The Comité National du Kivu (an association with civil status) was established by decree on January 13, 1928.

The Comité National du Kivu was set up in response to the government's concern for the development of regions neglected despite their favorable natural conditions. Its aim was to resolve legal and financial issues linked to the organization and development of these territories. 21-(1950 T3 - 2785).

The Association's capital was initially set at one hundred million francs, represented by two hundred shares of 500,000 francs each.

Capital history

1928

On February 13, the capital was raised to 150 million francs; the same year, on July 31, it was increased to two hundred million francs by the issue of additional shares. 21-(1950 T3 - 2786)

1934

The Association's capital was reduced from 200 to 125 million; the value of shares was reduced proportionally. This capital reduction was approved by the Royal Decree on December 22. 21-(1950 T3 - 2789)

1935

The capital was reduced from 125 to 100 million francs, with the aim of allocating the amount to amortize the loss on December 31, 1934, which included the special amortizations made. As a result, the nominal value of each share was reduced to 250,000 francs. The Royal Decree of December 16 approved this capital reduction. 21-(1950 T3 - 2790)

1937

In accordance with the agreement of October 21, approved by decree on March 7, 1938, the capital was reduced to eighty-six million francs, which meant that the nominal value of the shares was reduced to 215,000 francs. 21-(1950 T3 - 2790)

1947

The Extraordinary General Meeting of October 2 resolved: 1) to increase the Association's capital by incorporating a special reserve of 21,500,000 francs, bringing the total amount to 107,500,000 francs; 2) to issue 2,000 twentieths of new shares, allocated free of charge and fully paid up to existing shareholders, on the basis of 5/20ths of a new share for each existing share. 21-(1950 T3 - 2791)

Image of the title issued on June 14, 1948, specimen and canceled by perforation

1954

The creation of 50,000 new shares was approved by the Meeting, who set the exchange rate at one hundred new shares for one old share, and five new shares for one twentieth of an old share. The old shares, with coupon no. 15 et seq. attached, were exchanged for the new shares, with coupon no. 27 et seq. attached. 21-(1962 T3 - 3314/15)

1961

At the Extraordinary General Meeting held on January 31, the company's capital was increased from 107,500,000 francs to 129,752,500 francs. This led to the creation of 10,350 shares, numbered from 50,001 to 60,350, which were allocated to Compagnie des Chemins de fer du Congo Supérieur aux Grands Lacs Africains "C.F.L.". These new shares will enjoy the same privileges as the previous ones, except in the event of payment of an indemnity stipulated in a 1960 agreement or a further increase in capital. 21-(1962 T3 - 3314/15)

Name change and new status

The company, which began life as an association under the name "Comité National du Kivu", became a Congolese limited liability company under the name "Société Belgo-Africaine du Kivu" (Sobaki). On June 27, 1960, the Board of Directors, exercising the powers delegated by the law of June 17, 1960, then adopted the status of a Belgian limited company. Its registered office was established in Brussels, with a capital of 129,752,500 Belgian francs, divided into 60,350 shares. 21-(1962 T3 - 3314/15).

Société Belgo-Africaine du Kivu - SOBAKI - S.A.

Object

This included commercial activity on an international scale, including Kivu and Africa, linked to the exploitation of mines, quarries, forests, farmland, and livestock, as well as the sale of all equipment, machinery and materials associated with mines, quarries, forests, agriculture, and livestock. It also included the acquisition and management of patents relating to these activities. Real estate trading was also included. 21-(1961 T4 - 3526/27)

Contribution(s)

Sobaki helped create two new Congolese companies by contributing its mining resources in Kivu. One of these was Société Kivumines, in which Sobaki held a significant majority stake, while the other was Société Phibraki, half of whose capital came from Sobaki's mining contribution and half from a subscription by the New York-based Philipp Brothers group. 21-(1965 T3 - 2377/78).

Name change

At the end of the year 1965, the new name was adopted as SOBAKI (Société de Finance et de Gestion) - S.A.

SOBAKI (Société de Finance et de Gestion) - S.A.

Capital history

1965

In accordance with the provisions concerning the 10,350 shares created in 1961, the AGM of October 15, decided to increase the capital from 129,752,500 francs to 160 million francs, by incorporating a fund available following a settlement with the Democratic Republic of Congo. This increase led to the creation of 13,546 new shares. These were allocated to the owners of existing shares (numbered from 1 to 50,000) and to the Compagnie des Grands Lacs (numbered from 50,001 to 63,500); i.e. 12,500 shares to shares (numbered from 1 to 50,000) at the rate of one new share for every four existing shares, and 1,046 shares to shares (numbered from 50,001 to 63,500). 21-(1965 T3 - 2377/78).

1966

A combined operation of share exchange and free allocation was conducted in the form of an exchange; the capital was then 160 million francs represented by 73,896 shares. 21-(1975 T2 - 1544). 

1977

The Compagnie de la Ruzizi was absorbed by Sobaki, raising its capital to 220 million with 100,846 shares. 2-(1979 p 124)

1983

The issue of 100,846 AFV shares at a unit price of 1,600 francs increased the capital to 381,400,000 francs. The shares were subscribed at a rate of 1 AFV share for each old share. At that time, the capital was made up of 100,846 "classic" shares and 100,846 "AFV" shares. 2-(1985 p 210/11)

1986

The Fagaz company subscribed 100,846 ordinary shares at a unit price of 1,990 francs, bringing the capital to 573 million francs. This capital was represented by 201,692 ordinary shares and 100,846 AFV shares. Shareholders were offered shares at the same price, i.e., one new share for two old shares. 2-(1988 p 227/28)

Since 1975, the Company has managed a portfolio of real estate assets and mining companies. 2-(1976 p 136)

Absorption

Société Sobaki was absorbed by Fagaz on 29-06-1989; the exchange of shares took place at the end of October 1989 at the rate of five new Fagaz shares coupon thirty-eight att for 3 SOBAKI shares coupon fifty-six att. 2-(1990 p 137).

*** Translated with www.DeepL.com/Translator (free version) ***