This share company is formed by 15 individuals with 15 shares (150,000 birr). This contributed many is used for facilitating the establishment of the company. The company registered by the Ethiopian Trade and industry ministry under registration number 020/2/6759/2001. In order to facilitate the establishment of the company there is an initial capital of birr 150,000 (One hundred fifty thousand birr) which is contributed by the founders.
The anticipated capital 150,000,000 (One hundred fifty million birr) will be collected by sales of the share. For this purpose there is a closed account which is opened for the share offer. So it is impossible to withdraw any fund from the blocked account opened under the name of Hibir Agro Industry S.C as per the agreement letter written by the different banks to the share company until the new general assembly elects the new board of directors to operate the company. This is to guarantee the safety of their investment for our prospective subscribers.
Objectives of Hiber
The overall objective of Hiber Agro Industry is to increase food production and derive benefits for its share holders.
The specific objectives include:
- Fattening (cattle, sheep and goats), dairy development, forage production, poultry production, apiary development and large scale irrigated agriculture.
- Achieving any other activities that are related to Hiber Agro Industry Share Company.

