Aga Khan IV's stake in Nairobi-based insurer Jubilee sees $1.7-million rebound
His investment has grown by $1.7 million over the past 10 days, cementing his position as a key player in Kenya’s investment landscape.
His investment has grown by $1.7 million over the past 10 days, cementing his position as a key player in Kenya’s investment landscape.
The recent decline has reversed much of his previous gains, reducing his holdings to Ksh4.49 billion ($34.86 million).
This follows an earlier loss of $3.52 million between April 16 and 26 when his holdings dropped from $40.78 million to $37.27 million.
The follows a notable surge of Ksh481.15 million ($3.63 million) recorded between March 19 and 29.
The recent uptrend in Jubilee shares has boosted the market value of Aga Khan’s stake in the insurer by Ksh481.15 million ($3.63 million) over the past 10 days.
Through the Aga Khan Fund for Economic Development, Aga Khan IV owns 37.98 percent of Jubilee Holdings and 11.85 percent of its Mauritian subsidiary.
Shah Karim al-Husayni, also known as Aga Khan IV, is best known for founding Nation Media Group, East Africa’s largest independent media organization.
This remarkable increase in the market value of his share further solidifies Aga Khan IV’s position as the richest investor on the Nairobi Securities Exchange.
Shah Karim al-Husayni, also known as Aga Khan IV, is best known for founding Nation Media Group, East Africa’s largest independent media organization.
Aside from his interest in Jubilee Holdings, Aga Khan IV, also known as Mawlana Hazar Imam, owns a 48.67-percent stake in Nation Media Group.
Aga Khan IV, Shah Karim al-Husayni, owns 37.98 percent of Jubilee Holdings and 11.85 percent of its Mauritian subsidiary.
Jubilee Holdings is a Kenyan investment holding company.
SEACOM is privately funded and about 75-percent African-owned.
Aga Khan IV remains the Nairobi Exchange’s richest investor, with a total portfolio worth of more than $105 million.