Aga Khan IV Earns $1.7 Million from His Investment in a Nairobi-based Insurance Firm

Shah Karim al-Husayni, popularly known as Aga Khan IV, has seen his stake in Kenyan company Jubilee Holdings increase in value. This gain is attributable to the recent rise in the company’s shares, which are based in Nairobi and operate in the insurance and investment sectors.

The market value of Aga Khan IV’s interest in Jubilee Holdings has risen by Ksh268.07 million ($1.69 million) in the last 27 days, as investors on the Nairobi Stock Exchange continue to increase their holdings in the company.

Jubilee Holdings is a Kenyan investment holding firm and premier insurer that covers non-life risks such as death, disability, health, property, and liability. It has active operations and investments in Kenya, Uganda, Tanzania, Burundi, and Mauritius.

Jubilee Holdings’ share price has risen by 5.42 percent in the last 27 days, from Ksh180.00 ($1.133) on January 16 to Ksh189.75 ($1.194) at the time of writing, bringing the group’s market value above $85 million.

Shah Karim al-Husayni, or Aga Khan IV, is well known for founding Nation Media Group, East Africa’s largest independent media organization.

Aga Khan IV controls 37.98 percent of Jubilee Holdings (27,494,108 ordinary shares) through the Aga Khan Fund for Economic Development, as well as 11.85 percent of its Mauritian subsidiary.

With the recent surge in Jubilee shares, the market value of Khalil’s holding in the insurance group has increased by Ksh268.07 million ($1.67 million) in the last 27 days, from Ksh4.95 billion ($31.15 million) on Jan. 16 to Ksh5.22 billion.

The recent increase in the market value of his investment in Jubilee Holdings strengthens his position as the Nairobi Stock Exchange’s richest investor.

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