MIDROC Ethiopia PLC
MIDROC Ethiopia Group is one of the world-wide MIDROC Group Companies owned by Sheikh Mohammed Al-Amoudi. These Group Companies are operating in Africa, Europe, the Middle East, and the United States of America.
MIDROC Ethiopia Plc through its Finance Department has carried out various investments and financing activities for over the past two decades.
It has been dealing with the sources of funding and the capital structure of companies as well as allocation of financial resources, its primary goal being to maximize or increase the value of the company to the shareholders. Besides, it is concerned with the setting of criteria about which value-adding projects should receive investment funding, and whether to finance that investment with equity or debt capital. Working Capital Management in connection with the short-term financing of current assets and current liabilities has been also its main focus in managing cash, inventories, and short-term borrowing.
Having taken the above into consideration, the following have been, in brief, the major performances of MIDROC Ethiopia since its establishment:
- Establish new Companies;
- Acquire companies from government during the openly announced privatization of publicly owned businesses, or joint investment with the government, or negotiation with the government, and from private businessmen,
- Facilitate Funding and Financing for new or acquired companies;
The Total Investment of Funds made by its owners alone since the inception of MIDROC Ethiopia Plc up to June 30, 2016, for various projects and company establishment amounts to well over Birr 50 (fifty) billion. This figure does not include the investment made by individual companies.