U.S.-Nigerian telecom mogul Sam Darwish has cemented his position as a leading figure in Africa’s telecom industry, amassing $14 million in gains from his stake in IHS Holding over the past 18 days.
According to data tracked by Billionaires.Africa, Darwish’s stake in IHS Holding has seen a remarkable surge of $14.1 million over the past 2.5 weeks. This surge is attributed to the recent rise in the share price of the prominent telecommunications infrastructure company on the New York Stock Exchange.
IHS Holdings climbs to $1.17-billion market cap
Founded in 2001 by Darwish, IHS Holdings has solidified its position as the largest telecom infrastructure group in Africa, Europe, Latin America, and the Middle East. Based on tower count, it also ranks globally as the third-largest independent multinational tower company.
The share price of IHS Holdings on the NYSE has increased by 40.08 percent over the past 18 days, rising from $2.52 on March 12 to $3.53 at the time of drafting this report, thus pushing the company’s market capitalization to $1.17 billion.
IHS Holdings: Darwish’s stake gains $14 million amid share price rise
Sam Darwish, chairman and CEO of IHS Holding, a major figure in African telecom, holds a significant 4.17 percent ownership stake, representing 13,958,158 ordinary shares.
A recent upswing in IHS Holding’s share price since March 12 has bolstered Darwish’s stake by $14.1 million. The value has climbed from $35.17 million on March 12 to $49.27 million at the time of drafting this report.
This increase solidifies Darwish’s position as a major investor within IHS Holding. Moreover, his leadership in expanding the company’s tower portfolio reinforces his role as a key player in the global telecom infrastructure landscape.
