Abdul Samad Rabiu’s BUA Foods acquires shipping vessels to drive West African sugar exports
The new vessel will depart and berth at BUA’s port and terminal.
The new vessel will depart and berth at BUA’s port and terminal.
Rabiu and his son own 99.8 percent of the newly established food business segment.
The increase in the group’s profit can be attributed to a significant increase in the sales of its products.
Rabiu, the chairman of BUA Group, owns 99.81 percent of the agro-allied company.
Coumantaros controls a majority 63.34-percent share in the company valued at $209.1 million.
BUA Foods is a consolidated food business controlled by Rabiu, who owns 99.8 percent of the business.