The founders, Ramachandran Ottapathu and Farouk Ismail, are poised to benefit from the dividend payout.
Botswana
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Despite the plunge, Ismail continues to stand out as a top figure on the Botswana Stock Exchange.
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As a leader and advocate for responsible tourism, Gibson’s legacy extends beyond financial success, encompassing wildlife conservation and community empowerment.
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Meet the 15 individuals who own the highest stock ownership positions on the Botswana Stock Exchange.
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Botswana tycoon Gulaam Abdoola’s Turnstar Holdings reports more than $11 million in half-year revenue
Turnstar Holdings, headquartered in Gaborone, the capital city of Botswana, is a property loan stock group led by Abdoola.
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Gibson, who ranks as one of the richest investors on the Botswana Stock Exchange, holds 31,830,406 ordinary shares in Chobe Holdings.
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As the co-founder of Choppies, Ottapathu owns a controlling 24.48-percent stake in the supermarket chain, totaling 316,353,058 ordinary shares.
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The market value of Ismail’s shares in Choppies has taken a sharp hit, plummeting by BWP41.13 million ($2.99 million) since Aug. 16.
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Jonathan Gibson, the deputy chairman of Chobe Holdings, owns 31,830,406 ordinary shares in the Gaborone-based tourism group.
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Choppies has grown from a single store operating under the name “Wayside Supermarket” in Botswana in 1986 into a leading retailer with …