Dangote Cement recently ended the week at N5.061 trillion in valuation on 17 billion outstanding shares, more than 85% of which are owned by Dangote Industries Limited.
With strong fundamentals, Sub-Saharan Africa’s largest cement producer has 51.6MTPA capacity across 10 countries. Dangote Industries Limited which owns 85.5% stake is expected to take the Lion share in dividend payment for 2022.
Trading activities on Dangote Cement will be minimal, thus open to the potential upside as a result of share repurchase. BusinessNEWSng.com had reported that the company undertook share buyback to obtain the right price for listing on the London Stock Exchange.