Sam Darwish, a US-Nigerian telecom entrepreneur, has seen a large increase in the market value of his stock in IHS Holding in recent times, owing to the telecom infrastructure company’s share price boom on the New York Stock Exchange (NYSE).
The market value of Darwish’s IHS Holding holding has risen by $7.4 million in the last 13 days, as investors raise their stakes in the major conglomerate.
The spike follows a financial setback of $6 million from April 3-16, when the market value of his investment in IHS Holdings decreased from $51.23 million to $45.22 million.
Darwish founded IHS Holdings in 2001, and it has since become the largest telecom infrastructure business in Africa, Europe, Latin America, and the Middle East. It is renowned for its huge tower count and is the world’s third-largest independent international tower firm.
In the past 13 days, IHS Holdings’ shares on the NYSE have increased by 17.04 percent, from $3.11 on April 17 to $3.64 at the time of this publication, bringing the company’s market capitalization above $1.2 billion.
Sam Darwish, chairman and CEO of IHS Holdings, plays an important role in African telecommunications. With a considerable 4.17 percent ownership holding, totaling 13,958,158 ordinary shares, he is one of the most powerful figures in the global telecom infrastructure industry.
The double-digit surge in shares of the telecom infrastructure company has resulted in a $7.4 million increase in the market value of Darwish’s investment in the last 13 days, from $43.41 million on April 17 to $50.81 million.
