of  

corporate  

governance  

through  

the  

development  

of  

mechanisms  

and

systems  

that  

will  

link  

between  

the  

company's  

shareholders  

and  

board  

of  

directors  

tuning  

in  

addition  

to

ensuring  

the  

rights  

of  

all  

parties  

dealing  

with  

the  

company  

and  

affected  

its

activity,   

practices   

and   

where   

governance   

system   

companies   

includes

many  

of  

the  

pillars  

of  

perhaps  

the  

most  

important  

of  

audit  

committees

benchmark  

for  

its  

role  

in  

the  

control  

processes  

on  

what  

is  

happening

within  

the  

company  

and  

according  

to  

a  

article  

No.  

(7)  

of  

the  

rules  

under

and  

continued  

under  

the  

write-off  

of  

securities,  

which  

states  

that  

"it

should   

be   

for   

each   

restricted   

company   

with   

securities   

schedules

bourse  

Committee  

for  

review  

selected  

by  

the  

board  

of  

Directors  

and

not  

less  

than  

the  

number  

of  

members  

of  

the  

three  

are  

known  

for

their   

competence   

and   

experience   

in   

the   

field   

of   

Company   

board

members  

Guise  

executives,  

headed  

by  

one  

of  

them  

if  

not  

the  

company  

has  

a

sufficient   

number   

of   

them   

are   

complete   

the   

membership   

of   

the   

Committee   

of   

experienced

committee   

will   

work   

independently   

of   

management   

the   

company   

offers   

a   

Committee   

of   

the   

board   

of

Directors  

straight  

month  

on  

its  

work  

and  

a  

report  

containing  

proposals  

and  

recommendations  

"based  

upon

the  

issue  

was  

presented  

to  

the  

board  

of  

Directors'  

meeting  

held  

on  

30/03/2010  

the  

decision  

was  

made  

to  

form

a committee review of the company and determine the tasks which are as follows: -

The formation of the Audit Committee: -

1. Accountant / Esmail Ashour Alaam A certain member of the board of directors non-executive Head 2. Engineer / Gamal-Eldeen Ali El-Sheashaai A certain member of the board of directors non-executive Member 3. Accountant / Mostafa Ali Mostafa Experienced persons from outside the company Member 4. Accountant / Ibrahim Mahmoud Abd-Allah Head of Planning and Follow-up sector Member and  rapporteur

The functions of the Audit Committee: -

Review the accounting policies used in the company and the changes resulting from the application of

new accounting standards.

Study reports and plans of internal audit and its corrective actions and its consequences.

The adequacy and integrity of the disclosure of financial information and relevant information.

Review annual and periodic financial statements and inspection of procedures to be followed in the

preparation of them .

Study budgeting, including lists of cash flows and income estimates and testing procedures to be

followed in the preparation of them

Review the comments of the External Auditor on the financial statements and follow up on them.

Ensure the application of oversight methods necessary to maintain the company's assets and conduct

the periodic evaluation of administrative procedures to ensure  compliance with the rules and the

Committee should verify the response of the  company's management to the recommendations of the

auditor and the Board of the  Capital Market.

The Committee submits its monthly reports to the Board of Directors of  the company directly.

The Board of Directors can charge the Committee with any  works it considers to be in favor of the company.

An audit committee was formed on 30 March 2010 implementing the recommendation of the ordinary general assembly of the company held on 23 March 2010.
Developer : Mohamed Said Ramadan © Alexandria Company for Refractories 2017