Hagere Construction SC is established to bring benefits
to the shareholders by investing in a sector that has high demand but little
supply. Hager as a high grade construction company will provide services as
contractor for government and private companies; develop real estate housing
for the middle income earner group that is in high demand; build and rent
commercial center for the burgeoning demand as a result of population growth
and economic development.
Hagere strives
to fulfill the demands of the period, and to funnel the benefits to the many
shareholders thereby ensuring shared development and prosperity within the
country. Hagere Construction S.C is a share company registered by the Ministry of Trade and
Industry Ministry under Registration Number 04/1/3/22017/01.The Company has
been established by 13 people who have paid up and signed 400 shares (four
hundred thousand Birr).
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Summary of Share Offering
(See Prospectus for full details)
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Par Value (per share)
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ETB 1,000 |
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Service Charge (per share)
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ETB 60
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| Terms of Payment |
Full Payment OR 40% Payment on subcription AND 40% THREE MONTHS after 1st Paymant, 20% THREE MONTHS after 2nd Payment |
Minimum Investment
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5 shares (ETB 5,000 + Service charge)
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Maximum Investment
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5,000 shares (ETB 5,000,000 + Service charge)
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Founding Shareholder Benefits
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3% of Net Profit For Company Founders
5% of Net Profit For Promoters
6% of Net Profit for Subscribers within foundation period
2% of Net Profit for Founding Members with Special Contribution to the Foundation of the company.
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| Initial Offering Closing Date |
March 8, 2009
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| Initial Offering Closing Date |
None.
Shares
may be purchased under the same terms as outlined above with the
exception that founding member benefits are no longer extended. Shares
will continue to be available until the target capitalization (300
million ETB) has been reached.
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Our Objectives
Hagere
Construction Share Company is first mover by organizing a public shareholding
company in the construction sector. The main objective of “Hagere” is to
advance the interests of shareholders using the good policy environment that
encourages the participation of the private sector in national economic
development. There are multiple benefits
to the establishment of, through shareholding, a high grade construction
company that could meet the demands of current economic developments. Firstly, it brings high return on investment
for shareholders. Secondly, it ensures the sustainability of development in Ethiopia
through job creation and high performance. Thirdly, as the saying goes “If
threads unite they could entangle a lion” it is possible to raise high
operating capital in a short time through shareholding. Raising the necessary
capital for high grade Construction Company in the traditional way used o take
decades; now it is possible to reap multifold benefits through a united
investment plan.
How to Invest
Simply drop us an
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or call your nearest Emergent Global office (011 6-618-55-94 in Addis
Ababa, Ethiopia or 703-435-9455 in the US or from anywhere else in the
world) and we will walk you through the entire process.
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