Jubilee Holdings Limited
Company typePublic company
KN: JUB
IndustryInsurance and finance
Founded1937 (1937)
Headquarters
Nairobi
,
Kenya
Key people
Nizar N. Juma
Group Chairman
Julius Kipng’etich
Group CEO[1]
ProductsInsurance, investments, real estate, management services
RevenueUSD 300 million (2013) Aftertax:US$27.8 million (KES:2.5 billion) (2013)
Total assetsUS$678 million (KES:61.16 billion) (2013)
Number of employees
878 (2015)
Websitewww.jubileeinsurance.com

Jubilee Holdings Limited is a financial services holding company, with its headquarters in Nairobi, Kenya. The company maintains subsidiaries in Kenya, Uganda, Tanzania, Burundi, and Mauritius.[2] Its activities are mainly in the insurance sector.[3]

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)[4] 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.[5]

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.[6]

Subsidiaries

Associates companies

Investment

Shareholding

The shares of stock of the holding company are listed on the stock exchanges in Nairobi, Kampala, and Dar es Salaam.[9] The largest shareholders in the company as of December 2015 are listed in the table below:[4]

Jubilee Holdings Limited Stock Ownership
Rank Name of Owner Percentage Ownership
1 Aga Khan Fund for Economic Development 37.98
2 Pyrus Investments Limited 9.82
3 Freight Forwarders Kenya Limited 1.95
4 United Housing Estates Limited 1.81
5 Adam's Brown and Company Limited 1.79
6 Others via the NSE, USE & DSE 46.65
Total 100.00

Governance

The activities of the Holding Company (The Group), are supervised by an eight-person board of directors, led by Group chairman Nizar N. Juma.[10]

See also

References

  1. ^ Mutegi, Mugambi (10 January 2018). "Ex-Uchumi boss Kipng'etich moves on to the helm of Jubilee Holdings". Business Daily Africa. Nairobi. Retrieved 11 January 2018.
  2. ^ "About Us". Jubilee Insurance. Retrieved 27 June 2020.
  3. ^ Jiwaji, Aamera (2 November 2014). "Globus, Jubilee Tie Up To Boost Pan-African Insurance". African Business Magazine (London). Retrieved 23 January 2015.
  4. ^ a b "Jubilee Holdings Limited December 2015 Annual Report" (PDF). Jubilee Holdings Limited. 31 December 2015. Retrieved 29 September 2016.
  5. ^ Herbling, David (21 December 2014). "CIC Rises Past ICEA To Be Third-Largest Insurance Firm". Business Daily Africa (Nairobi). Retrieved 23 January 2015.
  6. ^ "Jubilee Holdings Limited - 2013 Annual Report" (PDF). Jubilee Holdings Limited. 31 December 2013. Retrieved 19 February 2015.
  7. ^ Olingo, Allan (31 August 2016). "Jubilee posts $19.7 million half year profit, enters DRC market". The EastAfrican. Nairobi. Retrieved 31 August 2016.
  8. ^ "Diamond Trust Bank Group: Shareholding Structure". Diamond Trust Bank Group. 31 December 2013. Retrieved 19 February 2015.
  9. ^ Planting, Sasha (26 July 2011). "Arbitrage Opportunities On Dual-Listed Stocks". MoneyWeb South Africa. Retrieved 23 January 2015.
  10. ^ "Board of Directors At Jubilee Holdings Limited". Jubilee Holdings Limited. 2014. Retrieved 23 January 2015.

External links

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