Tanzanian billionaires Aunali and Sajjad Rajabali lose $2.8 million as CRDB bank shares plummet
Despite this setback, the Tanzanian billionaire brothers remain among the wealthiest investors on the Dar es Salaam Stock Exchange.
Despite this setback, the Tanzanian billionaire brothers remain among the wealthiest investors on the Dar es Salaam Stock Exchange.
CRDB Bank linked to Tanzanian billionaire brothers has expanded into the insurance market with a new subsidiary.
CRDB Bank is owned in part by Aunali and Sajjad Rajabali.
The Rajabali brothers own a 2.6-percent stake in CRDB Bank Plc.
Aunali and Sajjad Rajabali own a combined 2.6 percent stake in the Dar es Salaam-based CRDB Bank.
CRDB Bank is the largest commercial bank in Tanzania.
The multimillionaire brothers, Aunali and Sajjad Rajabali, own a 2.6-percent stake in the Dar es Salaam-based lender.
CRDB Bank is the largest wholly-owned private financial services group in Tanzania.
The brothers are the largest individual shareholders in the bank with an ownership stake of 2.6 percent.
Its market value has climbed 35 percent in under two months.