U.S.-Nigerian telecom tycoon Sam Darwish loses $7.42 million as IHS shares fall
This follows a brief uptick between Aug. 6 and 10, when his stake gained $4.61 million amid a fleeting share price recovery.
This follows a brief uptick between Aug. 6 and 10, when his stake gained $4.61 million amid a fleeting share price recovery.
This comes after a substantial gain of $7.4 million recorded between April 17 and May 1, when the market value of his stake skyrocketed from $43.41 million to $50.81 million.
The double-digit rise in the shares of IHS Holdings has added $7.4 million to the market value of Darwish’s stake in the last 13 days.
Under the groundbreaking move, Airtel Nigeria has committed to securing 3,950 tenancies over the next five years.
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.