Dangote Cement Chooses London for International Listing

Mariya Dangote, a board member of Dangote Cement Plc, stated that the Dangote Group chose the London Stock Exchange for the planned international listing of Dangote Cement over Dubai due to the UK market's faster execution, deeper liquidity, and more attractive regulatory environment for global investors. The secondary listing is anticipated before the end of 2026 and will complement the company's primary listing on the Nigerian Exchange (NGX).

This move aims to allow global institutional investors in Europe and North America to trade Dangote Cement shares directly in major international currencies, avoiding local market constraints. The company plans to offer about 10 percent of its equity to foreign institutional investors as part of this exercise.

Mariya Dangote noted that previous considerations for a secondary listing in Dubai were abandoned due to regulatory compliance challenges that would delay the process. Dangote Cement, Africa's largest cement producer, aims to increase its production capacity from 55 million metric tonnes to over 80 million tonnes by 2030.