Mauritius-based CIEL records $109.3-million profit in 2024
This was fueled by disciplined cost management across the group’s business clusters, solidifying its standing as one of the largest and most profitable conglomerates in Mauritius.
This was fueled by disciplined cost management across the group’s business clusters, solidifying its standing as one of the largest and most profitable conglomerates in Mauritius.
Despite this recent setback, Dalais remains one of the most affluent CEOs in Mauritius and East Africa.
Dalais, the chairman of the Mauritius-based company, owns an eight-percent stake in CIEL.
CIEL is a Mauritian conglomerate operating in emerging markets across Africa and Asia.
The rise in the market value of his shares occurred on the back of sustained bullish sentiment in the company.
The gains in his stake were triggered by a recent surge in the company’s shares.