According to the data tracked by Billionaires.Africa
revealed that the market value of Darwish’s stake in IHS Holdings has slumped
by over $24 million since July 21, primarily due to the decline in the shares
of the leading telecom infrastructure company on the New York Stock Exchange.
Founded in 2001 by Darwish, IHS Holdings has solidified its
position as the largest telecom infrastructure group in Africa, Europe, Latin
America, and the Middle East. Based on tower count, the company also ranks
globally as the third-largest independent multinational tower company.
Darwish holds a substantial 4.17-percent stake in IHS
Holdings, amounting to 13,958,158 shares in the group.
Over the past 36 days, IHS Holdings shares on the NYSE have
experienced a notable decrease of 19.71 percent, falling from $8.93 on July 21
to $7.17, pushing the group’s market capitalization drastically below $2.40
billion.
Consequently, the market value of Darwish’s stake in the
leading telecom infrastructure firm has slumped by $24.6 million, from $124.6
million as of July 21 to $100.08 million at the time of drafting this report.
Nevertheless, IHS Holdings remains optimistic and confident
about achieving its goals for 2023. The company’s extensive tower network and
strategic acquisitions have positioned it as a key player in the global telecom
infrastructure landscape.
For Darwish, this recent dip underscores the volatility
inherent in the world of high-stakes investments. However, despite the decline
in the market value of his stake in IHS Holding, Darwish remains one of the
leading players in the telecom industry.