Botswana tycoon Farouk Ismail’s Choppies to pay first dividends since 2017
The founders, Ramachandran Ottapathu and Farouk Ismail, are poised to benefit from the dividend payout.
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The founders, Ramachandran Ottapathu and Farouk Ismail, are poised to benefit from the dividend payout.
Despite the plunge, Ismail continues to stand out as a top figure on the Botswana Stock Exchange.
As a leader and advocate for responsible tourism, Gibson’s legacy extends beyond financial success, encompassing wildlife conservation and community empowerment.
Meet the 15 individuals who own the highest stock ownership positions on the Botswana Stock Exchange.
Turnstar Holdings, headquartered in Gaborone, the capital city of Botswana, is a property loan stock group led by Abdoola.
Gibson, who ranks as one of the richest investors on the Botswana Stock Exchange, holds 31,830,406 ordinary shares in Chobe Holdings.
As the co-founder of Choppies, Ottapathu owns a controlling 24.48-percent stake in the supermarket chain, totaling 316,353,058 ordinary shares.
The market value of Ismail’s shares in Choppies has taken a sharp hit, plummeting by BWP41.13 million ($2.99 million) since Aug. 16.
Jonathan Gibson, the deputy chairman of Chobe Holdings, owns 31,830,406 ordinary shares in the Gaborone-based tourism group.
Choppies has grown from a single store operating under the name “Wayside Supermarket” in Botswana in 1986 into a leading retailer with more than 260 stores in eight countries.
Ismail, a renowned Botswana businessman, has reshaped the nation’s economy and the broader African business arena.
Ismail owns 14.99 percent of Choppies Enterprises, or 271,691,921 shares.
Through his leadership roles at The Far Property Co. and Choppies Enterprises, Ottapathu has masterminded a remarkable transformation.
Ottapathu owns a controlling 24.48-percent stake in Choppies, totaling 316,353,058 ordinary shares.
Gibson, the deputy chairman and CEO of Chobe Holdings, ranks as one of the richest investors on Botswana Stock Exchange.
Choppies operates as a key player in the food and general merchandise retail sectors under the leadership of Ottapathu.