Interested Investors now have opportunity to buy into the ordinary shares of Africa’s real estate company, Afriland Properties Plc, with the listing of the company on the NASD OTC Plc.
The NASD is an over-the-counter (OTC) platform that trades on unlisted securities. It is licensed by Securities and Exchange Commission (SEC). The NASD OTC was formally launched on July 1 and opened for trading on July 2, 2013.
For 2014 financial year, Afriland Properties Plc. announced a profit before tax of N1.74 billion for the year ended December 31, 2014, representing a 311% increase compared to the corresponding period of 2013. This was declared at the 2nd Annual General Meeting.
During the meeting which took place at the Banquet Hall of Lagoon Restaurant, the Board of Directors and the Management also declared a total dividend payment of N499.6M translating to 40 kobo per ordinary share.
Afriland Properties Plc. is a property development and management Company, offering end-to-end services along the real estate value chain, from management to joint-venture investments.
With a portfolio size of over N8 billion and one of the largest land banks in Nigeria, Afriland Properties is pioneering the opportunities presented by an institutional approach to real estate, serving niche markets throughout Africa.