Aga Khan IV-backed Jubilee to receive $2.27 million from sale of Mauritian insurance subsidiary
Jubilee Holdings is a Kenyan investment holding company.
Jubilee Holdings is a Kenyan investment holding company.
Aga Khan IV indirectly owns 44.7 percent of the company.
On the Nairobi bourse, the top three wealthiest investors are Aga Khan IV, James Mwangi and the Merali family.
SEACOM is privately funded and about 75-percent African-owned.
Aga Khan IV remains the Nairobi Exchange’s richest investor, with a total portfolio worth of more than $105 million.
Aga Khan IV holds a 44.7-percent stake in the group through The Aga Khan Fund for Economic Development.
The triple-digit surge in profits came off a 14-percent increase in revenue.