Our History - Timeline

May 1996
Foundation

was founded by a devoted local entrepreneur. Through years of successful business leadership AAD Plc.

June 1996
Agricultural Development

June 1996- Amibara Agricultural Development Plc (AAD) itself was established on 800 hectares of land which was part of the former Amibara Angelele farm by renting from the local society in 1996G.c.

May 1997
build great reputation

Build great reputation in the countries agribusiness through acquisition of other farms

May 1998

At this time the company has manages more than 10,000 hectares of land.

May 2000
FIT MODELS

After years of expanding the farming business it has integrated horizontally beginning from 2006

2006

In 2006 The Company leased Omo valley Agro-Industry plc (the former Birale Agricultural Development)

2007

In 2007 Middle Awash Agricultural Development Enterprise (Afar Region) has been leased from Privatization and Public Enterprises Supervising Agency

2007

The Enterprise with a ginning factory administers three state farms namely Melka werer, Melka Sedi and Sidha Fagie state farms.

2008

Amibara aviation service in 2008 purchased from Ethiopian Airlines with capital of 25 million birr or 892,857 USD.

2008

Addis Modjo Edible Oil mill is also acquired with the capital of 78 million birr or $ 2,785715 USD from the Privatization and Public Enterprises Supervising Agency in 2008.

March 2011

G.C total ownership transfer with a capital of 350 million birr or $12,500,000 USD has been traded.

2017

the total cultivable land holding of Amibara Agricultural Development PLC has increased to more than 10,867 hectares in the years between 2006 and 2017G.c.

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