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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-NGShares: 25,872,000,000
BUA Foods Plc
NIGERIA: BUAFOODS-NGShares: 13,958,000,000