BUA Foods to Pay Abdulsamad Rabiu N216 Billion Dividend, Record Payout

BUA Foods is set to pay Nigerian billionaire Abdulsamad Rabiu a record dividend of N216 billion following the approval at the fourth Annual General Meeting held in Abuja. Shareholders approved a dividend payout of N13 per ordinary share for the financial year ending December 31, 2024.

Rabiu, who holds a significant stake in the company, will be the largest beneficiary of this distribution. The resolution passed at the AGM also included the ratification of directors and auditor remuneration.

BUA Foods, along with sister company BUA Cement, remains a key player in Rabiu's business empire. The billionaire's influence extends to both the consumer and industrial sectors in Nigeria.