U.S.-Nigerian mogul Sam Darwish suffers $6-million loss from IHS stake
Despite this decline, Darwish remains a prominent figure in the telecom industry.
Despite this decline, Darwish remains a prominent figure in the telecom industry.
Founded in 2001 by Darwish, IHS has solidified its position as the largest telecom infrastructure group in Africa, Europe, Latin America, and the Middle East.
This recent paper loss comes on the heels of the impressive $70-million gain he recorded between Oct. 27 and Nov. 14
Darwish holds a substantial 4.17-percent stake in IHS Holdings, or 13,958,158 shares.
Despite the sustained decline in the market value of his stake, Darwish remains one of the top players in the global telecom industry.
Darwish holds a substantial 4.17-percent stake in IHS Holdings, amounting to 13,958,158 shares in the group.