Dangote Cement to issue new bond series under $180.5 million program
The move aims to bolster the company’s financial strength and improve operational efficiency.
The move aims to bolster the company’s financial strength and improve operational efficiency.
Dangote Cement supports regional construction, exports 22 shipments of clinker to Ghana and Cameroon in first nine months of 2024.
Group revenue from cement, clinker, and other products surged 100 percent year-over-year, reaching N817.35 billion ($659.3 million).
The dividend, which will be paid electronically into his bank account by Mon., April 29, 2024, is a testament to Dangote Cement’s impressive fiscal results.
Dangote Cement records impressive 19-percent surge in profit, delivers strong financial performance amid challenging economic environment.
Overcoming naira woes and macroeconomic uncertainties, Dangote’s net worth climbs to $22 billion — a $6.9 billion surge in 2024.
The surge in Dangote Cement shares coincides with Nigerian billionaire Femi Otedola’s strategic investment in the leading cement company.
Otedola recently acquired a significant stake in Dangote Cement, Africa’s largest cement manufacturer.
Dangote’s net worth has risen from $15.8 billion on Dec. 1 to $16.2 billion — the recent uptick has narrowed his year-to-date wealth losses to $2.49 billion.
Dangote’s $800-million wealth surge and net worth recovery stand out as the Nigerian naira gains momentum, reclaiming ground on the official market.
Aliko Dangote’s stake in Nascon Allied Plc, worth $118 million, significantly contributes to his estimated net worth of $15.9 billion.
As of Sept. 1, Dangote’s net worth stood at $17.8 billion, but it has now plummeted to $16.7 billion.
Dangote’s expansive investment portfolio positions him ahead of his African peers, including South African billionaire Johann Rupert.