← Back to List
Abdulsamad Rabiu
Rank #332

Abdulsamad Rabiu

$6756.7B

Lagos, , Nigeria

Diversified

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 98.5% of it.

Rabiu, the son of a businessman, inherited land from his father.

He set up his own business in 1988 importing iron, steel and chemicals.

Financial Assets

BUA Cement PLC

NIGERIA: BUACEMENT-NG

Shares: 25,872,000,000

BUA Foods Plc

NIGERIA: BUAFOODS-NG

Shares: 13,958,000,000