Abdul Samad Rabiu’s son, Khalifa, to receive N13.2 billion from BUA Foods

Nigerian business executive Isyaku Abdulsamad “Khalifa” Rabiu, son of billionaire industrialist Abdul Samad Rabiu, is set to receive N13.2 billion ($9.6 million) from his stake in BUA Foods Plc, following the food company’s decision to more than double its dividend.

Khalifa Rabiu holds 473,628,201 ordinary shares, representing a 2.63 percent stake in the company. The shares are currently valued at N378 billion ($273.7 million), and the dividend will be credited electronically to his account on July 15.

The payout to Khalifa is a fraction of what his father, Abdul Samad Rabiu, will receive. The senior Rabiu, who controls 92.64 percent of BUA Foods, is set to pocket N467 billion ($337.3 million), making him the largest beneficiary of the record dividend from the food giant.

BUA Foods doubles 2025 dividend

Earlier this week, BUA Foods’ board approved a dividend of N28 ($0.02) per share, totaling N504 billion ($364 million) for the 2025 fiscal year. This more than doubles the N13 ($0.009) per share paid the previous year, when total dividends were N234 billion ($169 million).

The increased payout follows a sharp rise in earnings. BUA Foods reported a profit of N518.7 billion ($374.6 million) for 2025, up from N266 billion ($192.1 million) in 2024. Growth was driven by higher sales of sugar, pasta, and rice, combined with tighter control of production and distribution costs, despite Nigeria’s challenging business environment.

The company’s balance sheet strengthened alongside earnings. Total assets rose to N1.39 trillion ($1 billion) by Dec. 31, 2025, from N1.095 trillion ($791 million) the previous year. Retained earnings climbed to N705.4 billion ($510 million), reflecting increased profitability.

Khalifa Rabiu drives supply chain efficiency

Khalifa Rabiu’s profile rose with his appointment as Chief Officer, Global Procurement and Strategic Operations at BUA Foods, effective Jan. 29, 2026. Even before taking the executive role, he already held a significant financial stake in the company.

Before his appointment, Khalifa worked across BUA Group projects, improving supplier relationships and operational efficiency. He holds a bachelor’s degree in International Relations from Regent’s University London and a master’s in management from Georgetown University’s McDonough School of Business.

In his current role, Khalifa Rabiu will manage global procurement, focusing on cost optimization, supply chain resilience, and supporting the company’s long-term growth. His experience across multiple sectors—including food production, cement manufacturing, and animal feed—positions him to address operational challenges and drive value for shareholders.

(Shore Africa)