Nairobi-based firm linked to Kenya’s Merali family sets sights on $6.3 million from land sale
The Merali family, custodians of the late tycoon Naushad Merali’s estate, is the majority shareholder of Sameer Africa.
Naushad Merali
Kenya’s Merali family sells 35-percent stake in Nairobi-based batteries distributor
While the aggregate consideration remains undisclosed, the Naushad Merali family received a premium above the market price.
Kenya’s Merali family rakes in $5.4 million from stake in Sasini Tea
The recent gain solidifies the Merali family’s position as one of the wealthiest families in East Africa.
Family of late Kenyan tycoon Naushad Merali rakes in $2.33 million in single day from Sasini Tea stake
The Merali family is the majority shareholder of Sasini.
Sasini, controlled by family of late Kenyan tycoon, aims for growth after reaching $10-million profit milestone
The late Kenyan tycoon Naushad Merali’s family owns a 65.46-percent stake in Sasini Tea.
Sasini, controlled by family of late Kenyan tycoon, invests $6 million in fixed-income securities
The family of late Naushad Merali is the majority shareholder of Sasini Tea.
No dividend for Kenyan Merali family as Sasini posts highest profit in seven years
The family of Naushad Merali is the majority shareholder of Sasini.
Led by Kenya’s richest families, NCBA Group plans to spin out M-Shwari, other fintech businesses as separate unit
NCBA Group is partly owned by the super-rich Kenyatta, Merali, and Ndegwa families.
Led by Kenya’s richest families, NCBA Group plans to launch seven new branches before year’s end
This year alone, the group has launched four branches in Kenya.
Kenyatta, Merali and Ndegwa families will receive nearly $8.9 million in dividends from NCBA Group
The family of the late Jomo Kenyatta, Kenya’s prime minister from 1963 to 1964, will receive a dividend of $4.27 million from their stake.
Widow of late Kenyan tycoon Naushad Merali gains $1.9 million in 27 days
The gains in her stake can be attributed to buying pressure on the Nairobi Stock Exchange.
Kenyan tycoon Naushad Merali passes away at age of 70
Merali died at 5:00 AM this morning while undergoing treatment for an undisclosed ailment at the Nairobi Hospital.