Botswana property tycoon Gulaam Abdoola's Turnstar Holdings stake is worth $10.2 million
Gulaam Abdoola ran Botswana's Turnstar for 25 years and built its biggest malls. His family group's stake in the property firm is worth $10.2 million.
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Gulaam Abdoola ran Botswana's Turnstar for 25 years and built its biggest malls. His family group's stake in the property firm is worth $10.2 million.
Gulaam Abdoola built Turnstar Holdings from nothing into a $115 million property group spanning Botswana, Tanzania and Dubai, making him one of southern Africa's most quietly formidable real estate tycoons.
Gulaam Abdoola's Turnstar Holdings has warned of a 22 percent drop in pretax profit to P146.6 million as weaker Botswana property valuations hit the portfolio.
Botswana is home to a small but powerful group of multimillionaires whose influence extends far beyond their personal fortunes.
Turnstar anticipates a significant year-on-year increase in pre-tax profit for the fiscal year ended Jan. 31, 2024, under Abdoola’s leadership.
Turnstar Holdings, headquartered in Gaborone, the capital city of Botswana, is a property loan stock group led by Abdoola.
Abdoola, the managing director and a founding member of Turnstar Holdings, holds the largest individual stake in the company.
Turnstar Holdings continues to deliver innovative and high-quality real estate solutions.
Abdoola is the company’s largest individual shareholder.
Despite the million-dollar decline, the businessman still ranks as one of the wealthiest investors on the Botswana Stock Exchange.
Abdoola is the company’s largest individual owner, with a 14-percent stake.
Turnstar Holdings is a property loan stock group headquartered in Gaborone, the capital city of Botswana.
Turnstar is a property loan stock company headquartered in Gaborone, the capital city of Botswana.
The massive drop can be linked to the decline of the company’s share price on the Botswana Stock Exchange.
Turnstar is a property loan stock company listed on the Botswana Stock Exchange since 2002.