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BUA Cement’s robust financial performance underscores its ability to weather challenges and solidifies its position as a key player in the Nigerian cement industry.
Based on the current share price, the total market value of Rabiu’s 96.13-percent stake in BUA Cement now stands at N3.22 billion ($4.06 billion).
Boasting a net worth of $5.6 billion, Rabiu now ranks as the fifth-richest man in Africa.
Rabiu’s net worth skyrockets by $1.6 billion, securing his position among Africa’s wealthiest people.
Rabiu: Africa’s third-richest billionaire’s businesses thrive, generating $146.2 million profit in Q1 2023.
Rabiu derives the majority of his fortune from his 96-percent stake in BUA Cement.
Rabiu is also anticipating another handsome dividend of $198 million from his shareholding in BUA Cement.
Rabiu is also set to receive a dividend of $198 million.
Rabiu holds a 96.3-percent ownership stake in BUA Cement.
BUA Cement Plc is one of Nigeria’s leading cement companies.
Rabiu maintains his rank as Nigeria’s second-richest person, outpacing telecom billionaire Mike Adenuga.
The surge solidifies his position as Nigeria’s second-richest man.
Rabiu derives the majority of his fortune from his 92-percent stake in BUA Cement.
Rabiu and his son own 99.8 percent of BUA Foods.
Rabiu derives the majority of his fortune from his 92-percent stake in BUA Cement.
Rabiu’s net worth has recently risen above $5.6 billion.