Digitize for Investment and Technology has announced the successful conclusion of its Ordinary General Assembly Meeting, during which shareholders approved several key resolutions that reflect the company’s strong financial position and ambitious strategy to expand both locally and regionally.
The meeting included the approval of the Board of Directors’ report on company operations and the financial statements for the fiscal year ending December 31, 2024. The board members were discharged from liability for the fiscal period, and shareholders approved the carryforward of profits, which came in significantly higher than the previous year—reflecting the company’s robust financial performance and sustainable growth.
The assembly also approved the new formation of the Board of Directors, with the addition of Dr. Ahmed Darwish, former Minister of Local Development, and Major General Alaa Atwa as independent expert members. Their extensive experience is expected to support Digitize’s expansion strategy in Egypt and abroad, while enhancing shareholder confidence in the company’s leadership and commitment to the highest standards of governance and transparency.
Commenting on the outcomes of the assembly, Eng. Yousry Atlam, CEO of Digitize, stated:
“The successful conclusion of the OGM and the unanimous approval of the resolutions are a strong vote of confidence from our shareholders in Digitize’s forward-looking vision and the management team’s ability to execute ambitious growth plans.”
“We are fully committed to expanding our digital services and investing in cutting-edge technology solutions that position us as a strategic partner in driving digital transformation across Egypt and the wider region.”
“In the coming period, we aim to scale up investments in localizing tech industries, artificial intelligence, cloud computing, and digital infrastructure. We are also working to unlock new markets, building on the strong momentum we’ve achieved over recent years and responding to the growing demand for innovative digital solutions.”
He concluded by reaffirming the company’s commitment to upholding best practices in governance and transparency, enhancing shareholder value, and expanding its client base through the delivery of high-value products and services.
Digitize’s financial performance saw remarkable growth in the past year. Net profits surged by approximately 1,170%, rising 4.5 times to EGP 26.04 million in 2024, compared to EGP 5.75 million in 2023. Revenues also grew significantly, reaching EGP 427.05 million, up from EGP 355.49 million the previous year, reflecting increased demand for Digitize’s services and the successful expansion of its client base.
