- What is the minimum and maximum share that can be subscribed?
The minimum share that should be subscribed is 20 shares and the maximum investment is 40% shares.
- What are the terms of payment?
- 40% upon subscription
- 30% upto February 7,2012
- 30% upto January 8, 2013
- When will the Cement Factory start operation?
It is believed by Habesha Cement S.Co. promoters that the factory will start operation after 20 months from the date of signing of contract with plant suppliers.
- Where is the factory going to be located?
It’s going to be located near Holeta area which is 35Kms away from Addis Ababa.
- How is profit allocated to founders and promoters?
Each shareholder is entitled to a dividend on the net profit of the Company proportional to his or her shareholding. The General Meeting of Shareholders will declare the amount of dividend to be paid. Ten percent (10 %) of the net annual profit will be given to the Promoters and Founders of the company. Three percent (3 %) will be given to the founders and the remaining seven percent (7 %) to the promoters for the first 3 years after the start up of operation. The 7 % allocated to the promoters will be distributed: 3 % to the main promoters and 2 % to the associate promoters. The remaining 2 % is reserved for founders and advisors who would play a significant role towards the realization of the project and whose effort and contribution is recognized by the main promoters.