Summary
· These ten individuals as of Friday last week had a collective Sh208.2 billion investment at the bourse, equivalent to 1.37 percent of the Sh15.12 trillion total market capitalization.
Dar es Salaam. Ten individuals have wealth valued at over Sh208 billion in
companies listed on the Dar es Salaam Stock Exchange (DSE), company reports
indicate.
A campaign is ongoing to attract
more retail investors in the local equities market worth Sh15.12 trillion.
The analysis is based on the
public-issued annual reports from the listed companies at the DSE, between 2021
and 2022.
The value of their investment was
also calculated based on the total market capitalization of the particular
company as indicated on the market report at the end of the trading session on
Friday last week July 21, 2023.
These ten individuals as of Friday
last week had a collective Sh208.2 billion investment at the bourse, equivalent
to 1.37 percent of the Sh15.12 trillion total market capitalization.
Patrick Schegg (Sh55.94 billion)
According to several online
publications, Mr Schegg is an experienced fund manager and one of the major
financial markets businessmen.
NMB Bank Plc's annual report for the
year 2022 revealed that Mr Schegg has a 1.8 percent stake at the company
equivalent to 9,000,390 shares.
With the NMB’s total market
capitalization of Sh1.73 trillion by Friday last week, the value of Mr Schegg's
investment in NMB is approximately Sh31.14 billion.
The investor also owns 50,754,057
shares, or 2 percent of CRDB Bank Plc.
The lender equities capital at the
bourse is currently at Sh1.24 trillion, making his investments valued at nearly
Sh24.8 billion.
Aunali Rajabali (Sh53.8 billion)
He is a chairman and shareholder of
Megapipes Solutions Ltd in Kenya and Chairman and shareholder of Plasco Ltd in
Tanzania, companies that deal with water sanitation and storage solutions.
He owns 3.11 percent of the NMB Bank
Plc or 15,533,731 shares.
Based on the current equity capital,
his investments is valued at an estimated Sh53.8 billion.
Sajjad Rajabali (Sh53.8 billion)
He is a Shareholder and
non-executive director of Megapipes Solutions Ltd in Kenya and a Shareholder
and Director of Plasco Ltd in Tanzania.
He owns 3.11 percent of NMB Bank Plc
or 15,534,030 shares also estimated investment of nearly Sh53.8 billion.
Hans Macha (Sh16.12 billion)
He is a local businessman who
according to the CRDB Bank Plc’s 2022 annual report owns 32,764,200 shares or
1.3 percent.
At the current equities capital
level, the value of Macha's investment in CRDB is approximately Sh16.12
billion.
Sayeed Kadri and family (Sh8.36
billion)
He and other four members of the
Kadri family (/Basharat Kadro/Mehboob Kadri/ Khalid/Muzammil Kadri) own 0.59 of
Tanzania Portland Cement Company Limited alias ‘Twiga Cement’, according to its
2021 annual report.
The company has total equity capital
of Sh741.28 billion, thus the value of their investment in Twiga Cement is
approximately Sh4.37 billion.
Swissport Tanzania’s 2021 annual
report also showed that Mr Sayeed Kadri and or Basharati Kadri own one percent
of the firm.
Considering the market
capitalization of Sh59.04 billion, Kadri's investment in Swissport is
approximately Sh590.4 million.
He and his family also own 0.2
percent of the Tanzania Cigarette Company (TCC) per the 2022 annual report,
with a market capitalization of Sh1.7 trillion, Kadris’ investment in TCC is
approximately Sh3.4 billion.
Murtaza Nasser (Sh6.67 billion)
Mr Nasser owns 0.9 percent of the
Tanzania Portland Cement Company Limited alias ‘Twiga Cement’, according to its
2021 annual report.
The company has total equity capital
of Sh741.28 billion
Therefore, the value of Mr. Murtaza
Nasser's investment in Twiga Cement is approximately Sh6.671 billion.
Ernest Massawe (Sh5.65 billion)
He owns 15.86 percent of the
manufacturer and distributor of industrial and medical gases in Tanzania, TOL
Gases Limited (TOL) by the end of 2022, according to the company report. With
the firm’s market capitalization of Sh35.65 billion, His investments in TOL
Gases are approximately Sh5.65 billion.
Said Bakhresa (Sh3.78 billion)
The local tycoon owns 0.51 percent
of Twiga cement according to its 2021 annual report.
Given that the market capitalization
of Twiga Cement is Sh741.28 billion, Bakhresa's investment in Twiga Cement is
approximately Sh3.78 billion.
Arnold Kilewo (Sh2.53 billion)
According to the TOL Gases’ annual
report of 2022, he owns 3, 264, 144 shares equivalent to 5.68 percent.
That is approximately Sh2.122
billion.
He is also on the board of directors
at Tanzania Breweries Limited with 37,641 ordinary shares as of 2022 according
to the company's annual report. With a market price of Sh10,900 per share, his
investment in TBL is approximately Sh409.64 million.
Harold Temu (Sh1.55 billion)
He owns 2,507,740 shares at TOL
equivalent to 4.36 percent according to the 2022 annual report.
With a market capitalization of
Sh35.65 billion, the value of Mr Temu's investment in TOL is approximately
Sh1.55 billion
Returns
Stocks are a type of security that
gives stockholders a share of ownership in a company, and the shareholders
benefit from investing in a company through dividends and capital gains.
The Dividend is a proportion of a
company’s profits paid/ given to shareholders (owners of a company) depending
on the number of shares each holder owns.
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