Shah Karim al-Husayni, also known as Aga Khan IV, has experienced a surge in the value of his investment in Kenyan company Jubilee Holdings. This increase is due to the recent upswing in the company’s shares, which are based in Nairobi and operate in insurance and investments.
According to data tracked by Billionaires.Africa, the market value of Aga Khan IV’s stake in Jubilee Holdings has soared by Ksh268.07 million ($1.69 million) over the past 27 days, as investors on the Nairobi Stock Exchange continue to increase their stakes in Jubilee Holdings.
Jubilee Holdings shares rise by five percent, pushing market cap above $85 million
Jubilee Holdings, the first insurance company in Mombasa, has evolved into the top insurance provider in East Africa. Serving over 1.9 million clients, it holds the position of the largest composite Insurer in the region, with a significant presence in Kenya, Uganda, Tanzania, Burundi, and Mauritius.
In recent times, the share price of Jubilee Holdings has increased by 5.42 percent over the past 27 days, climbing from Ksh180.00 ($1.133) on Jan. 16 to Ksh189.75 ($1.194) at the time of drafting this report — thus propelling the group’s market capitalization above $85 million.
Aga Khan IV’s stake in Jubilee Holdings surpasses $30 million
Shah Karim al-Husayni, also known as Aga Khan IV, is best known for founding Nation Media Group, East Africa’s largest independent media organization.
Through the Aga Khan Fund for Economic Development, Aga Khan IV owns 37.98 percent, or 27,494,108 ordinary shares, of Jubilee Holdings and 11.85 percent of its Mauritian subsidiary.
With the recent increase in Jubilee shares, the market value of Khalil’s stake in the insurance group has increased by Ksh268.07 million ($1.67 million) in the last 27 days, from Ksh4.95 billion ($31.15 million) on Jan. 16 to Ksh5.22 billion ($32.84 million).
The recent increase in the market value of his stake in Jubilee Holdings further solidifies his position as the richest investor on the Nairobi Stock Exchange.
