Jubilee Holdings Limited
| Public Company | |
| Traded as | KN: JUB |
| Industry | Insurance and Finance |
| Founded | 1937 |
| Headquarters | Jubilee Insurance House, Wabera Street, Nairobi, Kenya |
Key people |
Nizar N Juma Group Chairman Dietmar Raich Group CEO[1] |
| Products | Insurance, Investments, Real Estate, Management Services |
| Revenue | USD 300 million (2013) Aftertax:US$27.8 million (KES:2.5 billion) (2013) |
| Total assets | US$678 million (KES:61.16 billion) (2013) |
| Website | Homepage |
Jubilee Holdings Limited, is a financial services holding company, with its headquarters in Nairobi, Kenya. The company maintains subsidiaries in Burundi, Kenya, Mauritius, Tanzania, Uganda and Pakistan. Its activities are mainly in the insurance sector.[2]
Overview
Jubilee Holdings Limited is a large financial services conglomerate in East Africa, the Indian Ocean Islands and parts of southwestern Asia. As of December 2013, the company controlled assets valued at over US$678 million (KES:61.16 billion), with shareholder's equity of approximately US$119 million (KES:10.7 billion)[3] The company's subsidiary in Kenya, Jubilee Insurance Company Limited, was the largest insurance company in that country, the largest economy in the East African Community, according to a report by the Insurance Regulatory Authority, released in December 2014.[4]
Jubilee Holdings Limited
The following is a list of subsidiaries (50+% shareholding) and associated companies (less than 50% shareholding) of Jubilee Holdings Limited, who together form the Jubilee Group.[5]
Subsidiaries
- Jubilee Insurance Company Limited – 100% Shareholding – Kenya – A general and long term insurance provider in Kenya.
- The Jubilee Insurance Company of Uganda Limited - 65% Shareholding - Uganda - A general and long term insurance provider in Uganda.
- The Jubilee Insurance Company of Tanzania Limited - 51% Shareholding - Tanzania - A general and long term insurance provider in Tanzania.
- The Jubilee Insurance Company of Burundi S.A. - 70% Shareholding - Burundi - A general and long term insurance provider in Burundi. 20% of this venture is held by the group's sister company, The Diamond Trust Bank Group. The two have AKFED as a common shareholder.
- Jubilee Insurance (Mauritius) Limited - 80% Shareholding - Mauritius - A general insurance provider in Mauritius.
- Jubilee Financial Services Limited - 100% - Kenya - A fund management company in Kenya.
- Jubilee Investments Company Limited - 100% Shareholding - Uganda - An investments holding company.
- Jubilee Investments Tanzania Limited - 100% Shareholding - Tanzania- An investments holding company.
- Jubilee Investments Burundi Limited - 100% Shareholding - Burundi - An investments holding company.
- Jubilee Center Burundi - 80% Shareholding - Burundi - A property investment company.
Associates companies
- PDM (Holdings) Limited - 37.1% - Kenya - An investment vehicle through which the group has invested in the equity of Property Development and Management (K) Limited which conducts property investment, development and management.
- IPS Cable Systems Limited - 33.3% - Kenya - An investment vehicle through which the group has invested in the equity of the 15,000 km Seacom submarine fiber optic cable.
- FCL Holdings Limited - 30.0% - Kenya - An investment vehicle through which the group has invested in the equity of Farmers Choice Limited with its main objective being sale of fresh and processed meat products.
- IPS Power Investment Limited - 27.0% - Kenya - An investment vehicle through which the group has invested in the equity of Tsavo Power Company Limited that generates electricity for sale.
- Bujagali Holding Power Company Limited - 25.0% Shareholding - Uganda - An investment vehicle through which the group has invested in the equity of Bujagali Energy Limited an electricity generating company in Uganda.
Investment
- Diamond Trust Bank Group - 10.27% Shareholding[6] - A major banking group in East Africa, active in Burundi, Kenya, Tanzania and Uganda. Held through Jubilee Insurance Company Limited.
Shareholding
The shares of stock of the holding company are listed on the stock exchanges in Nairobi, Kampala and Dar es Salaam.[7] As of December 2013, the ten largest shareholders in the company, are listed in the table below:[3]
| Jubilee Holdings Limited Stock Ownership | |||||||||||||||||||||||||||||||||||||||
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Governance
The activities of the Holding Company (The Group), are supervised by an eight-person Board of Directors, led by the Group Chairman, Nizar N Juma.[8]
See also
- Jubilee Insurance Company Limited
- Diamond Trust Bank Group
- Aga Khan Fund for Economic Development
- Nairobi Stock Exchange
- Uganda Securities Exchange
- Dar es Salaam Stock Exchange
References
- ↑ Business Daily Reporter (22 January 2016). "Jubilee Holdings names new CEO". Business Daily Africa. Nairobi. Retrieved 22 January 2016.
- ↑ Jiwaji, Aamera (2 November 2014). "Globus, Jubilee Tie Up To Boost Pan-African Insurance". African Business Magazine (London). Retrieved 23 January 2015.
- 1 2 JHL, . (13 May 2014). "Jubilee Holdings Limited December 2013 Annual Report" (PDF). Jubilee Holdings Limited (JHL). Retrieved 23 January 2015.
- ↑ Herbling, David (21 December 2014). "CIC Rises Past ICEA To Be Third-Largest Insurance Firm". Business Daily Africa (Nairobi). Retrieved 23 January 2015.
- ↑ "Jubilee Holdings Limited - 2013 Annual Report" (PDF). Jubilee Holdings Limited. 2013-12-31. Retrieved 2015-02-19.
- ↑ DTB, . (December 31, 2013). "Diamond Trust Bank Group: Shareholding Structure". Diamond Trust Bank Group. Retrieved February 19, 2015.
- ↑ Planting, Sasha (26 July 2011). "Arbitrage Opportunities On Dual-Listed Stocks". MoneyWeb South Africa. Retrieved 23 January 2015.
- ↑ JHL, . (2014). "Board of Directors At Jubilee Holdings Limited". Jubilee Holdings Limited (JHL). Retrieved 23 January 2015.