…Shareholders also approved the appointment of Mrs. Mariya Aliko-Dangote to the company’s board of directors
SAT JULY 04 2026-theGBJournal| Dangote Cement Plc is positioning itself for its next phase of growth after shareholders authorised the board to pursue fresh capital markets transactions, including a potential secondary listing on the London Stock Exchange and an offer for sale of shares by its majority shareholder.
The moves could potentially deepen international investor participation, improve trading liquidity and expand access to foreign capital as Africa’s largest cement producer seeks to strengthen its global market profile.
At the company’s 17th Annual General Meeting held in Lagos on July 2, shareholders granted the board authority, subject to regulatory approvals, to consider one or more capital markets transactions.
The mandate, seen by theG&BJournal, allows the company to pursue a secondary listing of its existing shares on the London Stock Exchange or another recognised international exchange under the applicable listing framework, while also permitting an offer for sale of shares by the majority shareholder in either international or Nigerian capital markets, whether alongside a listing or as a standalone transaction, depending on prevailing market conditions.
The resolution gives the board broad discretion to determine the timing, structure and terms of any transaction and authorises it to appoint advisers, execute necessary agreements and secure all regulatory approvals required to implement the plans.
The approvals come as Dangote Cement builds on its recent financial performance.
In its latest earnings results, the company reported resilient profitability and cash generation despite a challenging operating environment, reinforcing its position as one of Nigeria’s most valuable listed companies with a market capitalisation running into the trillions of naira.
The strong earnings profile has continued to underpin investor confidence in the stock.
Shareholders also approved the appointment of Mrs. Mariya Aliko-Dangote to the company’s board of directors, further strengthening the group’s governance structure.
The resolutions signal that Dangote Cement is preparing greater engagement with international capital markets.
A successful overseas listing or share sale could broaden its shareholder base, enhance liquidity in its stock and provide greater visibility among global institutional investors, while offering additional flexibility to support the company’s long-term expansion strategy.
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