Kenya's wealthy Merali family acquires stake in pharmaceutical glass plant
The family of the late Naushad Merali is taking half of a pharmaceutical glass plant at Mombasa's Dongo Kundu economic zone.
Naushad Merali
Merali family's Sasini terminates $61 million Kenyan coffee estate sale after buyer defaults
Sasini Plc, majority owned by Kenya's Merali family, has cancelled the planned Sh7.9 billion sale of its Gulmarg coffee estate after the buyer failed to meet contractual obligations.
Merali family's Sameer Africa posts highest profit in 11 years
This marks a 460% jump from last year, driven by forex gains and lower finance costs after clearing all debts.
Sasini, backed by Kenya’s Merali family, reports $4.3 million loss for 2024
Sasini has reported a full-year loss of $4.3 million for 2024, despite seeing a 20.55% increase in revenue and a 54.52% growth in assets.
Kenya’s Merali family sees $2.2-million loss as Sasini Tea shares decline on NSE
This latest decline has further impacted the Merali family’s stake, reducing its value to Ksh2.54 billion ($19.63 million) as of Nov. 22.
Sasini, controlled by Kenya’s wealthy Merali family posts $22 million in revenue in H1 2024
The Merali family holds a majority stake of 65.46 percent in Sasini Plc, valued at approximately $25 million.
Kenya’s wealthy Merali family loses $1.2 million from Sasini Tea stake
Despite this setback, the Merali family remains one of the wealthiest investors on the NSE and a prominent figure among Kenya’s richest families.
Controlled by Kenya’s richest families, NCBA posts $162.7-million profit in 2023
NCBA’s board of directors recently recommended a final dividend of Ksh3 per share, bringing the full-year payout to Ksh4.75 (0.04) per share.
Kenya’s wealthy Merali family gains $1.87 million from Sasini Tea stake in 15 days
The multimillionaire Merali family holds a controlling stake of 65.46 percent in Sasini Tea, representing 168,856,800 ordinary shares in the group, presently valued at $25.78 million.
Kenya’s wealthy Merali family gains $1.5 million from Sasini Tea stake in just four days
This surge solidifies the Merali family’s position as prominent investors on the Nairobi Securities Exchange, with their extensive investments establishing them among the wealthiest families in Kenya.
Kenya’s Merali family suffers almost $4-million loss from Sasini Tea stake
Boasting a majority 65.46-percent stake in the company, the Merali family has long been regarded as one of the wealthiest families in Kenya.
Kenya’s wealthy Merali family suffers $3.2-million loss from Sasini Tea stake
The Merali family has seen the market value of their shares in Sasini drop by Ksh462.95 million ($3.15 million) in the past 21 days.
Firm owned by Kenya’s Merali family to settle debts with $6.3-million land sale proceeds
The Merali family, overseeing the estate of the late tycoon Naushad Merali, commands a 74-percent stake in Sameer Africa.
Kenya’s Merali family suffers $4.8 million loss in 18 days
Despite the recent downturn in Sasini’s share price, the Kenyan Merali family remains one of the wealthiest families in the country.
5 companies owned by Kenya’s Merali family
Billionaires.Africa has identified and monitored five prominent companies held by the Kenyan Merali family.
Kenya’s Merali family faces $6 million blow in 2023 from Sasini Tea stake
With a 65.46-percent stake, Kenya’s Merali family holds the largest share in Sasini Tea.