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The 29-year-old’s significant earnings stem from a lucrative NBA contract. He secured his future with the Philadelphia 76ers with a five-year, $178 million deal (including incentives)
Marques, in a letter to President João Lourenço, criticized the award to the Opaia Europa and IDC consortium, both owned by Kapaia.
“I’m advising shareholders, as you get your dividends, reinvest a significant part of it,” Tony Elumelu said.
Glencore’s legal troubles are wide-ranging. In May 2022, the company settled investigations in the U.S., U.K., and Brazil for $1.5 billion, with $1.06 billion going to U.S. and Brazilian authorities.
This hefty sum comes after his move to Saudi Pro League club Al Nassr, joining Cristiano Ronaldo in the lucrative league.
The board recommended a final dividend of BWP71.88 million ($5.29 million), translating to BWP0.8 ($0.059) per share, according to a recent update.
The decision follows a recommendation from the board of directors in a recently published financial update on the Casablanca bourse.
Year-to-date, Sawiris’ wealth has increased by $667 million, driven by the performance of his stakes in Dutch fertilizer giant OCI N.V. and German sportswear giant Adidas.
Despite the recent decline, Akhannouch remains a prominent investor on the Casablanca bourse and one of the nation’s wealthiest business figures.
During the AGM, the board presented UBA Group’s outstanding financial performance for 2023, which saw the bank become Nigeria’s second-largest lender by assets.
Investor confidence remains shaky due to ongoing legal and regulatory issues.
This comes after a surge in the market value of his stake in Wema Bank between May 1 and 7, when it increased by N6.01 billion ($4.35 million)
The recent rise in Italtile’s share price strengthens Giovanni Ravazzotti’s position as a major investor on the JSE.
Beyond his on-field achievements, Salah has parlayed his influence into lucrative endorsement deals with industry giants like Adidas.
Under Fani Titi’s leadership since March 2020, Investec has demonstrated resilience and growth despite challenging market conditions.
One of Nigeria’s most valuable banking groups, FBN Holdings has solidified its position in the financial services industry.