#207
Abdulsamad Rabiu
Nigeria 65 years old
Overview
- Source of Wealth
- Cement, sugar
- Industry
- Diversified
- Residence
- Lagos
- Marital Status
- Married
Assets
- BUA Cement PLC22,165,775,000 shares @ --BUACEMENT-NG
- BUA Foods Plc11,489,408,000 shares @ --BUAFOODS-NG
Biography
Abdulsamad Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate.
In early January 2020, Rabiu merged his privately-owned Obu Cement company with listed firm Cement Co. of Northern Nigeria, which he controlled.
The combined firm, called BUA Cement Plc, trades on the Nigerian stock exchange; Rabiu owns 98.2% of it. He also owns 95% of publicly traded food conglomerate BUA Foods.
Rabiu, the son of a businessman, inherited land from his father.
He set up his own business in 1988 importing iron, steel and chemicals.
About
His foundation, the Abdul Samad Rabiu Initiative, supports education, health and social development projects across Africa.