Khalifa Rabiu to Receive N13.2bn from BUA Foods’ Record Dividend

Khalifa Rabiu, son of billionaire Abdul Samad Rabiu, will collect N13.2 billion ($9.6 million) from BUA Foods’ record dividend payout for the 2025 fiscal year. He holds a 2.63% stake with 473.6 million shares. His father, controlling 92.64% of the company, will receive N467 billion ($337.3 million). This year’s dividend more than doubles last year’s N504 billion ($364 million) distribution. BUA Foods’ profit jumped to N518.7 billion ($374.6 million), driven by higher sales of sugar, pasta, and rice. The company’s assets climbed to N1.39 trillion ($1 billion), with retained earnings of N705.4 billion ($510 million). Recently appointed Chief Officer of Global Procurement and Strategic Operations, Khalifa will focus on cost optimisation and supply chain resilience. His experience spans food production, cement, and animal feed, supporting BUA Foods’ efficiency and growth strategy.

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