Each share holder is entitled to the dividend on the net profit of the company according to share holding. 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 as mentioned previously.
The share company would keep legal and reserve working capital. Then 10% of the net profit after tax will be allocated to promoters and founders as follows:
- 5% to the founders of the company
- 3% to the main promoters
- 2% is reserved for new subscribers, founders and advisers who would play significant role to wards the realization of the project.
By applying subscription of shares each applicant irrevocably agrees that the 10% of the net profit for the first 3 years of operation will be allocated to the promoters and founders.
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.