Rabiu is also anticipating another handsome dividend of $198 million from his shareholding in BUA Cement.
BUA Foods
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Abdul Samad Rabiu loses Africa’s fourth-richest spot as net worth drops $545 million in 24 hours
Rabiu maintains his rank as Nigeria’s second-richest person, outpacing telecom billionaire Mike Adenuga.
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Earlier this year, Isyaku and his father earned a dividend of $151.6 million from their stake in the business.
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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.
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Rabiu and his son own 99.8 percent of the newly established food business segment.
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Nigerian billionaire Abdul Samad Rabiu’s BUA Foods posts $167.8 million in profit in 2021
The increase in the group’s profit can be attributed to a significant increase in the sales of its products.
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Rabiu, the chairman of BUA Group, owns 99.81 percent of the agro-allied company.
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Greek businessman John Coumantaros’ Flour Mills plans to invest $168.3 million on sugar estate
Coumantaros controls a majority 63.34-percent share in the company valued at $209.1 million.
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BUA Foods is a consolidated food business controlled by Rabiu, who owns 99.8 percent of the business.
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