Jubilee Holdings Limited

Last updated

Jubilee Holdings Limited
Company type Public company
KN: JUB
IndustryInsurance and finance
Founded1937 (1937)
Headquarters,
Key people
Zul Abdul
(Group Chairman)
Julius Kipng’etich
(Group CEO)
Juan Cazcarra
(Deputy Group CEO)
Products Insurance, Investments, Real estate, Asset management services
RevenueUSD 408 million / KES 53 billion (2024)
Total assets US$1,643 million (KES:214 billion) (2024)
Number of employees
993 (2024)
Website www.jubileeinsurance.com

Jubilee Holdings Limited is a financial services holding company with headquarters in Nairobi, Kenya. The company maintains subsidiaries in Kenya, Uganda, Tanzania and Burundi. [1] Its activities are mainly in the insurance sector. [2]

Contents

Jubilee Holdings Limited is a large financial services conglomerate in East Africa. As of December 2024, the company controlled assets valued at over US$1,643 million (KES 214 billion), with shareholders' equity of approximately US$393 million (KES 51 billion). [3] representing the largest for an insurance group in the East African Community.

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. [4]

Subsidiaries

Associated companies

Investment

Shareholding

The shares of stock of the holding company are listed on the stock exchanges in Nairobi, Kampala, and Dar es Salaam. [6] The largest shareholders in the company as of December 2015 are listed in the table below: [3]

Jubilee Holdings Limited stock ownership
RankName of ownerPercentage ownership
1 Aga Khan Fund for Economic Development 37.98
2Pyrus Investments Limited9.82
3Freight Forwarders Kenya Limited1.95
4United Housing Estates Limited1.81
5Adam's Brown and Company Limited1.79
6Others via the NSE, USE & DSE 46.65
Total100.00

Governance

The activities of the Holding Company (The Group), are supervised by an eight-person board of directors, led by Group chairman Zul Abdul. [7]

See also

References

  1. "About Us". Jubilee Insurance. Retrieved 27 June 2020.
  2. Jiwaji, Aamera (2 November 2014). "Globus, Jubilee Tie Up To Boost Pan-African Insurance". African Business Magazine (London). Retrieved 23 January 2015.
  3. 1 2 "Jubilee Holdings Limited December 2015 Annual Report" (PDF). Jubilee Holdings Limited. 31 December 2015. Archived from the original (PDF) on 2 October 2016. Retrieved 29 September 2016.
  4. "Jubilee Holdings Limited - 2013 Annual Report" (PDF). Jubilee Holdings Limited. 31 December 2013. Archived from the original (PDF) on 23 January 2015. Retrieved 19 February 2015.
  5. "Diamond Trust Bank Group: Shareholding Structure". Diamond Trust Bank Group. 31 December 2013. Archived from the original on 29 July 2014. Retrieved 19 February 2015.
  6. Planting, Sasha (26 July 2011). "Arbitrage Opportunities On Dual-Listed Stocks". MoneyWeb South Africa. Retrieved 23 January 2015.
  7. "Board of Directors At Jubilee Holdings Limited". Jubilee Holdings Limited. 2014. Archived from the original on 30 June 2015. Retrieved 23 January 2015.