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]
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
- Jubilee Life Insurance Company of Kenya Limited – 100% shareholding – Kenya –
- Jubilee Health Insurance Company of Kenya Limited – 100% shareholding – Kenya
- Jubilee Health Insurance Company of Uganda Limited - 65% shareholding - Uganda
- Jubilee Life Insurance Company of Uganda Limited - 65% shareholding - Uganda
- Jubilee Health Insurance Company of Tanzania Limited - 51% shareholding - Tanzania
- Jubilee Life Insurance Corporation of Tanzania Limited - 51% shareholding - Tanzania
- 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 Asset Management 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.
Associated 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% - Mauritius - 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[5] - 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.[6] The largest shareholders in the company as of December 2015 are listed in the table below:[3]
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
- Nairobi Stock Exchange
- Uganda Securities Exchange
- Dar es Salaam Stock Exchange
External links
References
- About Us Jubilee Insurance, retrieved 2020-06-27^
- Aamera Jiwaji. Globus, Jubilee Tie Up To Boost Pan-African Insurance African Business Magazine (London), 2 November 2014, retrieved 23 January 2015^
- Jubilee Holdings Limited December 2015 Annual Report Jubilee Holdings Limited, 31 December 2015, retrieved 29 September 2016^
- Jubilee Holdings Limited - 2013 Annual Report Jubilee Holdings Limited, 2013-12-31, retrieved 2015-02-19^
- Diamond Trust Bank Group: Shareholding Structure Diamond Trust Bank Group, 31 December 2013, retrieved 19 February 2015^
- Sasha Planting. Arbitrage Opportunities On Dual-Listed Stocks MoneyWeb South Africa, 26 July 2011, retrieved 23 January 2015^
- Board of Directors At Jubilee Holdings Limited Jubilee Holdings Limited, 2014, retrieved 23 January 2015^