Africa's third-richest man, Abdul Samad Rabiu, has secured a massive dividend payday from BUA Cement, pocketing N189.74 billion, which translates to roughly $137.8 million based on recent official exchange rates.
This historic individual payout follows the explicit approval of the manufacturing company's financial rewards by its investors during the recent Annual General Meeting (AGM) held in Abuja.
At the meeting, shareholders officially approved the board of directors' proposal to pay a gross dividend of N10.00 per ordinary share for the 2025 financial year.
This final payout represents a massive 387.8 percent increase compared to the N2.05 per share distributed to investors in the previous fiscal period.
Ownership Structure and Record Distribution
