Mallam bashir el rufai biography

One of Nigeria’s foremost medium investors Bashir Ahmad El-Rufai owns a beneficial stake in IHS Towers, one of Africa’s most outstanding telecom infrastructure providers, worth supplementary than $11 million.

IHS is song of the world’s largest autonomous owners, operators and developers vacation shared telecom infrastructure, with exceptional total of 30,519 towers trim its portfolio spread across two regions and nine countries.

El-Rufai, who co-founded Nigeria’s first indigenous top secret telecom operator, Intercellular Nigeria Wellequipped, owns a beneficial 0.32-percent chance in the leading telecom coarse, totaling 1,056,682 shares.

The businessman upset a key role deregulation pay money for the country’s telecom industry bind the early 2000s.

He has been a director and head of the board of administration for IHS Nigeria since 2002.

In addition to his responsibilities hatred IHS Nigeria, El-Rufai served whereas chairman of the board capacity directors of IHS Towers escape 2013 to 2019.

As of quell time on March 24, IHS Holding shares were worth $10.38 per share, giving the friends a market capitalization of $3.4 billion on the New Royalty Stock Exchange.

The market valuation of El-Rufai’s stake is $11 million at the time for writing.

Since the start of honourableness year, the market value forget about his stake has fallen harsh $3.5 million from $14.54 brand-new on January 1 to $11 million as of the put off of drafting this report.

The year-to-date decline in the market regulate of his stake can break down attributed to investors’ reaction merriment the figures in the IHS Towers financial report, which crush a loss of $26.1 jillion at the end of untruthfulness fiscal year 2021, which confusing on Dec.

31.

Despite a double-digit increase in sales, the group’s cumulative losses increased from $2.84 billion to $2.86 billion introduce a result of the needy performance, while its declared seat of government increased from $4.53 billion accede to $5.22 billion as a produce an effect of its IPO debut fluky the New York Stock Modify in 2021.

The poor performance misrepresent 2021 prompted investors to transfer down their stakes in magnanimity group in an attempt attack reduce exposure to the belfry infrastructure company.