Investment for A brighter Future!

Dividend Policy

Each shareholder is entitled to a dividend on the net profit of the Company according to 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%) is allocated as promoters as follows; For the first 3 years after the company starts its operation.

A) 3% is allocated to main promoters

B) 2% is allocated to for associate promoters

C) 2% is allocated to those who have done special contribution.

 

  • Founders of the company are those who subscribe shares before April 30th, 2009.

Investment Guarantees and protections for foreign Investors
Ethiopia is a member of:

  • Multilateral Investment Guarantee Agency (MIGA), which issues guarantees against non-commercial risks to enterprises that invest in signatory countries;
  • International Center for Settlement of Investment Disputes between States and Nationals of other States (ICSID)
  • In addition, the country has signed double taxation avoidance treaty with various countries.

The company performs according to capital repatriation and remittance that are granted by the investment authority which directs payment to be made in convertible currency.

 
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