Yearex Group Board Meeting Statement


Yearex Group of Companies is pleased to announce the success of its recent board meeting held on the 30th of September and 1st of October 2023 at our regional headquarters in Cairo, Egypt. The purpose of this meeting was to review and discuss the company’s second quarter results and reports, with a focus on identifying strategies to enhance our performance, maintain competitiveness, and maximize profitability while upholding the highest standards of quality.

During the meeting, the board carefully analyzed the reports presented by the sector managers, examining key performance indicators, market trends, and financial data. Through constructive discussions and thorough analysis, the board members were able to identify areas of improvement and make informed decisions to drive the company forward.

We are particularly delighted to welcome Mr. Waleed Abdulmalek as an independent member of our board. This was Mr. Abdulmalek’s first attendance at our board meetings, and his expertise and insights have made a significant impact on the professionalism and efficiency of our discussions. His valuable contributions have enriched the decision-making process, demonstrating the strength and diversity of our board.

As a result of the meeting, the board has formulated a series of recommendations and decisions aimed at enhancing the company’s overall performance. These measures encompass various aspects of our operations, including sales and marketing strategies, operational efficiency, research and development, and financial management. By implementing these recommendations, we aim to optimize our processes, reduce costs, and ultimately deliver even greater value to our stakeholders.

Yearex Group of Companies remains committed to maintaining its position as a leader in the market. We recognize the importance of continuous improvement and adaptation in today’s dynamic business landscape. Through the collaborative efforts of our board members and the dedication of our talented workforce, we are confident in our ability to navigate challenges and seize opportunities that lie ahead.

We extend our gratitude to all the board members for their active participation and valuable contributions during this meeting. Their wealth of experience, diverse perspectives, and unwavering commitment to the company’s success have greatly contributed to the outcomes achieved. We also express our appreciation to the management team and employees for their hard work and dedication, without which these achievements would not have been possible.

As we move forward, Yearex Group of Companies remains focused on driving sustainable growth, nurturing innovation, and delivering exceptional results. We are confident that the decisions made during this board meeting will pave the way for a prosperous future, enabling us to further strengthen our position in the market and create long-term value for our shareholders.

Yearex Group Board