• About_our group

Our Group

Founded in 1911 as a sugar estate, Medine grew along with the economic development of Mauritius through the years, by diversifying its activities into leisure and tourism, agriculture and trade.

Capitalising on the prime geographic location of its 3,000-hectare land bank on the west coast of the island, Medine engaged in an unprecedented property development programme to turn the region into a sustainable and attractive place to live for both Mauritian families and visitors.

Medine Limited is listed on the Stock Exchange of Mauritius with a market capitalisation of MUR 10 billion (Euro 244 million) and stands among the top 75 Mauritian companies.

Our Group
ThierrySauzier

“Medine has a rich history as a pioneer in many fields of activity and Uniciti is yet another landmark as we push forward. We have successfully expanded our activities from being solely a sugar producer to a diversified organisation. The Medine Group devised a vision around the virtuous circle of the knowledge economy and we are confident that high-quality tertiary education and research will in time become a new pillar of Mauritius’ economy.”

Thierry Sauzier
CEO of Medine Group

Medine in figures

A few figures to provide an indication of what is medine today vicinity of the country's major cities on the highly desirable west coast of Mauritius, Medine has engaged in a major integrated property.

Key Figures

10,200 hectares

Surface area(ha)

1,517

Employees

MUR 21,48 Bn

Total Assets(MUR)

MUR 15,91 Bn

Total Equity(MUR)

Latest achievements

As a pioneer in a number of activities, Medine still looks ahead to develop innovative solutions that best fit the lifestyle of the new century. Through its Agriculture, Education, Property Development, and Leisure sectors, the centennial company is, more than ever, set to turn the West of the island into a major “work, live, play” destination.

Corporate Governance

Board of Directors

The Board of Directors adheres to the highest principles of good governance and ensures that these are followed and applied throughout the Group. It recognises the importance of such principles and views their application as an opportunity to critically review the Company’s structure and processes. It is the Company’s ultimate decision-making entity and believes that the adoption of the highest standards of governance is imperative for the enhancement of shareholder value.

The Board of Directors is primarily responsible for, among other things, the review and adoption of strategic plans, the overview of business performance, the adoption of appropriate risk management systems, and the establishment of proper internal control systems.

The Board of Medine is composed of 11 directors, of which 1 is executive, 2 are independent non-executives and 8 are non-executives, including the Chairman. The Chairman of the Board is elected by his fellow Directors and is responsible for leading the Board.

All Board members have access to the services of the Company Secretary, who is responsible for ensuring that Board procedures are followed and for the monitoring of corporate-governance processes.

 

Board Committees

The Corporate Governance Committee and Audit Committee of Medine oversee the governance and audit and risk issues of the Company.

 

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