
Aga Khan IV-backed Jubilee completes sale of majority stake in Mauritian insurance subsidiary to Allianz
Aga Khan IV, Shah Karim al-Husayni, owns 37.98 percent of Jubilee Holdings and 11.85 percent of its Mauritian subsidiary.
Aga Khan IV, Shah Karim al-Husayni, owns 37.98 percent of Jubilee Holdings and 11.85 percent of its Mauritian subsidiary.
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.